Tiw Report This Comment Date: May 19, 2008 05:10PM
Bad idea for a note (for the investor) as it means the amount of gold
redeemable goes down as quickly as the price of gold goes up
j1mg Report This Comment Date: May 19, 2008 10:02PM
True, although that is in theory what most money actually meant, as most
currencies started based on the gold standard. A british £10 note used to mean
that somewhere in a vault there was £10 of gold that had your name in it.
It's only really since credit was invented that governments moved away from this
method.
fossil_digger Report This Comment Date: May 19, 2008 10:25PM
there's not that many known to exist, and they'e worth,....$40,000?
they're worth what someone will pay.
monex
Tiw Report This Comment Date: May 21, 2008 09:25PM
If I was able to vote in the US elections this year I would have to go for Ron
Paul, even though I know the establishment will do anything to keep him out of
office.
