Thursday, January 17, 2019 12:11:05 AM
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
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