Article One, Section Eight, Clause Five from the Constitution of the United States of America grants Congress the "power to coin money" and Article 1, Section 10, Clause 1 specifies that "No state shall... coin money: emit Bills of Credit; make not gold and silver coin a Tender in Payment of Debt."
The Constitution clearly states those funds are to be coined and that only gold and silver coin (I.E. real cash) is a tender in payment of debt. Note that Congress was granted the ability only to coin money, not to print it. They were granted the ability to borrow money, to not loan it.
Silver characterizes all six aspects of actual cash. It is divisible, durable, handy, consistent, and it has utility worth, and can't be created by fiat. Silver may be utilized like a medium of exchange so that like a store of worth. It's indispensable, has tangible worth, and is in restricted supply.
The same cannot be said for fiat currency, for example Federal Reserve notes, that are promises to pay. Hyperinflation may be the terminal stage associated with a fiat currency. EVERY fiat currency as the Roman Empire has ended in devaluation and eventual collapse. The United States has previously had several failed attempts at making use of paper currency. There's evidence to suggest which the Federal Reserve has been engaging in monetizing the debt, in other words, financing the national debt by printing new funds, that could ultimately cause hyperinflation. Weimar Germany throughout the 1920s is absolutely a well-known example of monetary hyperinflation. The German government went crazy making use of the printing presses finally taking vast amounts of marks to equal a dollar and eliminating the savings through the middle class.
Demand and supply
The U.S. Geological Society has told you that by 2020 silver will likely be the 1st element inside the periodic table that can grow to be extinct. Silver is indispensable, therefore the value is predicted to increase in proportion for the supply and demand.
Worldwide market demand for silver is growing. World demand for silver has exceeded annual production each year since 1990. The U.S. government, who once possessed the biggest stockpile of silver in the world, has dumped billions and vast amounts of ounces of silver to the world market over the years, resulting in depressed silver prices. Today, that government silver hoard is finished, and now the U.S. government is really a buyer of silver.
The Constitution clearly states those funds are to be coined and that only gold and silver coin (I.E. real cash) is a tender in payment of debt. Note that Congress was granted the ability only to coin money, not to print it. They were granted the ability to borrow money, to not loan it.
Silver characterizes all six aspects of actual cash. It is divisible, durable, handy, consistent, and it has utility worth, and can't be created by fiat. Silver may be utilized like a medium of exchange so that like a store of worth. It's indispensable, has tangible worth, and is in restricted supply.
The same cannot be said for fiat currency, for example Federal Reserve notes, that are promises to pay. Hyperinflation may be the terminal stage associated with a fiat currency. EVERY fiat currency as the Roman Empire has ended in devaluation and eventual collapse. The United States has previously had several failed attempts at making use of paper currency. There's evidence to suggest which the Federal Reserve has been engaging in monetizing the debt, in other words, financing the national debt by printing new funds, that could ultimately cause hyperinflation. Weimar Germany throughout the 1920s is absolutely a well-known example of monetary hyperinflation. The German government went crazy making use of the printing presses finally taking vast amounts of marks to equal a dollar and eliminating the savings through the middle class.
Demand and supply
The U.S. Geological Society has told you that by 2020 silver will likely be the 1st element inside the periodic table that can grow to be extinct. Silver is indispensable, therefore the value is predicted to increase in proportion for the supply and demand.
Worldwide market demand for silver is growing. World demand for silver has exceeded annual production each year since 1990. The U.S. government, who once possessed the biggest stockpile of silver in the world, has dumped billions and vast amounts of ounces of silver to the world market over the years, resulting in depressed silver prices. Today, that government silver hoard is finished, and now the U.S. government is really a buyer of silver.
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