"A letter from California, dated May 1, speaking of the discovery of gold in that country, says: They have at last discovered gold, not far from San Fernando, and gather pieces of the size of an eighth of a dollar. Those who are acquainted with these 'placeres,' as they call them,...
Long after the collapse of the empire, Roman silver coins were still used as money, because the silver in the coin itself did not depend on the issuing government for its worth. If gold has no use or utility, then why do central banks own it? Why does the US own gold and no paper...