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NEW YORK (CNNMoney) -- A growing number of states are seeking shiny new currencies made of silver and gold.
Originally posted by Ghost375
There's just not enough gold on this earth to return to the gold standard. When i first heard about the gold standard stuff, I thought it was best to return to it...but then I realized there just isn't enough gold, OR silver. We do need jewelry.
What we need is a sound money system that isn't controlled by __________.
Originally posted by Bilder
Originally posted by Ghost375
There's just not enough gold on this earth to return to the gold standard.
What we need is a sound money system that isn't controlled by __________.
Well the constitution dosnt actually say money has to be backed by gold which i find odd that Ron Paul has never mentioned
fauxcapitalist.com...
Article I, Section 8 of the Constitution grants Congress the power “To coin Money,” but nowhere is the word “money” defined in the Constitution.
But i believe it does has to be backed by something of value
Originally posted by CaptChaos
The truth is, gold also has no intrinsic value. Why is it worth so much? Mainly because it does not deteriorate, so lasts forever. And it's somewhat scarce. Other than that, it's shiny. Wow. It's soft and weak.