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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] gold is money
  • Date: Sun, 7 Dec 2008 20:06:35 EST



> >It seems that there were changes to the law in 1977 which were upheld
> which later legalized gold contracts as enforceable. Therefore gold can be
> used
> as a currency.

No. This supreme court decision is often cited by goldniks as a striking
down of the 'gold clause' but it isn't. The decision in the case involved
determined that in that case the gold was being used as a commodity and not
monetarily and so the voiding of the contract on the basis of the gold clause
did not
apply.

James




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