Re: Gold in them thar Bills...

[Alexander Reynolds <chrome@jhunix.hcf.jhu.edu>]

> Be this as it may, electronic money depends on _reputation_, on the
> expectation that a depositor or payee will get what he thinks he will,
> whether in gold, in dollars, in francs, in Safeway discount coupons,
> or in Get Out of Jail Free cards.

	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. 
What's to say it isn't iron pyrite or any similar looking
material if the government isn't there to back it?  Anything to say on this,
Perry?  

-Alex Reynolds