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<p>[QUOTE=&quot;fatima, post: 1365470, member: 22143&quot;]The valuation of gold in terms of asset value to the USA is $42.22/ounce&nbsp;&nbsp; This is the value expressed in USD as issued by the US Treasury and not the Federal Reserve.&nbsp; US Treasury notes and Federal Reserve notes were at parity with each other until 1971 when the link was broken due to the end of the gold standard, and the US Treasury stopped issuing $s.&nbsp;&nbsp; </p><p><br /></p><p>Since that time the Federal Reserve system has increased the supply of Federal Reserve $s at an exponential rate and that is why, in part, gold expressed in FRN $ is ~$1735 and when expressed in the non-existent USN $s is $42.22.&nbsp;&nbsp; Federal Reserve Notes are not obligations on the United States.&nbsp;&nbsp; The US IRS has made it clear that it considers the market value of gold coin, and not the face value of gold coin to be the correct amount when it comes to tax assessment.&nbsp;&nbsp; </p><p><br /></p><p>It&#039;s unclear what would apply, but keep in mind that in terms of the US Constitution, there has never been a definitive court case case that addresses these ambiguities with the fiat money supply being created by a 3rd party nor on the dichotomy created by issuing coins with legal tender values that are minuscule vs the value of the coin.&nbsp;&nbsp; (hint: they did it this way for this very reason)[/QUOTE]</p><p><br /></p>

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