No, DD, you misunderstand my point; sorry I didn't make it more clear. If gold drops to $5.00 per pound, that gold eagle will still be worth $50.00. If gold climbs to a gazillion bucks a gram, the treasury will still only give me a $50 bill for it. As currency, it is worth fifty bucks, guaranteed by our favorite Uncle. And, since it was minted by that same Uncle, it is currency, subject to whatever manipulations the Fed wants to apply.
Would I sell it today for $50? Of course not. But, that is its value to the US Treasury. Same with a numismatic penny or philatelic stamp. While they may be worth more to collectors (hoarders?), the value to the Treasury or the Post Office is the amount indicated.
generally when people refer to gold they refer to gold bars - not coins - coins are referred to as 'coins' QED? d
Now it's my turn to not understand -- bullion can be issued in any number of forms. Are you saying that coins can't be considered bullion? Surely not. So, I don't understand your "Q.E.D." Sequitur, please?
jim |
