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Re: DENVER - Colorado State Senators will consider a bill that would allow people to use gold and silver as currency.

By: Decomposed in ROUND | Recommend this post (0)
Thu, 23 Feb 12 12:05 AM | 74 view(s)
Boardmark this board | De's Test Board 		Msg. 39062 of 45651
(This msg. is a reply to 39051 by capt_nemo)
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I'll believe it when I see it.

For starters, I'm sure the government will STILL want to issue these new coins. So, let's suppose they come out with a $10 coin that contains 1/170th gold. Or even 1/200 of an ounce of gold.

Folks will immediately start hoarding the coins. Saving money is an anti-Keynesian practice that liberals claim harms the economy. So they'll scream bloody murder.

Next, suppose the price of gold rises... which it will. The hoarding of the coins will SKYROCKET. Folks will snap up these coins as quickly as the government can mint 'em. And where's the government supposed to get replacement gold from when it is effectively selling it at a loss??

How is government going to plant RFID chips in gold? I doubt RFID would be able to transmit through the metal - which means their plan to track all currency transactions will be dashed. And as soon as the price of gold makes it economical, people will start melting their coins down to extract the gold.

Finally, it's gold for cryin' out loud! How is government supposed to counterfeit it????? That's obviously not what the liberals will want.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
DENVER - Colorado State Senators will consider a bill that would allow people to use gold and silver as currency.
By: capt_nemo in ROUND
Wed, 22 Feb 12 5:48 AM 		Msg. 39051 of 45651

Time to move to Colorado DE LOL.

A similar measure is already in place in Utah and is being considered in 12 other states, reports CBS Station KCNC.

Supporters are concerned about the strength of the U.S. dollar.

The sponsors of the bill say they are concerned about the strength of the U.S. dollar, public debt, and currency devaluation.

"Over history just about every country in the world that has had a serious debt crisis has intentionally inflated their currency," Sen. Kent Lambert, R, told KCNC's Michelle Griego.

Lambert said that can easily happen in this country, so he's

http://www.cbsnews.com/8301-500395_162-57381340/colo-bill-would-legalize-gold-silver-currency/

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