17 Dec
2003
17 Dec
'03
11:17 p.m.
On Wed, 4 May 1994 f_griffith@ccsvax.sfasu.edu wrote:
Actually, there is no connection between the gold and our money. I.e. you cannot take US $ to Fort Knox (or any other government location) and get gold for it.
This is why some posters have referred to "fiat money" - the $ is money because the government says it is.
Reynolds
Unless of course you have a $ bill that is a specie note. I have a few ten dollar bills that state that they are redeemable for specie. Ben.