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<p>[QUOTE="fatima, post: 1576964, member: 22143"]Yes, and you don't know your history and particularly fascinating for this subject on a coin forum as well. Everyone should know that during the depression dimes, quarters, halve dollars and dollar coins were all made of silver and used for daily commerce. Paper dollars issued by the US government were still silver certificates. Any of this coinage could be directly exchanged for a measure of silver grains. So yes people were trading silver "trinkets" for food on the streets. They did not use gold because the government forbid them to do so. </p><p><br /></p><p>On your second point, all the silver certificate dollars were made invalid for silver redemptions in 1968. So this is a case where the paper became worthless as it could no longer be redeemed for the asset it represented. </p><p><br /></p><p>While PM currency may or may not be suitable for the 21st century (history isn't on your side BTW) the first requirement for being analytical and logical is to first understand the existing facts and data. This is something you have apparently not done. You mention "opinions" and I would suggest that calling people who disagree with your faulty analysis "fan boys" is the dismissal of fact with opinion. There isn't anything logical and analytical about that.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1576964, member: 22143"]Yes, and you don't know your history and particularly fascinating for this subject on a coin forum as well. Everyone should know that during the depression dimes, quarters, halve dollars and dollar coins were all made of silver and used for daily commerce. Paper dollars issued by the US government were still silver certificates. Any of this coinage could be directly exchanged for a measure of silver grains. So yes people were trading silver "trinkets" for food on the streets. They did not use gold because the government forbid them to do so. On your second point, all the silver certificate dollars were made invalid for silver redemptions in 1968. So this is a case where the paper became worthless as it could no longer be redeemed for the asset it represented. While PM currency may or may not be suitable for the 21st century (history isn't on your side BTW) the first requirement for being analytical and logical is to first understand the existing facts and data. This is something you have apparently not done. You mention "opinions" and I would suggest that calling people who disagree with your faulty analysis "fan boys" is the dismissal of fact with opinion. There isn't anything logical and analytical about that.[/QUOTE]
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