Quote Originally Posted by David Merrill View Post
They might more likely have been demanding the debt ceiling be raised or default. The default on the national debt might result in Treasury Bonds being cashed, like you mention - payment would not likely be in more notes.

This is what I was mentioning about the new sputtering of copper, high valence and electron density replacing gold. So the value of gold will drop fast as its glitter fades. So I keep mentioning the current Fed Asset Report showing domestic gold at $42.22/troy ounce. Gold bugs hate hearing about that; "gold back into the System" and all from the Amendments to the Bretton Woods Agreements. The paper gold (SDR's) is indeed a house of cards.
Money as a commodity i.e. gold and silver coin causes just as many problems as money as paper.
The medium is of lesser import than the volume in relation to the economy as well as WHO has power to issue the money.