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These leads me this point. If Us notes are pegged to gold of a certain value.
Say a $100 US Note being equal to $100 worth of gold that was pegged at 42.22 per ounce. Then your us note would be roughly worth 2.125 ounces of gold. When the 2.125 ounces of gold are converted to book money they need to credit that account using the current exchange rate for USD currency vs gold. Which is $866 per ounce as of this writing.
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