54 minutes ago
Remember 1964? Then you could trade a paper $1 dollar bill for four Silver quarters.- Today in 2016, you cannot do that, but those four Silver quarters would be worth ~$17 dollars. (Don't run to your change jar...the base-metal quarters of today have NO content value.)Did the price of Silver go UP, or did the purchasing power of the Dollar go DOWN?- Here is a perfect example of Dollar Devaluation set against Silver and Gold.LBJ took the Silver out of coinage in 1965.- In 1965 $100 bought 77oz of Silver- In 1975 $100 bought 24oz- Today that $100 buys only 6oz of SilverNixon took the US off the Gold Standard in 1971.- In 1971 $1,000 bought 24oz of Gold- In 1981 $1,000 bought 2.2oz- Today that $1,000 buys only 0.8oz of GoldDo you begin see why Central Banks and Governments HATE Silver and Gold metal?- Bullion makes their job of stealing your wealth much harder than they care for it to be.
From Theo Spark at 10:36