Those politicians who call for the war with Iran should go themselves fight the war or send their kids to fight it , but they do not they want to send other people kids to fight and die for them...Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday and the Stock market will crash by the end of this year
Tuesday, April 5, 2011
Silver bullion as Money
Silver in the hands of the people : Summary of the lecture given by Hugo Salinas-Price President of the Mexican Civic Association for Silver in January 2011," How to monetize silver so that it can circulate permanently in parallel with paper and digital money" the last bubble is world's currencies , all currencies in the world are fiat currencies and they are all derivatives of the dollar , which is itself nothing but a piece of paper ,The silver coins will outlast any central bank
The first conditions to menetize one ounce coin silver are :
The coin shall not bear an engraved monetary value.
The Treasury will attribute a quote, a monetary value in pounds to the ounce.
The quote will serve the same function as an engraved value.
when the coin has an engraved value it's condemned to go out of circulation
The last monetary quote given to the ounce by the issuer must not be reducible.
Just as is the condition of present British pound coins and bank notes.
If the quote is allowed to fluctuate in value downward, according to the price of silver, then the ounce will not be currency: it will continue existing as a commodity
Silver money will remain permanently in circulation and will never be at risk of disappearing due to a collapse of the banking system.
The first conditions to menetize one ounce coin silver are :
The coin shall not bear an engraved monetary value.
The Treasury will attribute a quote, a monetary value in pounds to the ounce.
The quote will serve the same function as an engraved value.
when the coin has an engraved value it's condemned to go out of circulation
The last monetary quote given to the ounce by the issuer must not be reducible.
Just as is the condition of present British pound coins and bank notes.
If the quote is allowed to fluctuate in value downward, according to the price of silver, then the ounce will not be currency: it will continue existing as a commodity
Silver money will remain permanently in circulation and will never be at risk of disappearing due to a collapse of the banking system.
Silver becoming the New Gold
Silver price which more than doubled in the last 12 months (that's four times faster than Gold which was up by 25% ) climbing to its most expensive level versus gold since 1983.Silver is catching Gold up quite fast becoming the new Gold , Silver as a precious metal like gold is used as a hedge against the weakness of the dollar it is also the most widely used precious metal in industry , there is also the China factor which has become recently a net importer of silver , political uncertainty in the world largest silver produced Peru may add further impitus in the near term to silver prices
Subscribe to:
Posts (Atom)
