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<p>[QUOTE=&quot;Conder101, post: 1142667, member: 66&quot;]He wasn&#039;t suggesting putting a fractioal amount of gold in the coinage he was talking about fractional reserves, having say $1 in actual physicl gold backing for every $100 in printed paper money.&nbsp; We had that form of fractional reserve up untill I believe 1968.&nbsp; There was 25 cents in gold backing for every federal reserve note.&nbsp; US citizens could not redeem the notes for gold but foreign governments could.&nbsp; In March of 68 that last remaining reserve was stripped away.</p><p><br /></p><p>This is something that most people don&#039;t realize, gold backing for the dollar does not have to mean $1 in gold for every $1 in paper.&nbsp; Until 68 is was $0.25 and it did provide some stability to the dollar.&nbsp; Even at $0.01 it would provide more stability than $0.00.[/QUOTE]</p><p><br /></p>

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