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Supply and Demand states that Silver must rise in the long term?
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<p>[QUOTE="fatima, post: 1393811, member: 22143"]Indeed. This is why I've mostly concluded that debating a topic with you is a waste of my time. You persist with these pointless questions and personal anecdotes as proof. However in hopes that I am wrong, I will try and answer your questions. On item 1, the US Mint was created in 1792 where the $ was defined in grains of silver and they of course minted silver coinage. They were also authorized to mint gold $s out of bullion brought in by people who wanted it coined. They provided this service free of charge. As I've said many times above, it was a government assay. Nothing more, nothing less. This has been mentioned many times directly to you on this forum so I can conclude there is only one reason you ask such a question. </p><p><br /></p><p>On your second point, you are offering nothing but an opinion here. When presented with evidence to the contrary, you first characterized it as nothing more than the efforts of a small territorial mint (all mints were territorial in those days, luv) then when shown this was wrong, you simply state that it's rewriting the past. This along with several attempts to get me to state something that is historically incorrect really does us a disservice. Believe what you wish, but it does prove what you stated above, that is that government's imbue coins with some sort of special, but which can't be put into words, special properties, is simply wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1393811, member: 22143"]Indeed. This is why I've mostly concluded that debating a topic with you is a waste of my time. You persist with these pointless questions and personal anecdotes as proof. However in hopes that I am wrong, I will try and answer your questions. On item 1, the US Mint was created in 1792 where the $ was defined in grains of silver and they of course minted silver coinage. They were also authorized to mint gold $s out of bullion brought in by people who wanted it coined. They provided this service free of charge. As I've said many times above, it was a government assay. Nothing more, nothing less. This has been mentioned many times directly to you on this forum so I can conclude there is only one reason you ask such a question. On your second point, you are offering nothing but an opinion here. When presented with evidence to the contrary, you first characterized it as nothing more than the efforts of a small territorial mint (all mints were territorial in those days, luv) then when shown this was wrong, you simply state that it's rewriting the past. This along with several attempts to get me to state something that is historically incorrect really does us a disservice. Believe what you wish, but it does prove what you stated above, that is that government's imbue coins with some sort of special, but which can't be put into words, special properties, is simply wrong.[/QUOTE]
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