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<p>[QUOTE=&quot;funkee, post: 1910861, member: 37925&quot;]It depends if the notes are being redeemed for silver or called in similar to gold certificates in 1933. If you&#039;re referring to the first situation, the act of making SC&#039;s redeemable (for silver) is what creates the silver standard. The notes read &quot;One dollar in silver payable to the bearer on demand.&quot; That meant one could take an SC to a bank and redeem a dollar&#039;s worth of silver. FRNs and SCs circulated together for more than half a century.</p><p><br /></p><p>It would be no different today, except speculation in the precious metals market is much higher than it was during the time SCs circulated. Any statutory exchange rate set by the Treasury will be pushed up (or down) to the market price. We have a massive debt and owe money to nations like China that own large precious metal reserves and billions of FRNs. Redemption of silver will destabilize the current dollar (FRN).[/QUOTE]</p><p><br /></p>

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