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<p>[QUOTE=&quot;GDJMSP, post: 163821, member: 112&quot;]Yes they stopped using silver and gold to mint coins because it was worth more than the face value. But they also saw what was coming in the near future - there wasn&#039;t enough silver and gold on the planet to back all the currencies of the world. And to be quite honest, there wasn&#039;t much reason to do so any longer.</p><p><br /></p><p>The only purpose that money has is to make commerce convenient. So all that was necessary was for the nations of the world to agree upon a starting point for currency conversion and go from there. Money can be anything as long as everyone agrees as to what that thing is. And once they did - silver &amp; gold were no longer needed.[/QUOTE]</p><p><br /></p>

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