Your audio recording was called to my attention shortly after I published this blog essay: http://joecobb.com/ proposing a parallel gold currency. The US Congress already created "gold dollars" as 1/50th troy ounce. See 31 USC 3112(a)(7) and 3112(q). These gold dollars are legal tender under 31 USC 5103.
You should also be aware the United Precious Metals Assn. www.UPMA.org in Utah already issues "gold dollar" deposit accounts and storage of bullion as (100%) reserves and they offer members a Visa card to spend their gold holdings locally in local currencies.
My new essay was just published but I gave an scholarly paper at the George Mason University Center for the Study of Public Choice about this gold-as-official-parallel-currency idea in 1984 and I was the author of the statute 99-175 (Dec.17, 1985) that created the gold bullion coins of the United States, now in 31 USC 5112(a)(7).
Welcome to the advocacy of a parallel gold coin (bullion) standard for the future United States government.
Your audio recording was called to my attention shortly after I published this blog essay: http://joecobb.com/ proposing a parallel gold currency. The US Congress already created "gold dollars" as 1/50th troy ounce. See 31 USC 3112(a)(7) and 3112(q). These gold dollars are legal tender under 31 USC 5103.
ReplyDeleteYou should also be aware the United Precious Metals Assn. www.UPMA.org in Utah already issues "gold dollar" deposit accounts and storage of bullion as (100%) reserves and they offer members a Visa card to spend their gold holdings locally in local currencies.
My new essay was just published but I gave an scholarly paper at the George Mason University Center for the Study of Public Choice about this gold-as-official-parallel-currency idea in 1984 and I was the author of the statute 99-175 (Dec.17, 1985) that created the gold bullion coins of the United States, now in 31 USC 5112(a)(7).
Welcome to the advocacy of a parallel gold coin (bullion) standard for the future United States government.