3 ms·
because the amount of gold the government is willing to accept gives the value to the gold, not the other way around. The gold would still be denominated in som
by tathougies 7y ago
because the amount of gold the government is willing to accept gives the value to the gold, not the other way around. The gold would still be denominated in some government set standard and thus subject to governmental discernment in how much it's worth.