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New World Currency

It is my pleasure to announce the much anticipated New World Currency!  As deficits skyrocket and new paper money is printed its nice to know that there is a safety net waiting for the US Dollar in the form of Gold and Silver Eagles.  Welcome back to the gold standard friends!

     Greenspan advocated a return to the gold standard.  I must agree.  The Gold Eagle has been minted in the following denominations. 

  • 1 ounce: $50 face value
  • 1/2 ounce: $25 face value
  • 1/4 ounce: $10 face value
  • 1/10 ounce: $5 face value

    So, your "new" dollar is worth about $17.81 in current paper dollars, or 1/50th of an ounce of gold, at the time of this writing.  Conveniently the Silver Eagle has a one dollar face value and assumes the value of silver as 1/50th that of gold.  No need to mint new coins in denominations less than a dollar as the current ones will suffice. 

     This is not a matter of "if" its a matter of "when" this becomes the new accepted form of currency.  

    Currently I hold no stocks.