$3.37 Gas & $3.58 Diesel - Thrilled.

ccsial · Feb 17, 2011

John47 said:
One ounce of gold minted into a coin is 50 REAL dollars.

One ounce of gold minted into an American Eagle coin is worth $1,440.

dcyrilc · Feb 17, 2011

ccsial said:
One ounce of gold minted into an American Eagle coin is worth $1,440.

Isn't an Eagle 1/2 oz?

ccsial · Feb 18, 2011

Eagles are available in 1oz 1/2oz 1/4oz and 1/10oz.

http://www.blanchardonline.com/blan...=18882843662&gclid=CNS2zKOlgJQCFQoDGgodcXFCVg

dcyrilc · Feb 18, 2011

ccsial said:
Eagles are available in 1oz 1/2oz 1/4oz and 1/10oz.

Gold American Eagle, Buy Gold Eagle Coins Online – Blanchard and Company, Inc.

Thanks for the clairification. I was really confused until I followed the link.

I was thinking of the Eagle $10 gold coin. The pic is of the (2) 1/4 Eagles I own which at face value are worth 2-1/2 Dollars each.

One was minted in 1909 and the other in 1913.

Redneck in training · Feb 18, 2011

Ductape said:
I'm not sure I understand what you are saying. So, you feel that it would be better if peoples incomes would be taxed at 90% and that would save jobs ??

The tax applied if you kept the money in the bank. If you invested the money you didn't pay the tax. The tax forced people to invest and investment creates job. It was probably more complicated but this is how it was suppose to work something like that I am guessing.

John47 · Feb 18, 2011

ccsial said:
One ounce of gold minted into an American Eagle coin is worth $1,440.

But only worth 50 REAL dollars. FRN's are worthless pieces of paper which are classed as "fiat money" ie not backed by anything except a worthless promise!!

When paper is backed by precious metal, inflation is virtually eliminated. The only problem is Banks can't get rich!!

John47 · Feb 18, 2011

Sorry, I was thinking the Eagle was one pure ounce, which would be $50, one ounce of silver as a coin is one dollar, in REAL money.

ccsial · Feb 19, 2011

John47 said:
But only worth 50 REAL dollars. FRN's are worthless pieces of paper which are classed as "fiat money" ie not backed by anything except a worthless promise!!

When paper is backed by precious metal, inflation is virtually eliminated. The only problem is Banks can't get rich!!

All due to fractional reserve banking. I'd like the gold standard back. It's never going to happen though.

bp fick · Feb 19, 2011

John47 said:
Sorry, I was thinking the Eagle was one pure ounce, which would be $50, one ounce of silver as a coin is one dollar, in REAL money.

A one ounce pure silver .9999 coin is worth $32+ today. Silver hit a 30 year high yesterday. The denomination "value" stamped on a pure gold or pure silver coin is merely a vestige mark from back in the day.

Gold/silver vary from day to day, just like corn, oil or any other commodity, but because they're commodities, they aren't likely to ever be worth nothing.

John47 · Feb 19, 2011

bp fick said:
A one ounce pure silver .9999 coin is worth $32+ today. Silver hit a 30 year high yesterday. The denomination "value" stamped on a pure gold or pure silver coin is merely a vestige mark from back in the day.

Gold/silver vary from day to day, just like corn, oil or any other commodity, but because they're commodities, they aren't likely to ever be worth nothing.

The value of the Dollar is set by law under the Constitution, which is 1ounce of pure silver=$1 dollar, 1 ounce of Gold=$50.

Those pieces of paper we call money are correctly titled Federal Reserve Notes marked with denominations in "Dollars"

They are NOT Dollar's, or 20 Dollar notes.

I agree it's fractional banking that's led to what we have. But a real Dollar = approx 32 FRN Dollar bills.