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<p>[QUOTE=&quot;rush2112, post: 1121210, member: 25570&quot;]<b>Can&#039;t See This Happening</b></p><p><br /></p><p>This idea will never work because Gold and Silver prices fluctuate so much.</p><p>A gold and silver based currency would work if you were a remote island in which you controlled the price and no gold or silver was allowed to leave the island.Would have worked 100-200 years ago but not today.</p><p>In a country like the U.S.,retailers would need a calculator and a screen with the latest precious metals prices for virtually every transaction.In an upward spike the coins would virtually dissappear overnight with hoarding.In the event the price falls you would not expect a retailer to take your silver coin which yesterday was worth $25.00 but today is worth $22.50.</p><p>I just can&#039;t see this working in everday transactions.</p><p>A government having Gold as part of it&#039;s assets without re-deemable notes or coinage is a more likely scenerio.[/QUOTE]</p><p><br /></p>

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