Montana at it again: House Bill to Conduct Business in Gold

**archangel689** · March 18th, 2009, 02:22 PM

http://www.flatheadbeacon.com/articl..._in_gold/8963/

http://wnd.com/index.php?fa=PAGE.printable&pageId=92000

David Hart, former Montana state coordinator for presidential candidate Ron Paul, sent out an e-mail Tuesday urging support for House Bill 639, which would allow the state of Montana to "conduct various financial transactions in gold."

The bill, introduced by Rep. Bob Wagner, R-Harrison, may face a committee vote this week, according to Hart. WorldNetDaily.com, a popular conservative Web site, published a story on the legislation, under the headline: "State considers return to gold, silver dollars."

**Bug44** · March 18th, 2009, 02:26 PM

hmmm... Is this good or bad? I know it was a good system when we had the gold... But now we dont... where are they getting the gold?

**Bug44** · March 18th, 2009, 02:28 PM

Lets "conduct various financial transactions in Ritz cheese crackers."

**ChamberedRound** · March 18th, 2009, 03:12 PM

Originally Posted by Adam M Geer

hmmm... Is this good or bad? I know it was a good system when we had the gold... But now we dont... where are they getting the gold?

They could convert the currency they hold into gold and silver coin, and once the conversion is complete use it for transactions.

**phillyd2** · March 18th, 2009, 03:36 PM

Originally Posted by Adam M Geer

hmmm... Is this good or bad? I know it was a good system when we had the gold... But now we dont... where are they getting the gold?

hmmm, actually not so good then either but hey who cares about facts especially when they interfere with a good bumper sticker slogan, right?

**son of the revolution** · March 18th, 2009, 03:59 PM

Originally Posted by phillyd2

hmmm, actually not so good then either but hey who cares about facts especially when they interfere with a good bumper sticker slogan, right?

????? Whats " not so good " about going back on the Gold Standard ?
It worked fine until Nixon eliminated it in '71 . Being tied to the Gold Standard today would prevent the Fed from printing all the money they want , which floods the market and devalues the currency .

**adymond** · March 18th, 2009, 04:01 PM

Originally Posted by son of the revolution

????? Whats " not so good " about going back on the Gold Standard ?
It worked fine until Nixon eliminated it in '71 . Being tied to the Gold Standard today would prevent the Fed from printing all the money they want , which floods the market and devalues the currency .

The problem is even if we are on the gold standard there are still ways to manipulate the value of gold. That's why it is better to hold tangible gold and not "paper" gold.