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<p>[QUOTE=&quot;medoraman, post: 1639191, member: 26302&quot;]Gresham&#039;s Law only deals within a currency. Originally I believe you were trying to say silver or gold USD would drive base metal coins from circulation. No, it would not, Gresham&#039;s Law would operate, just like it did in 1965, just like it is doing currently with cents, just like it did in 1873, just like it did in 1853, etc. Within a currency, lower intrinsic value coins drive higher intrinsic value coins from circulation.</p><p><br /></p><p>Now what you are talking about is different CURRENCIES. That is a completely different story. Relative strengths in currencies have nothing to do with Gresham&#039;s Law, since they are not seen as true substitutes.</p><p><br /></p><p>So, they have nothing to do with each other.[/QUOTE]</p><p><br /></p>

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