Silver Dollar Survey

[silverguru]

Doing at a mall-- good idea -- thanks DM

[SicaGR]

Aw I like Ike's but I'm impressed to hear him admit it wasn't silver. So many people think they are.

[MYAR15SaysImFree]

you should do this at a mall. I think you'd be surprised at the ## of ppl that dont have a clue on real money. When the masses do realize, all of us who been buyin are gonna be on cloud 9 cause the price will go to the moon

[Rasmi17]

That's a great piece of information that worth A THOUSAND ounce of real money: GOLD.

[hygocan]

why BW

[thewonderfrog]

The US Constitution says that ONLY gold and silver can be used as money and ONLY the treasury will issue money.

We went off the gold standard so that we could print more money than could be backed by the limited gold on reserve. You need lots of money to fight wars.

[glorp896]

thats the big screw up, moving the so called federal reserve into private hands and getting off gold/silver standards...

and the income tax was really expanded during war time and has stuck with us ever since, since WWII more especially...

war has benefited USA by our cheap purchase of the Louisiana territory due to napoleons wars, otherwise france would have a powerful hold on much of america today!, boy would that have sucked!

WWII helped our economy, without our country getting crushed

[MYAR15SaysImFree]

but but none of it would have happened if the fed reserve scam was passed in 1913. Central banks made tons off of wars and the depression. They use depressions to consolidate power.

[glorp896]

@MYAR, don't you mean if the fed. reserve act of 1913 was NOT passed?

[ChrisGilliam2]

And the U.S. just loves wars.

[DiggingTreasureDcom]

Currency is whatever material or otherwise that people are willing to use for trading goods and services. The problem with paper is it's to easy to just print more and have hyper inflation. Gold and silver are still rare yet also common enough for everyone to use and that is why they are considered worth something. The debate as to whether paper, silver or gold is a better currency is not complete without looking at the bigger picture of the economic systems in place around the world.

[inkey2]

I read that the reason we went off the gold standard was because the government feared that foreign holders of gold certificates would turn them all in for gold and all the gold would leave the USA. Does that sound right? Is that correct?

[LEUnl3ash3d]

gum is more than $1

[mrvietnam2001]

Good video from Mr Morgan describing the differences between a precious metals based monitary system and fiat.

[InTheRainstorm]

Heh, wonder why they cut out the hat guy? Morgan looked like a bit of a loser reaching for one of his "famous" $1,000,000 notes to give him only for him to go wandering off.

[RyuDarragh]

Fine notion. Unfortunately, you'd have to get every government to agree to the standard as well, or forgo a world economy altogether. It also requires that the silver based economy be based on a fixed value or that silver dollar will buy less (or more) at any given point in time. A gold/silver standard is based on the notion of "durable" and "valuable".. still nebulous words. Gold, silver, paper, electrons, titanium, unobtanium, bubble gum,.. all worth only what they are *agreed* on to be worth.

[khyemamri]

Ryu Darragh - there is a difference still. We agree that a "dollar bill" (Frn) is worth "a dollar" (not of silver) - a silver dollar calls a certain number of FRN's but it is always worth "a dollar of Silver." The problem is that you can PRINT with 'paper and ink' "dollar bills" while you can never Print Silver Dollars - and in truth - you can't print TRUE "Silver Dollar Notes" - they MUST be Redeemable for the Face Value. FRN's are a scam - they inflate. Silver coins do the opposite...

OM.

[RyuDarragh]

I agree the Fractional Reserve banking system we use is not all it's cracked up to be, but silver can still be hoarded and for damn sure the rich would end up with it all, still, and some third world nation sitting on a mountain of gold/silver would dominate the worlds economy, not through higher productivity and tangible goods produced, but by digging in the dirt. Our system would work if the reserve rate were 100%. As our economy grows we can adjust the money supply. With silver, you can't.

[khyemamri]

We have no fraction of reserve now. It is Fed-Banking by Unfederal Foreign bankers! Silver is money and so is gold - you can now trade it for FRN's - Real Money was Notes redeemable for Gold and Silver - the world grew fine with that system - printing "funny money" like crazy is booming the world economy - but it is doing a never-before-tried world inflation bubble. Those who have gold or access to dirt with some - will profit--silver, more so. Each country has "valuables", food, cloth, etc.

[khyemamri]

If there were a reserve - I would say it should be at 100%. Loaning out metal you don't have creates an impossible scenario - a great scam. As the economy collapses into its own self-printed retardation - they decide they should fire up the printing presses to the tune of seven Billion! As the economy grows - more real money can be created - or there is room for other products to constantly flux the system. No one person could ever hoard "all the money" - for they have to eat, and so on...

