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199 years to break even ? zero correlation between silver the dollar and inflation
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<p>[QUOTE="medoraman, post: 1679723, member: 26302"]First, the bimetallic system was inflationary. Please read your history and why Bryant created his "Cross of Gold" speech. </p><p><br /></p><p>Second, the "worthless paper" is the PREFERRED money of most humans. Please look at how very few silver dollars ever circulated. No one was "duped" into using currency, they DEMANDED IT. Look at polls today, and see why our politicians do not get rid of the $1 bill. Overwhelmingly, the public WANTS paper money, and do not want coins. I don't give a dang whether the coins are silver, gold, or kryptonite, people prefer using paper for money. To say the government "tricked" people into using paper currency to me is simply a lie made up to justify your own supreme belief in both PM and some grand conspiracy. Please show me an example of anywhere in the world where paper and coins are the same denomination, and people prefer to use the coins over paper.</p><p><br /></p><p>Third, I simply disagree about your numbers about silver depletion. We are mining more silver every year than is physically destroyed through industry. Every year, hundreds of millions more ounces are above ground than has ever been. Yes, they might be in the shape of ASE, maple leaves, or silver tea sets, but its ABOVE GROUND SILVER that can be melted and used at any time. To say we are "running out" of silver is simply hyperbole created to justify higher PM purchases IMHO.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1679723, member: 26302"]First, the bimetallic system was inflationary. Please read your history and why Bryant created his "Cross of Gold" speech. Second, the "worthless paper" is the PREFERRED money of most humans. Please look at how very few silver dollars ever circulated. No one was "duped" into using currency, they DEMANDED IT. Look at polls today, and see why our politicians do not get rid of the $1 bill. Overwhelmingly, the public WANTS paper money, and do not want coins. I don't give a dang whether the coins are silver, gold, or kryptonite, people prefer using paper for money. To say the government "tricked" people into using paper currency to me is simply a lie made up to justify your own supreme belief in both PM and some grand conspiracy. Please show me an example of anywhere in the world where paper and coins are the same denomination, and people prefer to use the coins over paper. Third, I simply disagree about your numbers about silver depletion. We are mining more silver every year than is physically destroyed through industry. Every year, hundreds of millions more ounces are above ground than has ever been. Yes, they might be in the shape of ASE, maple leaves, or silver tea sets, but its ABOVE GROUND SILVER that can be melted and used at any time. To say we are "running out" of silver is simply hyperbole created to justify higher PM purchases IMHO.[/QUOTE]
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