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<blockquote data-quote="MacFromOK" data-source="post: 3116031" data-attributes="member: 40864">I don&#039;t necessarily agree. We&#039;d have to have some form of currency to exchange. Do you actually think everyone would immediately set their money on fire?I wouldn&#039;t.&quot;Backed by the Federal government&quot; has little meaning when there&#039;s no alternative. Our paper currency is largely faith-based already.In the grand scheme of things, folks with real gold/silver on hand will be a minute percentage (and possibly in great peril because of it). But even the average Joe has some idea of what a US dollar can buy.Sheesh, some of the earliest currencies on record were stones and seashells (backed by nothing whatsoever).Just my two cents. <img src="/images/smilies/new/drunk.gif"&nbsp; class="smilie" loading="lazy" alt=":drunk2:" title="Drunk 2&nbsp; &nbsp; :drunk2:" data-shortname=":drunk2:" />EDIT: Btw, paper money has a built-in intrinsic value because of the effort required to obtain it. <img src="/images/smilies/wink.png"&nbsp; class="smilie" loading="lazy" alt=";)" title="Wink&nbsp; &nbsp; ;)" data-shortname=";)" /></blockquote>

[QUOTE="MacFromOK, post: 3116031, member: 40864"] I don't necessarily agree. We'd have to have some form of currency to exchange. Do you actually think everyone would immediately set their money on fire? I wouldn't. "Backed by the Federal government" has little meaning when there's no alternative. [i]Our paper currency is largely faith-based already.[/i] In the grand scheme of things, folks with real gold/silver on hand will be a minute percentage (and possibly in great peril because of it). But even the average Joe has some idea of what a US dollar can buy. Sheesh, some of the earliest currencies on record were stones and seashells (backed by nothing whatsoever). Just my two cents. :drunk2: [b]EDIT:[/b] Btw, paper money has a built-in intrinsic value because of the effort required to obtain it. ;) [/QUOTE]

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