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To: Pharmboy
Ahhh...the gold standard...if only we would get back to it.

I agree. Reopening the gold and silver windows would establish a solid currency that would essentially compete with the fiat currency we are now using and would cut the inflation danger. It seems to me that we could get some stability back though if we were to make coinage of other metals with lower value but with intrinsic value (I know of some people who are currently hoarding nickels) nonetheless.

Perhaps brass, copper, or steel for small change. and silver for ten, twenty, and fifty dollar coins.

19 posted on 04/26/2012 10:10:46 AM PDT by Cowman (How can the IRS seize property without a warrant if the 4th amendment still stands?)
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To: Cowman

Another awful thing that FDR did to this country, that is, take us off the gold standard.


20 posted on 04/26/2012 11:17:43 AM PDT by Pharmboy (She turned me into a Newt...)
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