Why are silver and gold certs no longer valid?

rickmp · Dec 2, 2012

Emoticon said: ↑

I don't know I wouldn't mind taking a $5 silver cert down to the federal reserve bank in my town and get 5 silver eagles in exchange (they say one dollar right?! Right?!). I know this would obviously ruin them the government, but I don't know I sort of view the silver and gold certificates as a kind of contract, "I'll give you this as a voucher to take to the bank for silver". If I sign a provision-less contract with someone and it I can no longer honor that contract without a loss I'm still required to honor it unless it specifically states this contract is null when the government decides to stop making silver coins. When the fed was created it should have taken those bills back exchanged them and destroyed them like they do with high denominations when somebody is dumb enough to take one to a bank. That's kind of my frame of mind I knew you could still spend them as dollars if you wanted to.
Click to expand...

But they did honor the contract. They gave everyone ample opportunity to exchange the paper for gold and silver coin before going off of those standards. Some chose to hold the paper. Too bad for them.

Log in or Sign up to hide this ad.

Log in or Sign up

Why are silver and gold certs no longer valid?

rickmp Frequently flatulent.

Guest User Guest

Share This Page

Log in or Sign up

Why are silver and gold certs no longer valid?

rickmp Frequently flatulent.

Guest User Guest

Share This Page

Useful Searches