Where are silver and gold going? History and current explained here.

Silver Bear Cafe ^ | 11-20-10 | Kenneth Parsons, aka Johnny Silver Bear

[ExSES]

Interesting rounds! Like their ancestor, the Spanish Milled Dollar (AKA "Pieces of Eight" since they were often cut into 1/8s for transactions), these rounds are set up to become "Pieces of Four"!!!

"Pieces of Eight" were commonly used as currency in the USA throughout the early 1800s and only ceased as such when sufficient U.S. coinage was in circulation!

[CincyRichieRich]

Cincy

“If those folks control the military, then their wishes get done”

A clearer picture of the degree to which our military command has been co-opted is at hand in the sparsely covered fortunes of one Lt Colonel Terry Lakin. If you listen real close, the silence you hear may be thunder.

Rab

---

Who is Lt. Colonel Terry Lakin?

[politicket]

So, they may indeed be (presently) inflation driven commodities, but they could still become the de facto currency if things get bad enough. A scenario which is morphing from possible to probable.

That won't happen in my opinion.

Our currency will become very high in demand during a major deflationary downturn that isn't artificially propped up by the Federal government taking out enormous amounts of debt.

I don't believe we'll see a gold or silver backed currency again. The bankers now own something much more valuable than chunks of metal - claims on our future labor.

[politicket]

So, they may indeed be (presently) inflation driven commodities, but they could still become the de facto currency if things get bad enough. A scenario which is morphing from possible to probable.

That won't happen in my opinion.

Our currency will become very high in demand during a major deflationary downturn that isn't artificially propped up by the Federal government taking out enormous amounts of debt.

I don't believe we'll see a gold or silver backed currency again. The bankers now own something much more valuable than chunks of metal - claims on our future labor.

[rickb308]

I guess I have a spatial relationship problem. They are 39mm. They were bigger & heavier than I expected. Pretty cool stuff.

[Doogle]

..what I was thinking and what I wrote....*smiles*

[ChildOfThe60s]

I don't believe we'll see a gold or silver backed currency again.

I don't see that either. No, what I am concerned is becoming a genuine possibility is a collapse of such severity that metals become the medium of exchange. Not simply backing for paper money.

[plsjr]

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