Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Is anyone buying silver at $44.56
>
Reply to Thread
Message:
<p>[QUOTE="fatima, post: 1178234, member: 22143"]Historically this just isn't true. Coins were ONLY used by people for the first 130 years of this country and paper currency was only accepted when it was forced on people who didn't want it otherwise. (namely on both sides during the Civil War) People traded the worth of the metal. The denominations by the US government of dollars, dimes, quarters, eagles, etc were nothing more than a convenient assay from a reputable source. (the US government) During this period, people could take their gold to the US Mint, and the mint would assay it and coin it into currency, free of charge. There was no inflation during this period. Even today, a silver dollar is worth about the same in goods as it was in the 1950s. (discounting manufacturing efficiencies) A gold coin represented about a weeks worth of work, silver was a way to break it down. This system works as it has been proven for over 5000 years. It's only because of the last 100 years of fiat money being forced on people by legislation that the current generations think that it has always been this way. </p><p><br /></p><p>Now a different question is this. Is there a way for gold and silver to cover the absolutely criminal amountss of currency printed by the Federal Reserve at the behest of the corrupt government? Absolutely not and this is the dilemma. There is no way to contract the system back to something that represents the real economy without sucking billions and billions away from the very people who control all of it.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1178234, member: 22143"]Historically this just isn't true. Coins were ONLY used by people for the first 130 years of this country and paper currency was only accepted when it was forced on people who didn't want it otherwise. (namely on both sides during the Civil War) People traded the worth of the metal. The denominations by the US government of dollars, dimes, quarters, eagles, etc were nothing more than a convenient assay from a reputable source. (the US government) During this period, people could take their gold to the US Mint, and the mint would assay it and coin it into currency, free of charge. There was no inflation during this period. Even today, a silver dollar is worth about the same in goods as it was in the 1950s. (discounting manufacturing efficiencies) A gold coin represented about a weeks worth of work, silver was a way to break it down. This system works as it has been proven for over 5000 years. It's only because of the last 100 years of fiat money being forced on people by legislation that the current generations think that it has always been this way. Now a different question is this. Is there a way for gold and silver to cover the absolutely criminal amountss of currency printed by the Federal Reserve at the behest of the corrupt government? Absolutely not and this is the dilemma. There is no way to contract the system back to something that represents the real economy without sucking billions and billions away from the very people who control all of it.[/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
>
Is anyone buying silver at $44.56
>
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...