Multiple States Move To Recognize Gold & Silver As Legal Currency
(thefreethoughtproject.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (22)
sorted by:
Yeah well..."Be that as it may" 🤓🤓🤓...
Whatcha gonna do? Hand over a $35 silver eagle that says $1 on it?
Seems like a real neat gesture...but "around these parts" if the average cashier rang up your bill and it came to $16, and you handed over $21, retard finder gets deployed...It's the smell!
Imagine arguing with a cashier about intrinsic vs face value?
Here's your sign...
https://www.goldback.com and https://valaurum.com
“The Goldback solves a 2,600 year old problem in that gold can be spent in small, interchangeable increments.”
— DR. MARK VOELKER, UNITED PRECIOUS METALS ASSOCIATION BOARD MEMBER
If gold (now $93/gram) goes over $100/gram
gold will weigh less than an equal value of $100 bills.
A gram of gold and a $100 bill weigh about the same.
Yes, a bill is 1 grams new.
FYI, in case anybody didn't know courtesy of Google AI twat:
In the context of gold and other precious metals, a "grain" is a unit of mass, historically based on the weight of a single grain of barley or wheat, and now defined as 64.79891 milligrams.
Historical Origins:
The grain unit of mass has roots in the Bronze Age and was used to measure the weight of things like barley or wheat grains.
Modern Definition:
Today, a grain is defined as exactly 64.79891 milligrams.
Use in Precious Metals:
While not the primary unit for measuring gold in today's market (which often uses grams or troy ounces), grains are used as a smaller unit of measurement, especially when dealing with very small quantities of gold or other precious metals.
Troy Weight System:
The grain is a unit in the troy weight system, which is commonly used for precious metals.
Funny thing
The Metric System was invented to make base 10 math by hand easy ---- but we have to use obscure units to do this.
No one today --- does base 10 math by hand.
The units are still obscure and the verbiage is cumbersome to say ----- mile vs kil-o-me-ter, inch vs cen-ti-me-ter.
Thanks! I'll check it out 🍻
Goldbacks are an interesting currency. You need to have them from every State and then the Federal Reserve can go pound sand.
They are a "certificate" ------ not a "note" of debt
IMO money vs fiat currency
They aren't saying they will be using gold bullion or coins at the WalMart, the closest to that is Idaho "Unless expressly provided by statute or by contract, no person or other entity may compel another person or other entity to tender or accept gold or silver coin or specie unless agreed upon by the parties"
Admittedly I'm a little dumb in this area, but it reads as though States will back their money with gold and silver, much the same as the Federal gov did with gold and silver certificates. Some mention something of electronic transaction with the metals to back it. They're all different but it feels to me like a step in the correct direction. Assuming the bills pass.
I could be misinterpreting this whole thing too.
I just hand him my Oklahoma bullion transaction card.
https://citizenportal.ai/articles/2331936/Oklahoma/Oklahoma-legalizes-gold-and-silver-deposits-as-currency-in-new-bullion-depository-law