This is How Real Money Looks Like

 

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This was one of the gemstones I found at Yuchenco museum the last time I visited it. This used to be the paper money under US occupation when paper money was convertible into gold and silver. 

Paper money was basically a certificate for gold and silver deposited into the state's coffers. 

I don't know how they were able to deceive the people into accepting paper as money but even during the 1950s, paper money still had reminders written on it that it was legal tender, a clear indication that people back then still knew that there was something funny about using paper as money.

Today, I am hearing more people getting interested in gold as money. Is a gold standard comeback looming?

Lettering on the paper bill:

TREASURY CERTIFICATE
BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISTATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922
THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE TREASURY OF THE
PHILIPPINE ISLANDS
TWO PESOS

PAYABLE TO THE BEARER ON DEMAND
IN SILVER PESO OR IN GOLD COIN OF THE UNITED STATES
OF EQUIVALENT VALUE

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