Originally Posted by The Quiet Type
That doesn't even sound like an 18th-century writing style.
Not to mention the colonies have a terrible history of using paper money. It all started with Massachusetts, but soon after Rhode Island and the Carolina's adopted paper money and experienced inflation rates of 900+ percent .The British had to come over and force
the colonies to use the pound which was backed by metals in order to restore economic sanity.
Buy high, sell higher
"We said simply that we were too old to trade silver, preferring to leave this enormously volatile metal to those younger and/or more courageous than we. We abhor volatility. It is our bane, and silver defines volatility. Thus, we do not trade it and have not and will not." -Dennis Gartman