1993-10-21 - Re: Gold in them thar Bills…

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From: “Perry E. Metzger” <pmetzger@lehman.com>
To: cypherpunks@toad.com
Message Hash: 4b14a27fa5599795f407adbca580df79caa527555f7440603761738642974171
Message ID: <9310212015.AA22256@snark.lehman.com>
Reply To: <Pine.3.05.9310211503.A2512-a100000@jhunix.hcf.jhu.edu>
UTC Datetime: 1993-10-21 20:18:01 UTC
Raw Date: Thu, 21 Oct 93 13:18:01 PDT

Raw message

From: "Perry E. Metzger" <pmetzger@lehman.com>
Date: Thu, 21 Oct 93 13:18:01 PDT
To: cypherpunks@toad.com
Subject: Re: Gold in them thar Bills...
In-Reply-To: <Pine.3.05.9310211503.A2512-a100000@jhunix.hcf.jhu.edu>
Message-ID: <9310212015.AA22256@snark.lehman.com>
MIME-Version: 1.0
Content-Type: text/plain

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?