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Should the US Treasury infuse gold or silver paint onto its currency?
To make the dollar bill have some kind of real value instead of just an inked paper bill.
$1 and $100 bills are the same, its just the value the people put on it that make it different.
No. The problem with that is the bills would be worth more than face value and everyone with a brain would take the gold or silver and destroy the currency.
The simple answer is to back the gold by exchange. That is way the US Dollar used to be "backed by" gold. The government guarantees that if you bring them a set number of currency that they will give you a set amount of gold or silver. Much more efficient way to operate.
But, I should point out, I don't think it is a good idea -- backing currency with gold. Fiat currency is just fine.
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