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Chinese set to back the Yuan with gold... new world reserve currency?
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<p>[QUOTE="medoraman, post: 1622053, member: 26302"]John, just one notion I would put in your head. If the US wanted silver for an important purpose, isn't all of those ASE's just sitting around? What about all other silver coins, silver tea sets, etc etc.</p><p><br /></p><p>The US wanted a gold reserve so simply took it from the population in 1933. I guess I cannot see why it would HAVE to be "different" this time.</p><p><br /></p><p>When they talk about "physical reserves" of silver, they NEVER count all of the coins, tea sets, silverware, etc laying around. How are these not meltable silver? We are making tens or hundreds of millions of more ounces of these every single year. If I were a conspiracy theorist, I would say the US is intentionally buliding a silver reserve in the form of ASE's in collectors hands........[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1622053, member: 26302"]John, just one notion I would put in your head. If the US wanted silver for an important purpose, isn't all of those ASE's just sitting around? What about all other silver coins, silver tea sets, etc etc. The US wanted a gold reserve so simply took it from the population in 1933. I guess I cannot see why it would HAVE to be "different" this time. When they talk about "physical reserves" of silver, they NEVER count all of the coins, tea sets, silverware, etc laying around. How are these not meltable silver? We are making tens or hundreds of millions of more ounces of these every single year. If I were a conspiracy theorist, I would say the US is intentionally buliding a silver reserve in the form of ASE's in collectors hands........[/QUOTE]
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