Sunday, April 02, 2017


Gold Backed Currency



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Note: President Woodrow Wilson is the face on this bill.

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  1. George, when you were discussing investments in one of your blogs a few years back, I believe I sent you an e-mail one time regarding the US silver certificates which were then backed by precious metals. My grandmother (who was not wealthy and back then saw very few of those certificates--she was land rich but cash poor on the farm) would give me a Silver Dollar every year for my birthday and Christmas until her death. I still have those Silver Dollars (and part of the farm) to this day and cherish them. Maybe she was trying to teach me something about investing in her simple way.

    1. Hi Dee,

      Currency backed by silver or gold is the only real money [in my opinion].

      This fact will come abundantly clear when the huge debt that the Federal Reserve racked up by bailing out banks and investment houses gets out of control.

      How will things get out of control? This is just a guess, but my thinking is that when the interest on that debt rises to around 5%, the interest payment will be sooooo huge, that everything will come apart.

      When the average guy does not trust the dollars in his wallet to be worth the face value, precious metal [your silver dollars] will skyrocket.



  2. Soo true George. Yet so simple. Reinstate the Glass-Steagall act of 1933 and end the FED. Problem solved. Oh and I think Dee was talking about silver certificates not coins. I think they are fairly valuable now.