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Clearly it wouldn't be practical to mint platinum coins at the current price. Instead, they would profit from the difference as they debase the dollar. Therefor
by aww_dang 5y ago
Clearly it wouldn't be practical to mint platinum coins at the current price. Instead, they would profit from the difference as they debase the dollar. Therefore the total obligations become important in the calculation. The weight of the coins would become the new USD valuation in this scenario. A 'backstop' as I mentioned above.
- Geee 5y agoI'm not really sure that you are suggesting, but if they were 'reasonable', then the coin should actually be valued at the platinum's current price. That's how money is supposed to work.