Gold and silver were such a powerful money during the founding of the united states of America that the founding fathers declared that only gold or silver coins can be 'money' in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute.
People traded their coupons as money, or 'currency.' Currency is not money, but a money substitute.
Redeemable currency must promise to pay a dollar equivalent in gold or silver money.
Federal Reserve Notes (FRNs) make no such promises and are not 'money.'
A Federal Reserve Note is a debt obligation of the federal United States Government, not 'money.'
The federal United States Government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money - gold and silver coin.
LSG only needs to follow-through at this point. If it meets its guidance for Q3 and Q4 demonstrating net positive cash-flow if gold is at 1250-1300 things will imo fly from there. Why? Obviously the debt overhang could start to be dealt with, but if gold move significantly higher into the end of the year and LSG's all-in sustaining costs do work out to the area of their guidance (1200 +/-) then LSG would also be positioned to look at some of the cap ex for growth that it put on hold when it refocused on the profitability milestones it is now approaching. I am still thinking that it will take 2 to 4 quarters of good numbers before LSG starts to regain the trust of mainstream institutional investment the popularity with which is what had driven it from a $2 to $4 stock a couple years back, and of course the popularity of gold equities with these investment houses needs to get some of its shine back also. If all those stars align, which I do not see as at all improbable, LSG could bring in the higher bag numbers. by gharma thanks good info -
News 
Market Data 
Discover 
