Re: Gold in them thar Bills...

["Perry E. Metzger" <pmetzger@lehman.com>]

Alexander Reynolds says:
> 	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. 

Pardon, but what does the purity of the gold have to do with who mints it?

> What's to say it isn't iron pyrite or any similar looking
> material if the government isn't there to back it?

Have you ever heard of doing an assay?

Perry