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<p>[QUOTE=&quot;scottishmoney, post: 547631, member: 12789&quot;]The American people are not even ready for a good idea like the Mexican plan.&nbsp; But there are several places that issue or issued coins that had floating face values, these tend to be places with unstable currencies, or some other reason, ie religious in the case of Malaysia.&nbsp; Iran issues coins that are the equivalent of the half and full British sovereign, they used to be called Pahlavis, but now they are some other name.&nbsp; </p><p><br /></p><p>In Mexico the Onza silver coins trade at a floating rate, but unfortunately gold coins are taxed miserably so that they have egregious premiums.</p><p>It is more economical to buy Mexican gold coins in the United States than it is in Mexico, simply because of the excise taxes imposed on them.</p><p><br /></p><p>The fundamental problem with the American economy going on anything resembling a gold standard is this, there has been too much money created with credit, paper etc. for it to be easily converted into a gold equivalent with the amount of gold that the US Treasury claims it has on hand.[/QUOTE]</p><p><br /></p>

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