Gold in them thar Bills...
Perry E. Metzger
pmetzger at lehman.com
Thu Oct 21 13:18:01 PDT 1993
Alexander Reynolds says:
> Since the topic of backing seems to go towards gold, what about
> the purity of the bullion and who (which government) presses it? Gold
> pressed by the Canadian government at .999 troy oz might not be worth a
> whole lot as backing if that government collapses tommorow.
Pardon, but what does the purity of the gold have to do with who mints it?
> What's to say it isn't iron pyrite or any similar looking
> material if the government isn't there to back it?
Have you ever heard of doing an assay?
Perry
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