Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
How do all the old timers feel about "silver stackers?"
>
Reply to Thread
Message:
<p>[QUOTE="TheMont, post: 2699082, member: 80121"]One small point concerning stacking. How about the number of Jewish people who had gold coins to help bribe theie way out of Nazi held territory and make it to the west? How about the policy of giving pilots gold coins to use if they were shot down over enemy territory? My parents went through the depression of the thirties (I was born late in their lives) and told me stories about how banks closed, government bonds became worthless. Roosevelt declared it was illegal for citizens to own gold and they had 30 days to turn them in for paper money. By the way, he did that because our paper money, at that time was backed by gold and silver, by calling in the gold he was able to print more money.</p><p><br /></p><p>Today our paper currency is backed by.......nothing. It is a fiat currency with the backing of the Federal Reserve System, which is not even a government agency, similar to the Post Office. Keep in mind the only Government agency that makes money and turns it in to the Treasury is the U.S. Mint.</p><p><br /></p><p>Having said the above, I only buy gold and silver coins, not rounds or bars. I do collect Casino Silver Strikes, but that's because I like them and local dealers don't, so I get them for a little above melt.[/QUOTE]</p><p><br /></p>
[QUOTE="TheMont, post: 2699082, member: 80121"]One small point concerning stacking. How about the number of Jewish people who had gold coins to help bribe theie way out of Nazi held territory and make it to the west? How about the policy of giving pilots gold coins to use if they were shot down over enemy territory? My parents went through the depression of the thirties (I was born late in their lives) and told me stories about how banks closed, government bonds became worthless. Roosevelt declared it was illegal for citizens to own gold and they had 30 days to turn them in for paper money. By the way, he did that because our paper money, at that time was backed by gold and silver, by calling in the gold he was able to print more money. Today our paper currency is backed by.......nothing. It is a fiat currency with the backing of the Federal Reserve System, which is not even a government agency, similar to the Post Office. Keep in mind the only Government agency that makes money and turns it in to the Treasury is the U.S. Mint. Having said the above, I only buy gold and silver coins, not rounds or bars. I do collect Casino Silver Strikes, but that's because I like them and local dealers don't, so I get them for a little above melt.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
How do all the old timers feel about "silver stackers?"
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...