Let's bring back pieces of 8 :-)
Let's bring back real currency. (i.e. gold & silver coin as
specified in the U.S. Constitution.)
And what's wrong with gold-pressed latinum? ;-)
Can you immagine the size of one dollar gold coins nowadays, You'd have
to have holes in them so you could thread them into love beads.
The pre-depression gold dollar was already smaller and thinner than a
dime, so small you had to lick your finger to pick it up. At today's
gold prices, a $20 dollar gold piece would roughly meet that
description. Even a silver dollar would be smaller than a dime.
There is no reason that Congress would have to use the value of the Federal
Reserve Notes when defining the weight of gold and silver coins. For
example: A silver dollar is defined as one Troy ounce of .999 fine silver.
Today's spot price on silver is $16.76/$16.86 (Bid/Ask) Federal Reserve
Notes. At least one company is offering these bullion coins for $19.21
Federal Reserve Notes. The same principle works for gold coins. Bullion
coins, along with all commodities, have an intrinsic value. From the
founding of this country until FDR devalued our money in 1933, there was
very little fluctuation in the amount of goods and services that could be
purchased for a given amount of gold or silver. The value of paper money
that can not be redeemed for anything with an intrinsic value varies
wildly. The use of this paper allows governments to run up excessive
debts, but eventually this house of cards always collapses.
Pardon my rant.
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