What if they suddenly declared, by fiat, that US silver dimes are worth 10 dollars, and silver quart | Precious Metals Message Board Posts

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Msg  209857 of 211108  at  9/12/2019 8:54:38 AM  by

liquidcourage


What if they suddenly declared, by fiat, that US silver dimes are worth 10 dollars, and silver quarters are worth 25 dollars, etc

Why would that be crazy?  They declare by fiat that a mere piece of paper is worth $10 or $20.  For silver coins, a 10 dollar silver dime is only 7 to 8x from current prices.   At $50/ounce, it would be about right value for silver coinage.   Wouldnt that be a smart way to mobilize all this frozen money to boost the economy?  The boost would go directly to merchants and not Wallstreet.  Call in all these silver coins and restamp them except turn "cents" into "dollars" and maybe put a different edge on them.    Whats the harm, all it does is move the gold:silver ratio closer to where it should be at around 10 to  16:1. 
 
It is very curious that dimes and quarters and halves have not changed their design since '64.  Its almost like this is the plan.


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Replies
Msg # Subject Author Recs Date Posted
209858 Re: What if they suddenly declared, by fiat, that US silver dimes are worth 10 dollars, and silver quarters are worth 25 dollars, etc madtig6 1 9/12/2019 9:25:18 AM
209871 Re: What if they suddenly declared, by fiat, that US silver dimes are worth 10 dollars, and silver quarters are worth 25 dollars, etc nasus25438 1 9/12/2019 9:56:28 PM


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