Why don’t we just avoid paper currency and return to gold and silver coin?
NESARA reintroduces gold and silver coin back into circulation. However, the main reason for not returning solely to gold and silver coin is practicality. Consider the following numbers. The M1 money supply is approximately $1.1 trillion and the amount of gold on deposit is approximately 261 million ounces. Assume converting into gold coin every M1 dollar in circulation, whether paper currency or bookkeeping digits (checkbook money). If you divide the total ounces of gold by M1 dollars in circulation, you arrive at 0.000237 ounces of gold representing one dollar. At such miniscule amounts of metal, think how small a coin would represent one dollar. How about 50 cents? 25 cents? A dime? Of course, we could use base metals to provide the bulk of the coin metal content, but how would anybody ever verify that any given coin actually contained the proper amount of gold, especially at such small amounts? The reason precious metal coins have reeded edges is to discourage shaving a coin. Any r
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