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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="snapsalot, post: 1409074, member: 37085"]The bill would work better if todays current "value" of silver and gold was not determined by a manipulated fiat currency.</p><p><br /></p><p>A better way in inact such a practice again would be to let the free market determine a oz of gold or silvers true value. For instance my tenant and I decide that for their monthly rent they may pay me in 25 oz of silver or a half oz of gold, which would completely forgo a infered currency value for the commodity and instead let the metal stand upon its own two feet as a a currency in its own right.</p><p><br /></p><p>At this current day and age this idea more then likely would not hold ground. As there is a lot of faith in fiat currency throughout a good sized percentage of the populace. However within the next few years as less and less people continue to hold faith in unbacked paper money and want a time proven system that essentually holds its roots in fair trade and commerace, a gold and silver monitary system can once again come forth. Possibly in this new day and age it would have a little brother and sister with Platinum and Poladium as well.[/QUOTE]</p><p><br /></p>
[QUOTE="snapsalot, post: 1409074, member: 37085"]The bill would work better if todays current "value" of silver and gold was not determined by a manipulated fiat currency. A better way in inact such a practice again would be to let the free market determine a oz of gold or silvers true value. For instance my tenant and I decide that for their monthly rent they may pay me in 25 oz of silver or a half oz of gold, which would completely forgo a infered currency value for the commodity and instead let the metal stand upon its own two feet as a a currency in its own right. At this current day and age this idea more then likely would not hold ground. As there is a lot of faith in fiat currency throughout a good sized percentage of the populace. However within the next few years as less and less people continue to hold faith in unbacked paper money and want a time proven system that essentually holds its roots in fair trade and commerace, a gold and silver monitary system can once again come forth. Possibly in this new day and age it would have a little brother and sister with Platinum and Poladium as well.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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