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**loan4younow** · 01-28-2012, 06:19 PM

Yes, Salty, we're sort of on a gold standard already, since FRNs are exchangeable for gold at your local coin dealer. The problem is the exchange premium. But in this environment of expanding money supply, the exchange premium is offset by the appreciating value of the gold.

01-28-2012, 06:19 PM	#3
loan4younow Join Date Oct 2005 Posts 479 Senior Member	Yes, Salty, we're sort of on a gold standard already, since FRNs are exchangeable for gold at your local coin dealer. The problem is the exchange premium. But in this environment of expanding money supply, the exchange premium is offset by the appreciating value of the gold.
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