Quote Originally Posted by Brian View Post
A Bimetalic standard is the fatal flaw to the old system (Coinage act of 1792). A dollar must be one thing or another but not both. Define a dollar as X number grains of silver or X number grains of gold. Let the opposite metal float against the defined one based upon the market value for whatever weight. Otherwise you have to have CONgress constantly reevaluate the definitions and in the mean time while there arguing. Gresham's law causes one or the other metals to go into hiding or flee offshore.
Fair enough.
Thank-you for that explanation.