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<p>[QUOTE=&quot;InfleXion, post: 1679992, member: 29012&quot;]Medoraman, the cross of gold speech was in 1896. If you had read what I posted the bi-metallic standard was undermined beginning in 1792. A hundred years of fixing the GSR in defiance of free market forces will cause strange things to happen which were not the result of the bi-metallic standard but rather the result of rigging the ratio. You may feel free to disagree with the Silver Institute&#039;s numbers about silver supply (not my numbers), but I will go ahead and continue to listen to the experts. I never said silver was running out, I said supply was being depleted. This is absolute fact. Look at the government stockpile numbers, zero. They can&#039;t even keep up with ASE demand this year. Last year they made more silver eagles alone than silver is mined in the US in a year which is contrary to the law that enacted the eagles in that they could only be minted with silver from our own land. </p><p><br /></p><p>I have no issue with paper currency when backed by metal. I take issue with debt based fiat currency. A debt based currency would not be achievable with a bi-metallic standard using a free market exchange ratio because an inferior debt based currency could only be successfully substituted for gold in the absence of a competing superior metal standard, otherwise everyone would stick with the money that isn&#039;t being devalued and fiat would fail. So in order for that to reach fruition first silver had to be removed from the equation, as I stated by Gresham&#039;s Law, due to the rigging of the GSR. It was a very calculated plan, and isn&#039;t so hard to grasp. What is hard is for people to remember longer than the average human life span which is why we need to be students of history.&nbsp; </p><p><br /></p><p><br /></p><p>NorthKorea, I&#039;ve never once said fiat was worthless. I only buy from trusted sources, so not really interested in yours. I bought about 20 ounces this week, and around 30 last month at 28 and change. I have no issue putting my money where my mouth is.[/QUOTE]</p><p><br /></p>

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