Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: srmanuel

If people are serious about using gold as a unit of exchange at this point, it’d have to be done on a weight basis, not a face value, e.g., I’m going to pay you 10 ounces of gold to remodel my kitchen. Assigning a face value tied to the Fed’s funny money utterly defeats the purpose.


8 posted on 02/22/2021 12:57:01 PM PST by irishjuggler
[ Post Reply | Private Reply | To 4 | View Replies ]


To: irishjuggler

You give the clerk a silver bar worth $1000 for tax bill of $875. What do you get for change?


11 posted on 02/22/2021 12:59:53 PM PST by BiglyCommentary
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson