...still trying to learn/follow, so thank you for responding again.

You say the coins belong to the people but the fiat belongs to the central bank. Aren't the coins fiat?

Maybe an example would help me. What do you base your opinion on that people would accept 4 clad quarters (=$1) for something someone else would have to pay higher the $100 for you mentioned? What else would someone pay with that they'd actually have to pay $100? How do you determine the exchange 100/1? -ie what base do you use?

With silver or gold, there's the metal value as the base. Premiums vary but few can argue the spot price.... well, what the banks claim the current value is. LOL. We can definitely argue it should be higher! :)

I have to admit the $10 in clad for 1/10 doesn't hurt my feelings (makes me want to stack more 1/10s). Because if $1 clad =$100, then $10 clad = $1000. That means $10k gold. What could cause the gold price makes me sad, but hoping it's more of a supply/demand is acceptable.

Thanks again.