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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: capt_nemo in ROUND | Recommend this post (0)
Thu, 23 Feb 12 2:22 AM | 48 view(s)
Boardmark this board | De's Test Board 		Msg. 39066 of 45651
(This msg. is a reply to 39062 by Decomposed)
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Finally, it's gold for cryin' out loud! How is government supposed to counterfeit it?


Gold plated Tungsten. It has the same physical weight as gold. I have heard this for a couple years now.......




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: DENVER - Colorado State Senators will consider a bill that would allow people to use gold and silver as currency.
By: Decomposed in ROUND
Thu, 23 Feb 12 12:05 AM 		Msg. 39062 of 45651

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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