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Mike Maharrey: Support sound money by reviving gold clause contracts
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, July 26, 2024
One of the ways the government maintains its fiat money system is by throwing up legal and regulatory roadblocks to those wanting to use real money such as gold and silver. Reviving the use of gold clause contracts removes one of those barriers.
The principle behind a gold clause contract is simple. It requires that payment must be made in a specific amount of gold or its paper equivalent. For example, a mortgage might stipulate that repayment must be in the form of 30 ounces of gold.
Gold clauses protect the parties to a contract from currency debasement. ...
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