[ml/nj]

Money is gold and silver.

Paper is not money. Scrap metal is not money. And something almost no one understands is not money.

If you have a Krugerrand, or some similar gold coin, let someone else hold it and watch them smile.

ML/NJ

[ml/nj]

I should have added that anything that depends upon a third party to an exchange between two parties is not money. (E.g. How much do you think all those pictures of dead presidents would be worth if the United States ceased to exist? Compare to all those Double Eagles that FDR banned.)

ML/NJ