Chart usGOLD   Chart usSILVER  
 
Food for thought
Subsidies cause rentseeking
Anonymous  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1287.220.58
Silver 19.460.00
Platinum 1416.70-2.80
Palladium 905.401.50
WORLD MARKETS
DOWJONES 1709815
NASDAQ 458023
NIKKEI 1547752
ASX 56295
CAC 40 4380-1
DAX 94799
HUI 2463
XAU 1021
CURRENCIES (€)
AUS $ 1.4064
CAN $ 1.4271
US $ 1.3125
GBP (£) 0.7904
Sw Fr 1.2072
YEN 136.9840
CURRENCIES ($)
AUS $ 1.0716
CAN $ 1.0871
Euro 0.7619
GBP (£) 0.6022
Sw Fr 0.9195
YEN 104.3410
RATIOS & INDEXES
Gold / Silver66.15
Gold / Oil13.44
Dowjones / Gold13.28
COMMODITIES
Copper 3.140.00
WTI Oil 95.741.19
Nat. Gas 4.050.00
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
In the same category
When Central Banks Re-build Silver Reserves
From the Archives
Originally published November 04th, 2012
172 words - Reading time : less than a minute
( 8 votes, 4.4/5 ) , 1 commentary Print article
 
    Comments    
Tweet
Keywords :   Bullion | Government | Silver | Socialist |

 

 

 

 

It's useful to know the silver reserves of central banks at one time in history. This is a FRB Bulletin from 1923. At one time, say up until the early 1960s the US Treasury held as much as 4 BILLION ounces, as I recall. Now, the Treasury is without any = ZERO! It cost us every last ounce to try and stem the run on the dollar.

Nationalizing of mines is always a distinct possibility - maybe even a likelihood - with socialist governments building empires by warring, so if you're leveraged with miners, be CERTAIN to backup with suitable physicals, such as bullion coins, "junk" pre-1964 US coins, circulated silver dollars, but hold NO BARS!


 


Had our government not reneged on its promise of redeemability, today this silver certificate of 1923 would need to be stated as $32 to be redeemable in thirty-two silver dollars!

Pause for a moment to think of all those who've lost their retirement savings by saving paper instead of coin.
Will you be one of them?

 

 

 

 

Tweet
Rate :Average note :4.4 (8 votes)View Top rated
Previous article by
Charleston Voice
All articles by
Charleston Voice
Next article by
Charleston Voice
Receive by mail the latest articles by this author  
Latest comment posted for this article
why NO BARS? Read more
mmyaseen - 11/4/2012 at 10:16 AM GMT
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Charleston Voice

All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Charleston Voice ArchiveWebsite
Most recent articles by Charleston Voice
8/29/2014
8/25/2014
8/20/2014
8/4/2014
7/27/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
 
       
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer