A Silver History And A Pending Silver Hysteria?
Does this also describe what will really happen to silver and gold? There is no doubt that both silver and gold will rise in value and silver could possibly reach $250 an ounce.
Recently the communist government of the People's Republic of China advised its citizens to buy, save and hoard silver and gold.
There are over 1.
2 billion Chinese.
By the end of the year we will know how many there are.
China is conducting a census right now.
The Chinese are not spendthrifts like many Americans.
They save roughly 30 to 40% of their wages.
So, one tip for the wise, join them now or get stuck in the cold snow! Back in time, at the height of the Roman Empire, the currency was the "denarius".
It was made of almost pure silver.
That was at the time when Christ walked the earth.
54 years later the denarii had 94% silver and by 100 A.
D.
, the content was down to 85%.
When Rome fell around the fifth Century, the denarii contained roughly 2% silver and was declared worthless for trade, etc.
China, France and many other kingdoms, empires and countries experienced the same devaluation of their currency.
When paper and printing came into being in the Middle Ages, most currencies became known as "fiat" money (let it be done).
It became a fashion and very necessary for the various rulers to print "fiat" money and hoard the silver and gold for themselves.
Pretty soon the paper money became worthless and people began to call it "toilet paper money".
Why, because it was easy to print and probably a lot lighter than silver and gold coins.
Even before we in the United States became a country, we printed "fiat" money.
That was around 1690 and the money was backed up by gold, silver, grain and cattle.
Soon all the colonies printed "fiat" money and didn't back their currencies up.
They use to call the "fiat" money "colonials" and it became so worthless that it was named "toilet paper money" After we became the United States of America, the currency became regulated and it was backed up by gold with silver coins.
Everyone remembers the "Morgan" silver dollar of the nineteenth Century? But all good things always come to an end.
In 1933, President Roosevelt removed the dollar from the gold standard.
People were even fined and thrown in jail if they were caught hoarding gold.
A new word was introduce to our vocabulary, inflation.
After suffering for over ten years trying to get out of the "great depression", we started to produce for an upcoming war.
In 1941, a B-17 four engine bomber cost roughly $240,000 to build and fly to Europe.
If we wanted to build a true replica of this wonderful flying machine today, it would cost about two to four million.
This does not include all the necessary safety devices the government would demand.
Some might say this is an example of inflation.
I think it is more a devaluation of our "toilet paper money".
What faces our currency now? Will there be a repeat of history and maybe a mass hysteria? So, the best one can do, is copy the Chinese! You can join me and buy and sell gold and silver coins and earn some money at the same time!
Recently the communist government of the People's Republic of China advised its citizens to buy, save and hoard silver and gold.
There are over 1.
2 billion Chinese.
By the end of the year we will know how many there are.
China is conducting a census right now.
The Chinese are not spendthrifts like many Americans.
They save roughly 30 to 40% of their wages.
So, one tip for the wise, join them now or get stuck in the cold snow! Back in time, at the height of the Roman Empire, the currency was the "denarius".
It was made of almost pure silver.
That was at the time when Christ walked the earth.
54 years later the denarii had 94% silver and by 100 A.
D.
, the content was down to 85%.
When Rome fell around the fifth Century, the denarii contained roughly 2% silver and was declared worthless for trade, etc.
China, France and many other kingdoms, empires and countries experienced the same devaluation of their currency.
When paper and printing came into being in the Middle Ages, most currencies became known as "fiat" money (let it be done).
It became a fashion and very necessary for the various rulers to print "fiat" money and hoard the silver and gold for themselves.
Pretty soon the paper money became worthless and people began to call it "toilet paper money".
Why, because it was easy to print and probably a lot lighter than silver and gold coins.
Even before we in the United States became a country, we printed "fiat" money.
That was around 1690 and the money was backed up by gold, silver, grain and cattle.
Soon all the colonies printed "fiat" money and didn't back their currencies up.
They use to call the "fiat" money "colonials" and it became so worthless that it was named "toilet paper money" After we became the United States of America, the currency became regulated and it was backed up by gold with silver coins.
Everyone remembers the "Morgan" silver dollar of the nineteenth Century? But all good things always come to an end.
In 1933, President Roosevelt removed the dollar from the gold standard.
People were even fined and thrown in jail if they were caught hoarding gold.
A new word was introduce to our vocabulary, inflation.
After suffering for over ten years trying to get out of the "great depression", we started to produce for an upcoming war.
In 1941, a B-17 four engine bomber cost roughly $240,000 to build and fly to Europe.
If we wanted to build a true replica of this wonderful flying machine today, it would cost about two to four million.
This does not include all the necessary safety devices the government would demand.
Some might say this is an example of inflation.
I think it is more a devaluation of our "toilet paper money".
What faces our currency now? Will there be a repeat of history and maybe a mass hysteria? So, the best one can do, is copy the Chinese! You can join me and buy and sell gold and silver coins and earn some money at the same time!
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