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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: Sun Tzu who wrote (115906)	1/8/2024 2:11:39 PM
From: Real Man	Read Replies (1) of 116791

I think the error in your argument is that somehow gold and silver as money give the power of issuing debt based money to the states. It doesn’t because gold and silver are not debt based. Anyone can mint and sell gold and silver coins, these will have the same value based on bimetallic content and the premium for the work of minting it whether minted in USA, Canada, Russia or China. If a state uses gold as a currency it will have to issue gold backed bonds to finance its operations and collect state tax of course. So the effect of using gold and silver as alternative currencies to US dollar boils down to effect on demand of minting such coins, which is minimal as I said originally unless the use becomes widespread.

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