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<p>[QUOTE=&quot;Cloudsweeper99, post: 139264, member: 3011&quot;]The &quot;REASON&quot; why silver was eliminated from coinage is that it was hampering the ability of governments to run massive budget deficits and finance them through the various central banking systems.&nbsp; The price rise in silver was, in reality, a reflection of the debasement of the currency that was taking place.&nbsp; This forced the government to make a massive bet that they could circulate coinage with no intrinsic value and require its acceptance though a campaign of deception plus enforcement of legal tender laws.&nbsp; It worked.&nbsp; But the result is that prices at the present time are approximately 8X higher than they were in 1964.&nbsp; The more proper way to view this is that the money in your pocket has lost 85% to 90% of its purchasing power.[/QUOTE]</p><p><br /></p>

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