Yes, they paid $20.00, but turned around and devalued the dollar by 40% and the price of gold was then raised to $35.00. He also destroyed crops and food while people were starving for the purpose of raising food prices.
During the 1950’s my grandparents used to give me a BIG NICKEL (it was a silver dollar) for my birthday. Mom said they had been stockpiling them in case the money ever became worthless again. She always took the coin for “safekeeping” and later we would buy something for a dollar bill. Wish I had all those big nickels now.
Those big nickels are going for over $31 each at the moment. :-)
Mom said they had been stockpiling them in case the money ever became worthless again.
As David Morgan says, "Silver is the money of last resort."