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Hart
Member since May 2012
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has posted a comment on the article :
When Central Banks Re-build Silver Reserves
- Charleston Voice -
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.
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3452 days ago
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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...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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