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Well, this is one of those conspiracy things.
The Federal reserve produces the currency today, which is backed by words. It has value because we think it has value. The US Government still produces gold coins which are still denominated as set by laws that are still in effect.
So, which is the real money? You would have a tough time using a $50 gold coin in a transaction today, since they are not a fixed value vs. the Federal Reserve notes.
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James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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