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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 (115905)	1/8/2024 1:45:51 PM
From: Real Man	of 116791

Gold and silver are not debt money. A state does not issue debt when it mints a gold coin because the value of the coin is determined by its gold content. That’s the difference. So a state may choose to use gold and silver instead of federal dollar, but it will have to issue bonds to borrow rather than be able to print that money into existence. The process by which states obtain financing is not different whether they use federally issued US dollar or gold coins.

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