Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

When Central Banks Re-build Silver Reserves

IMG Auteur
From the Archives : Originally published November 04th, 2012
172 words - Reading time : less than a minute
( 16 votes, 4.7/5 ) , 5 commentaries
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
5
comment
Our Newsletter...
FOLLOW : Silver Socialist
Category : Gold University

 

 

 

 

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?



 

 

<< Previous article
Rate : Average note :4.7 (16 votes)
>> Next article
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.
Comments closed
  All Favorites Best Rated  
I'm pretty sure this isn't this article's reason, but one reason I feel that buying U.S. silver eagles (and junk silver) is probably the best, is because of all the recent silver counterfeiting. The Feds have historically gotten pretty mad when people try to counterfeit it's "money", even if it is in reality, just paper. So the same must apply for silver eagles? I have a mix of Eagles and generic rounds.......and even a few smaller bars. But with all the fake silver that's been flooding the market recently, I feel like there is a little bit of protection from the Feds when it comes to "Legal Tender", one dollar eagles. I may be completely wrong. Does anyone know if there would be anything to this?
Coins have some measure of protection, for their "numismatic value", which the law an allow the serfs to keep. Bars have no such protection.

Somehow, I feel when the time comes, the law will simply be changed "to keep us safe", and, failing, that, they'll start shooting people in the head until the coins are "given" too.
Rate :   3  0Rating :   3
EmailPermalink
Rate :   2  0Rating :   2
EmailPermalink
Yeah, I have the same question.

Can't be for Executive Order 6102 worries because coins, bars and certificates were all taken in 1933.

Perhaps because, "bullion coins, "junk" pre-1964 US coins, circulated silver dollars" are all, currently, not reportable for tax purposes as they are legal tender. Bars, on the other hand...
Rate :   1  0Rating :   1
EmailPermalink
As I understand it (hopefully someone can provide more details) the coins mentioned are minted by the government of the country they are issued in and as such carry a "dollar" value meaning they are money according to the same government. Now you would have to be a real fool to take a 1oz American Eagle gold coin and buy something that costs $50 with it but the point is the coin is considered legal tender just as a $50 bill is legal tender. Bars are exactly that, gold or silver bars not minted by a government to be used as legal tender. Not all coins, think of the Buffalo gold and silver coins, are legal tender.

So if I am incorrect and someone knows the specifics please do share.

Rate :   5  2Rating :   3
EmailPermalink
Latest comment posted for this article
I'm pretty sure this isn't this article's reason, but one reason I feel that buying U.S. silver eagles (and junk silver) is probably the best, is because of all the recent silver counterfeiting. The Feds have historically gotten pretty mad when people tr  Read more
samking73 - 11/26/2014 at 3:21 PM GMT
Top articles
Latest Comments
Absent Without Leave
21 JunS W.
Bail ins for sure. It was agreed at the G20 in Brisbane. You are not really a share holder. You are an unsecured creditor to the bank a...
Absent Without Leave
19 JunJ.3
Perhaps all the international shenanigans are the smoke and mirrors intended to obfuscate the view of the looming financial catastrophe. When the ...
Things To Come
13 Junkevthorne3
If voting for 'parties' actually made a difference they would have not legalised it. Since 1914, it's been the supply of currency that has governed...
Things To Come
12 Jun Roygbiv0
And JHK ruined your life because he then voted for Obamba ? For Jim C.
Things To Come
12 JunJim C.-1
Surely Kunstler cannot be ignorant of economics, of the direct correlation between the production of wealth and Capitalism, and the subsequent crea...
The Government Is Desperate To Re-Stimulate Housing Sales - Dave Kr...
09 Junmlyons1
While they are picturesque, the Canadian Federal Parliament buildings (shown in the picture) have little connection with an article related to the ...
The Escape from Collectivism - Jeff Thomas
10 Junsam_site-2
As I said before, collectivism depends on handicapping the public to create a nation of clinging, helpless, entitled patients and is a top priority...
Bing Bong, Karl Marx Calling!
08 Junkevthorne1
'Pre-World War I' was not so bad, according to my old granddad (now deceased, of course). No income tax, no passports or security checks to tra...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS