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Re: The Gold Standard 

By: Zimbler0 in 6TH POPE | Recommend this post (1)
Tue, 22 Aug 23 3:40 AM | 39 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 45189 of 60008
(This msg. is a reply to 45173 by micro)
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Micro > A combination Gold, platinum and silver in enough volume might be sufficient in availability to do the job


As I recall, one of the sites I was recently reading pointed out that the U.S. was on a mix of gold and silver - coinage.

And increases in silver mining in other parts of the world created a glut of silver . . .and certain shysters would use the cheap silver to buy expensive gold . . .

Then when gold strikes in Californica and other western places made gold cheaper, the same folks then used gold to buy the more expensive silver . . .

And lets not forget the Hunt brothers trying to monopolize the silver markets.

Zim.




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Re: The Gold Standard
By: micro in 6TH POPE
Mon, 21 Aug 23 5:01 PM 		Msg. 45173 of 60008

Thanks nacl01!

While I ponder at least for a few minutes what is backing the currency of our country, it raises a question in my mind why does it just have to be one precious metal? Namely Gold.

WHY cannot it be a couple of different ones like Platinum for example? Could there be more than one stockpile of precious metals ? A combination Gold, platinum and silver in enough volume might be sufficient in availability to do the job so it all isn't just dependent on always having to find more gold..

Just thinking out loud but I question why only Gold?


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