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Why Silver is a GOOD investment!; Silver Backed Currency Vs Fiat
Topic Started: Sep 20 2008, 10:03 PM (490 Views)
Ministry of Truth
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I have been trying to explain to people as of late why Silver is ALWAYS a good investment. The recent stock market and banking issues have made people worry so this comes late from me, but necessary.

In 1916 a Roll of Dimes (50 Dimes Backed by Silver) had a purchasing power of about $44.78.
In 2008 a Roll of Dimes (50 Dimes Backed by Fiat) has a purchasing power of about $0.90.

As you can simply see a Loaf of Bread only cost a Dime in 1916 because backed Currency is Simply worth More.

Fiat Dimes are made of Copper and Nickel. Backed Dimes are made of Silver and Nickel. The actual Buying Power of Silver has gone up since 1916 but the without Silver Backing to Buying Power of the Dollar has Gone Down. A Roll of 50 Fiat Dimes of Course has a Fiat Value of $5, but if the Fiat fails they only have a Melt Value of $0.90 cents. Now with the Silver they have a Fiat Buying Power of $5 and a Melt Value of $44.78. If the Fiat Fails the melt Value of Silver will go up exponentially from that, based proportionately to the Inflation Tax, Deficit and Market Base Currency.

Useful Sited to Help you:
Kitco - A Good Place for Silver Quotes
Fiat Coin Melt Value Calculator
Silver Backed Coin Melt Value Calculator

Please add any links, videos and other resources, people need to understand that Stock Certificates on a Failed Market are only worth the paper they are printed on, forever. Silver is always worth Silver forever and it is based completely on Resource Demand, as resources diminish, the demand goes up and so does it's value.
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theropingeffect
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bellinghammer

Isn't it illegal to destroy US currency (i.e. melt coins down to their original elements)?
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markedson
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Hmmm. So you're saying that what the Fed is doing is illegal? The destroying our currency part that is. Not just the unconstitutional issue of it's existence :)
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Ministry of Truth
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The United States no Longer has its own Currency, it is the property of the FED, all former US Coins are no Longer Considered Property of the US, they are either removed from Circulation or relinquished to the FED to be reprocessed.

And Yes, what The FED is Doing is Illegal in the Manner that it is destroying OUR Currency by One Pulling it from Circulation and Two but Devaluing it.

US Currency is supposed to be set based on a System of Weights and Measures, so Melting Coin down wouldn't change the Value of the Currency. After all no matter what it looks like an Ounce of Silver is Still and Ounce of Silver.

The Oddity, modernly is Coin and Bullion Cannot be taxed but any FED Fiat gained from trading, buying, selling etc is Taxed. The Best way to avoid this is to Keep everything in Usury Form, Sell Silver for something you need, buy silver with Fiat and WIN!
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theropingeffect
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