[khyemamri]

oops - as if seven weren't enough - that's "nothing" anymore in this Inflated Economy - It has grown alright - into a hideous dragon with terrible horns and gnarly, wild eyes! The dragon's hungry - Print 700<<<BILLION pieces of Paper. Don't you see that those who "control" the government have already hoard all the "f-money" they want - but they can never get All the Silver, nor Gold...never. OM

[RyuDarragh]

I suggest you search for "Debt as Money" on YouTube and watch the videos on how Fractional Reserve Banking works (and what a scam it is. Instructive by itself, but the end of the videos also explains how rich bankers could easily game the system and accumulate all the gold and silver again. Simply setting the reserve fraction to 100% would work wonders.. expecially if the Federal Reserve were placed *back* into the hands of the Senate and not rich international bankers.

[khyemamri]

at 100% you lose the FRACTION!

OR GAIN IT!

"We have no fraction of reserve now."

=khyemamri

[TodMcInerney]

Why aren't you doing more of these ??? ... great education.

[khyemamri]

Very well put. The truth of this video needs to be spread far and wide.

May God bless you for this propagation of reality.

Peace,

~K

[FarangBalls]

I'm getting some silver Liberty Dollars!!!

[khyemamri]

NO!! DON'T DO IT~!~!!!

They are a rip off and I will tell you why:

You can buy Precious Metal near spot - and even as a representative of theirs you will pay High Premiums on their coins -

maybe you could take that extra 3 DOLLARS per ounce and get an extra troy-eighth of silver per ounce!!!!!!!!

There's a huge reason for buying silver NOT from Liberty Dollar (may they realize their folly).

[FarangBalls]

they are a numistics company now. it should be spot price?

[khyemamri]

Exactly - You should buy silver, not "numismatics" - which is a fancy word for coin collecting. If you want to waste your hard earned cash on a "pretty" coin - feel free. Part of the rip off is the way they "up the face value" of their coins...and then charge you based on a false "spot".

[khyemamri]

You are then encouraged to spend it into circulation...which is fine...but when the coins say $20 on a one ounce coin and you try to spend it - and someone asks "well, how much is it worth? in actual silver?" And silver is not $20 but significantly less, perhaps even several dollars less than what you bought it for...The economy calls for people to Spend their hard earned cash in a Very Intelligent Manner - one that says, IMHO: 'Go for value.' 'Buy Silver at the Best Price Possible and HOLD!'

[FarangBalls]

How do I buy silver and gold then? I dont really understand how to purchase precious metals. I know I would want 1 try ounce coins so the weight is easily calculated per spot price?? Where do I buy it?

[khyemamri]

Reputable coin shops, online like 'amex' - perhaps through Kitco. point being: 'shop around'. I found some good deals on ebay, looking through all the pre 1964 quarters, etc. It is also nice to check out thrift stores and pawn shops for the random 'score'...Kruggerand contains exactly 1 ounce of pure gold- so the allow makes it weigh a little more - send me a message so we can chat more if you want to have a couple 'ideas'.

Peace,

K

[FarangBalls]

hey man I took your advice and never got any liberty dollars. I am into Silver Eagles and i am the proud owner of my first 10 ounces!

[mrvietnam2001]

Not the sharpest knife in the drawer are you.

Rare coins have outperformed the stock market and the metals markets. But you need to have a little depth in order to make it work for you.

[khyemamri]

Thanks for your input Mr. Vietnam.

There may be sharper knives -

but you look to the past whilst I gawk at the future. Take some of your

"depth"

and apply it to Jason Hommel and Ted Butler. Om and Peace.

~K

[andrewjhartman1]

Owning physical gold and silver is the way to go regarding metals.

[BigRob829]

Heh, My 8 year old daughter even know that the only true money is silver or even gold, the rest is government mandated junk.

[theCommenteer]

I just got a 1959 quarter in the change today! That's the first silver I've seen in circulation since I got some 40% halves in 1998. It's making a comeback!

[cassidy1478]

As of today, with silver prices north of $18 on 2/24, that quarter contains approximately .175 ounces of silver and is worth about $3.20 worth of silver. Not bad.

[SILVER0BUG]

Nicely done. I call the silver dollar money, I call the Federal Reserve Note a currency. Money to me is supposed to RETAIN value, not lose it!! Paper currency like the FRN is, as Jefferson put it, "The ghost of money". I'm pretty sure you would get a different result in public, though I can say opinion is changing.. more people are waking up. Again very well done. Silver is both industrial and a monetary metal.

[krazykobe8]

doesnt work after like a minute into the video