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<p>[QUOTE=&quot;InfleXion, post: 1875590, member: 29012&quot;]There is a solution to this problem. Have the metal in your currency be the baseline for pricing instead of measuring the price of metal in an external currency. As the value of metal fluctuates so too will its ability to buy other things. This wouldn&#039;t be any different than the value of the dollar fluctuating relative to what it can buy.</p><p><br /></p><p>That being said it isn&#039;t very practical to have metal in your pocket. I&#039;d prefer a metal backed paper currency so that even though the pricing mechanism isn&#039;t the metal, as long as they are pegged it wouldn&#039;t matter. For such a peg to work it would require creation and destruction of the paper currency to coincide with the amount of metal entering or leaving the vaults providing the currency backing so as to maintain the initial paper/metal ratio. In the absence of a fixed paper/metal ratio there&#039;s no point since money printing from thin air can occur.[/QUOTE]</p><p><br /></p>

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