1 dinar is 4.25 gram gold, its not 1 ounce of gold that is 31.1 gram gold !
Very interesting. When this has been tried in the USA (having competing currencies in gold and silver parallel with federal reserve notes) the people doing it were arrested. That's probably because what the guy say here is true, silver and gold in the hands of the people represents freedom from government control and manipulation of the money supply.
People get arrested because of the legal tender laws, which make possible the machinations of a central bank and their printing of paper money. Without that force of law, people would choose a different medium of exchange over that which can be printed into oblivion.
This is what Gaddafi from Lybia tried to do, and also use it as a comon currency in an african block. Any country in the world should pay the block exportations such as oil in gold dinars and not printed paper. in other words; pay in exchange a merchandise wirh real value anywhere in the world.
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