ASX 2.50% $63.23 asx limited

The answer is very easy it is to back the currency with bullion...

  1. 345 Posts.
    The answer is very easy it is to back the currency with bullion both gold and silver which was what happen from the first when the first white people arrived until 1913 then the bullion was slowly removed from the coins until we get to 1972 when Nixon took the USA of the gold standard alltogether and we follow suit like just about every other country on the plant.
    The Dinar is the only currency to have gold as a backing that is the Mid east.
    You have a look at a 1966 50cent coin it has 1/3 oz of silver so the gov. of the day could not issue any more than they had silver in the vaults. This in turn stops
    inflation and hopefully people could retire with alittle more comfort.
    Regards Dennis

 
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