Executes this also describe what will really happen to silver and gold? Presently there is no doubt that both silver and platinum will within value and silver probably will reach $250 an ounce. Silver State Printing
Recently the communist government of the People’s Republic of China and tiawan advised its citizens to buy, save and set silver and gold. You will find over 1. 2 billion dollars Chinese. By the end of the season we will know how many there are. China is executing a census right now. The Chinese are not spendthrifts like many Us citizens. They save roughly 40 to 40% of their wages. So, one idea for the wise, become a member of them now or get stuck in the cool snow!
Back in time, at the peak of the Roman Empire, the currency was the “denarius”. It was made of almost pure silver. That was at time when Christ walked the planet earth. fifty four years later the denarii had 94% silver and by 100 A. M., the content was down to 85%. When Ancient rome fell surrounding the fifth 100 years, the denarii contained approximately 2% silver and was declared worthless for control, etc.
China, France and many other kingdoms, prestige and countries experienced the same devaluation of their currency. When paper and printing came into being in the Middle Age range, most currencies became known as “fiat” money (let it be done). That became a way and very necessary for the various rulers to produce “fiat” money and set the gold and metallic for themselves. Pretty soon the paper money became worthless and individuals commenced to call it “toilet newspaper money”. Why, as it was easy to print and probably a lot lighter than silver and gold gold coins.
Could we in the United States became a rustic, we printed “fiat” money. That was around 1690 and the money was supported by silver, silver, grain and cows. Soon all the groupe printed “fiat” money and didn’t back their values up. Each uses to call the “fiat” money “colonials” and it probably is so worthless that it was named “toilet paper money”
After we became the United States of America, the currency became governed and it was reinforced up by gold with silver coins. Everyone recalls the “Morgan” silver dollars of the nineteenth Hundred years? But all good things always come to an end. In 1933, Leader Roosevelt removed the buck from the gold standard. People were even fined and thrown in imprisonment if they were trapped hoarding gold. A new word was introduce to our vocabulary, inflation. Following suffering for over 10 years trying to get away of the “great depression”, we started to produce for an upcoming battle. In 1941, a B-17 four engine bomber cost roughly $240, 000 to build and fly to Europe. If we desired to build a true look-alike with this wonderful flying machine today, it would cost about two to four million. That is not include all the necessary safety devices the federal government would demand.
Some might say this is an example of inflation. I believe it is more a devaluation of our “toilet paper money”. What deals with our currency now? Will certainly there be a duplicate of history and maybe a mass hysteria? Therefore, the best one can do, is copy the Chinese! You can placed me loose on your and buy and sell gold and silver cash and earn some money simultaneously!