[ari-freedom]

I don’t think 2 currencies will work because people will pay their debts in the fiat money and lock up their gold money.

http://en.wikipedia.org/wiki/Gresham’s_Law

[George W. Bush]

I don’t think 2 currencies will work because people will pay their debts in the fiat money and lock up their gold money.

You know, there are many forms of silver/gold currency that are still legal tender. The Federal Reserve even sells a gold dollar. So it's not so radical really.

People can already buy gold in many forms as an investment. I think that offering a silver/gold currency is a nice way for people to hold legal currency that also has value as money. I also still have the silver dollars my uncle gave me as a baby, a nice keepsake for family members to give babies or graduates against a truly rainy day.

Given the fluctuations of the gold and silver market, I doubt most Americans would want more than $200-$1000 of gold/silver currency.

However, a more widespread use of gold/silver dollars would help to hedge against the hidden inflation of a Fed that prints money to deflate savings in order to manage the out-of-control federal debt interest costs.

Voting for Ron Paul is a vote to move toward a sounder currency, not a vote to return to a complete gold-backed currency, at least not in the short run.