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Utah considers return to gold, silver coins
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<p>[QUOTE="GDJMSP, post: 1118419, member: 112"]It won't work because it can't work. For one thing the federal government will never allow it. For another thing since the value of gold and silver fluctuates so wildly, you could never assign any value to a coin because that value would be constantly changing.</p><p><br /></p><p>The entire world gave up on the idea of using gold and silver as money because the idea can no longer work. There is not enough gold and silver on the entire planet to use it as money. And no single country, or state for that matter, can decide to use gold and silver for money because the rest of the world will all exchange their money for the metals and the country or state using it won't have any metals anymore. THAT'S part of the reason they quit using it to begin with !</p><p><br /></p><p>Money is no longer something that is pertinent to one given country only. Money is global which is why there are exchange rates. So the only way that gold an dsilver could ever be used as money again is if the entire planet agreed to do so. And that is never going to happen because it is a non functional idea.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1118419, member: 112"]It won't work because it can't work. For one thing the federal government will never allow it. For another thing since the value of gold and silver fluctuates so wildly, you could never assign any value to a coin because that value would be constantly changing. The entire world gave up on the idea of using gold and silver as money because the idea can no longer work. There is not enough gold and silver on the entire planet to use it as money. And no single country, or state for that matter, can decide to use gold and silver for money because the rest of the world will all exchange their money for the metals and the country or state using it won't have any metals anymore. THAT'S part of the reason they quit using it to begin with ! Money is no longer something that is pertinent to one given country only. Money is global which is why there are exchange rates. So the only way that gold an dsilver could ever be used as money again is if the entire planet agreed to do so. And that is never going to happen because it is a non functional idea.[/QUOTE]
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