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Thread: Gold standard = fiat money in disguise

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  1. 10-02-11, 11:55 AM #1
    shikamaru
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    Quote Originally Posted by stoneFree View Post
    Nice $20 coin but only weighs 7.96 grams.

    With silver at $30 an ounce, calculating its silver value...

    (30 × .0321507466 × 7.96 × .9999) = $7.68 USD
    Good catch!! I was about to spring for 3 of 'em ...

    At 7.96 grams is about less than a third of a troy ounce.
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  2. 10-02-11, 09:01 PM #2
    Michael Joseph
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    apologies. Thanks stoneFree
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