Comment: Gold, when used as money, is

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Gold, when used as money, is

Gold, when used as money, is a double asset, even when it is on the liability side of the equation it is still an asset, the same can never be said of a fiat monetary note, which is nothing more than a government issued IOU, a legal notification of a debt obligation.

Like all efforts at confiscation before, take FDR for instance, there was only about 22% of all the gold held in private American hands actually confiscated. FDR's attempt was an utter failure. Gold money is restrictive on government, it requires that government maintain a budget within the bounds of sound monetary policy, thus social policy would also be restrictive...Gold money would end the Welfare/Warfare State and that is why government hates gold money, that is why the government has sought to destroy the monetary use of gold in this country.

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