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U.S. Going Back to Gold Standard? Dollar Bill Act of 2009
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<p>[QUOTE="Cloudsweeper99, post: 549446, member: 3011"]The beauty of the Mexican plan is that subsequent drops in commodity prices don't matter. Once a coin rises to a price like $300, it is always convertible at that price. So the holder captures the upside and has no downside risk. I know the reply is "who would pay $300 for a coin worth $252, but everyday people pay $1 for a piece of paper worth $0.01. </p><p><br /></p><p>The Mexican idea of protecting the holder is unique. I think their central bank killed it.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 549446, member: 3011"]The beauty of the Mexican plan is that subsequent drops in commodity prices don't matter. Once a coin rises to a price like $300, it is always convertible at that price. So the holder captures the upside and has no downside risk. I know the reply is "who would pay $300 for a coin worth $252, but everyday people pay $1 for a piece of paper worth $0.01. The Mexican idea of protecting the holder is unique. I think their central bank killed it.[/QUOTE]
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