Competing Currencies?

[Dr.3D]

Competing currencies is a great idea. A return to the gold standard is not.

By the way, what they are doing to the Liberty Dollar company is pathetic, but if you thought that was a "competing" currency then you are wrong. Even with the ridiculous inflation of FRN's, even they maintanied value better than Liberty Dollar coins that you paid $25 or $50 for when they were only worth $15-$19 in metal.

*sighs*
Every metal backed currency is supposed to have a face value that is higher than the value of the metal backing it. If this was not the case, people would be melting down the currency and selling it, rather than using the currency. The problem is the counterfeit paper currency (FRN) being used to purchase the valuable silver currency.