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Originally posted by semperkill Im wondering if at some point in the near future i will have to use my gold chains,rings, bracelets buillon to purchase everything...Lets discuss
Originally posted by MRedfieldSeriously, this thread is useless unless you provide evidence of your claim.
After all, while the one-ounce American Eagle coin produced by the Mint says “One Dollar,” it is actually worth more like $38 based on the current price of silver. (An ounce of gold is worth more than $1,500.) Now, however, Utah has passed a law intended to encourage residents to use gold or silver coins made by the Mint as cash, but with their value based on the weight of the precious metals in them, not the face value
Originally posted by semperkill The law is the first of its kind in the United States.
Originally posted by MRedfield
reply to post by semperkill
Sorry, re-reading my post it DOES sound a bit harsh. I was strapped for time and just typed up a quick "need a link" response while I could.
The fact that the mint wants people to use previously dubbed "keepsake" coins as currency now is quite interesting, and it's only bound to get very, VERY confusing when somebody goes to pay for something that costs $20 with a gold coin stamped as "one US dollar", and the coin is actually worth $38.
Honestly? I don't know what to think. We live in very interesting times.