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To: ctdonath2

Can you chop it into microns? One Dollar US 1 micron!
Or one grain of gold dust?
Who would even fathom of putting Gold for currency!


19 posted on 03/30/2013 3:36:28 PM PDT by Conserev1 ("Still Clinging to my Bible and my Weapon")
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To: Conserev1

:::

Can you chop it into microns? One Dollar US 1 micron!
Or one grain of gold dust?
Who would even fathom of putting Gold for currency!

:::

Easy, you buy inb multiples of the PM coin you are using. You do not buy 1 pound of feed for 30 FRN cents, you buy 100 pounds for a Silver Eagle.

Same for any other product.

Every itemI have sold on line lately is priced in Silver Eagles or Gold Eagles. You would be surprised how much of these metals are trading hands right now.

Any cellphone can get up to the minute PM values.


21 posted on 03/30/2013 4:27:32 PM PDT by wrench
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To: Conserev1

The point is US gold coins - real currency with real declared value - have a face value of $20 per 1 oz (or so). $1 is legally 1/20th of one ounce of US Mint issued gold coin. The fact that the market values it at around $1600/oz rather complicates the issue ... and the IRS doesn’t like people playing games with that dichotomy.


26 posted on 03/30/2013 11:49:09 PM PDT by ctdonath2 (3% of the population perpetrates >50% of homicides...but gun control advocates blame metal boxes.)
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