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To: crz

So we had to have ENOUGH GOLD for every dollar printed?

I took finance as a freshman in ‘86 and don’t even know if they told us that then.

Doesn’t sound like something a republican president would do.


18 posted on 07/19/2019 4:23:20 PM PDT by dp0622 (Bad, bad company Till the day I die.)
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To: dp0622

The price per ounce in the early sixties was 35 bucks to the ounce. If I remember correctly.

I havent a clue at what silver was. It was as cheap as the half dollar I suppose.

I Remember, we were taught in civics-in HIGH SCHOOL, that paying income taxes was voluntary and that the currency was backed by gold and silver.

Then came LBJ and Tricky Dicky.

Here...the state of NV is a huge producer of gold in the world. About 5 and one half million troy ounces a year.

Much of it under federal lease. Hire a producer to mine that stuff and put it in our vaults. Get back on the gold and silver standard.


22 posted on 07/19/2019 4:37:53 PM PDT by crz
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