Comment: Once in circulation the use

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Republicae's picture

Once in circulation the use

Once in circulation the use of gold/silver as money no longer operates under the same conditions as it does currently under a system that seeks to demonetize gold and silver. The fact is that since the fiat monetary system has been so depreciated through monetary inflation, the comparison between the current fiat system and a gold/silver specie system cannot be adequately made. You are, or at least it appear you are looking at the fiat price of gold when, in fact, since the fiat dollar has been depreciated to between 95% to 97% of the value of a 100 Cent Dollar, the value of gold appears to be driven higher and higher, that is the combined effects of fiat monetary depreciation through inflation and also a degree of manipulation in the gold markets to maintain the status quo of the fiat monetary system itself.

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun