Thursday, January 17, 2019 12:11:05 AM
How California stayed with gold when the rest of the U.S. adopted fiat money -J.P. Koning:
Submitted by cpowell on 02:15AM ET Thursday, January 17, 2019.
Section: Daily Dispatches
9:15p ET Wednesday, January 16, 2019
Dear Friend of GATA and Gold:
Bullion Star's J.P. Koning tonight reviews early California's attachment
to gold as money and its rejection of the U.S. national government's
fiat currency "greenbacks" during the Civil War.
Koning concludes that the primary determinant of currency use is
whatever most people are using, even if the majority's currency is
steadily devaluing.
Koning's analysis is headlined "How California Stayed with Gold
When the Rest of the U.S. Adopted Fiat Money" and it's posted
at Bullion Star here:
https://www.bullionstar.com/blogs/jp-koning/how-california-stayed-with-gold-when-the-rest-of-the-u-s-adopted-fiat-money/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Submitted by cpowell on 02:15AM ET Thursday, January 17, 2019.
Section: Daily Dispatches
9:15p ET Wednesday, January 16, 2019
Dear Friend of GATA and Gold:
Bullion Star's J.P. Koning tonight reviews early California's attachment
to gold as money and its rejection of the U.S. national government's
fiat currency "greenbacks" during the Civil War.
Koning concludes that the primary determinant of currency use is
whatever most people are using, even if the majority's currency is
steadily devaluing.
Koning's analysis is headlined "How California Stayed with Gold
When the Rest of the U.S. Adopted Fiat Money" and it's posted
at Bullion Star here:
https://www.bullionstar.com/blogs/jp-koning/how-california-stayed-with-gold-when-the-rest-of-the-u-s-adopted-fiat-money/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Recent NGT News
- Gold Mining Stocks Poised for Windfall as Prices Top $4,000 Per Ounce • PR Newswire (US) • 10/09/2025 03:00:00 PM
- Gold Surges Past $3,650 on Fed Cuts and Central Bank Demand • PR Newswire (Canada) • 09/18/2025 01:15:00 PM
- Gold Surges Past $3,650 on Fed Cuts and Central Bank Demand • PR Newswire (US) • 09/18/2025 01:15:00 PM
- Gold Surges Past $3,650 on Fed Cuts and Central Bank Demand • PR Newswire (US) • 09/18/2025 01:15:00 PM
- A New Mining Model Built for Speed, Scale and Profit • InvestorsHub NewsWire • 07/17/2025 01:00:00 PM
- A New Mining Model Built for Speed, Scale and Profit • PR Newswire (US) • 07/17/2025 12:30:00 PM
- A New Mining Model Built for Speed, Scale and Profit • PR Newswire (Canada) • 07/17/2025 12:30:00 PM
- A New Mining Model Built for Speed, Scale and Profit • PR Newswire (US) • 07/17/2025 12:30:00 PM
- Peru’s Precious Metals Powerhouses: Why Investors Should Watch This Gold-Silver Sleeper Stock • AllPennyStocks.com • 06/04/2025 12:27:00 PM
- Newmont Announces a Decrease in its Holdings of Discovery Silver Corp. • PR Newswire (Canada) • 05/10/2025 12:01:00 AM

