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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="InfleXion, post: 1367609, member: 29012"]Nobody has to use gold. A gold backed currency still allows for paper dollars to exchange hands. As long as each dollar is equivalently represented by the same amount of gold, and that amount remains static then the gold peg will fulfill its job for sound money whether or not people know the gold is behind the scenes or come in contact with it. This is why it is important what's in Ft. Knox today.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1367609, member: 29012"]Nobody has to use gold. A gold backed currency still allows for paper dollars to exchange hands. As long as each dollar is equivalently represented by the same amount of gold, and that amount remains static then the gold peg will fulfill its job for sound money whether or not people know the gold is behind the scenes or come in contact with it. This is why it is important what's in Ft. Knox today.[/QUOTE]
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