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<p>[QUOTE="JoeSmith, post: 576580, member: 18021"]I've heard people say this. I don't agree. If you offer me dollars for something I own, I don't HAVE to sell it to you. Paper dollars are only useful if someone is willing to accept them as payment. They can be used to pay taxes, but thats the only thing they're gauranteed for. There are many examples I could cite. German paper money was used to burn for heat, because the heat they produced was more than the heat produced by firewood purchased with the paper money. On the other hand, German silver coins from the same time are STILL valuable, because they're silver. Silver doesn't have to be backed by anything, because silver IS something. </p><p><br /></p><p>I'm afraid our fiat money will go the same route as German paper money, and many other paper currencies. I believe this will happen here in the USA, within the next 7 years.</p><p><br /></p><p>I certainly hope I'm wrong, but I'm in the market for silver coins. (I already have some gold).[/QUOTE]</p><p><br /></p>
[QUOTE="JoeSmith, post: 576580, member: 18021"]I've heard people say this. I don't agree. If you offer me dollars for something I own, I don't HAVE to sell it to you. Paper dollars are only useful if someone is willing to accept them as payment. They can be used to pay taxes, but thats the only thing they're gauranteed for. There are many examples I could cite. German paper money was used to burn for heat, because the heat they produced was more than the heat produced by firewood purchased with the paper money. On the other hand, German silver coins from the same time are STILL valuable, because they're silver. Silver doesn't have to be backed by anything, because silver IS something. I'm afraid our fiat money will go the same route as German paper money, and many other paper currencies. I believe this will happen here in the USA, within the next 7 years. I certainly hope I'm wrong, but I'm in the market for silver coins. (I already have some gold).[/QUOTE]
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