That would be a definition of fiat, albeit one that is lesser used and subsequent to the writing of the Constitution.
*shrug*, whatever, it's practical. I had a conversation along these lines recently. My buddy wants to start buying gold, because "hyper-inflation is just around the corner", and when the shit hits the fan he wants to be ready. I told him, "you don't want gold when the shtf, you want water, food, shelter." Gold is a symbol, it's value is, from a man-as-animal-first perspective, zero. Paper is in fact more useful in a pinch: clothes can be stuffed with it for insulation, and it can be used as tinder.
Well I won't argue with the utility of paper over gold...unless you are making satellite components that is.
Paper would be a lot more useful it it wasn't smeared with green ink. As for gold, it's primary function is to serve as money. Much more gold is kept in vaults as a store of value than is used in industry. Whether it's smart to buy gold at current prices is hard for me to say. I bought most of my gold when it was a lot cheaper. But I'm still holding it. None of the reasons I had for buying it have gone away. The deficits have only gotten worse, the structural imbalances have gotten more global. This isn't just an ordinary recession.
As long as the guys who grow grain and raise chickens will take your gold in exchange for those when the shtf you'll be ok. But if they'll only take fertilizer and feed for those, you're screwed. I'll give the survivalists credit for this, they know what to accumulate.
I will grant that if you believe the wheels are really going to come off the train it would be prudent to lay in a supply of food, guns, and ammo. But it won't hurt to have some gold too.
Yeah, I still want that leathern sack with gold nuggets in it. I wanna toss it on the bar and gruffly shout, "whiskey! and leave the bottle!"
You're seriously delusional to equate military operations of the United States and Israel (and their collateral damage) with Islamofascist terrorism. Was killing bin laden terrorism? Was capturing Khalid Sheikh Mohammed terrorism? Is going after those who harbored/supported attacks on us terrorism? Do we deliberately target civilian aircraft? Do we train children to be suicide bombers to go after innocents? You're an idiot. P.S. We're not harboring/supporting terrorists who crashed planes into Chinese buildings.
You moron, Section 10 limits the STATES, not the federal government. Based on Section 10 alone the states could accept ratshit as tender in payment of debts if the federal gov't authorized it. Show me where the federal government is limited to gold and silver. You can't because it's not.
Do you seriously think it's as simple as that? Your ethnocentric template is naive, not to mention extremists could gain control or, Iran could hand them off and claim that. Hope is not a method. You're also wrong that "Iran owning nukes would take away America's or Israel's option of unilaterally nuking Iran some day" for the simple reason that the U.S. or Israel could nuke Iran out of existence before they could respond.