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Re: $3000 Gold and its effect on numismatic gold coins - legs after that?
In late 1979 and early 1980, people were lined up to sell silver coins to dealers, often at 15-20% back of melt. I was one of them. At the time I heard credible reports that bags of Morgan/Peace doll… (View Post)3 -
Re: what would have happened if the us had stayed on the gold standard
If US Notes are basically the same as Federal Reserve Notes, please explain how unbacked US Notes would lead to a $36.000,000,000,000 national debt requiring annual interest payments of $1,000,000,00… (View Post)1 -
Re: what would have happened if the us had stayed on the gold standard
> Unbacked money is simply paper money (or its electronic equivalent) that is issued directly by a government, without a corresponding issue of bonds to a central bank to "back" this mon… (View Post)2 -
Re: what would have happened if the us had stayed on the gold standard
US Notes were not replaced with Federal Reserve Notes in 1966. They continued to circulate as legal tender and are still valid money today, even though they are not "backed" by government b… (View Post)2 -
Re: what would have happened if the us had stayed on the gold standard
> I'm not talking about dealing with the FED at all. > (View Post)2
