John Smith wrote:
How much value will the dollar lose?

I suspect if they were all still in silver certificates,
you might not be in all that bad of shape.
--
73, Cecil http://www.w5dxp.com
"According to the general theory of relativity,
space without ether is unthinkable." Albert Einstein

"Cecil Moore" wrote in message
...
John Smith wrote:
How much value will the dollar lose?

I suspect if they were all still in silver certificates,
you might not be in all that bad of shape.
--
73, Cecil http://www.w5dxp.com
"According to the general theory of relativity,
space without ether is unthinkable." Albert Einstein

Unless it is for the collector value, the silver certificates have not been
backed by silver for a very long time. Not sure of the date, but probably
20 or 30 years or more ago.

Ralph Mowery wrote:

...
Unless it is for the collector value, the silver certificates have not been
backed by silver for a very long time. Not sure of the date, but probably
20 or 30 years or more ago.



I have 281 of these in a small safe, I was not aware of that ... I will
have to look at that, got a link/URL?

I just took it for granted you could trust the govt. on such a serious
promissory note ("Silver IOU"), broken promises do not instill trust and
respect. I suppose the gold notes are just as worthless then?

But then, for some reason, such is not as shocking as it would have been
a few decades ago ... :-(

Regards,
JS

Cecil Moore wrote:
John Smith wrote:
How much value will the dollar lose?

I suspect if they were all still in silver certificates,
you might not be in all that bad of shape.

Silver is difficult to purchase at this point ...

A few days ago, there was not an oz. to be had, which anyone wished to
part with ... indeed, a friend of mine in the markets claims the middle
east has sucked up great quantities, and quietly, recently ...

Regards,
JS

John Smith wrote:
Silver is difficult to purchase at this point ...

How much do you need? http://www.kitcosilver.com/
--
73, Cecil http://www.w5dxp.com
"According to the general theory of relativity,
space without ether is unthinkable." Albert Einstein

Cecil Moore wrote:
John Smith wrote:
Silver is difficult to purchase at this point ...

How much do you need? http://www.kitcosilver.com/

OK, I am going to bed ... but, just spoke to "my man" ...

There are certificates of silver ... and then there is REAL silver
(i.e., the metal you hold in your hand ... not a promissory note. )

Investigate the differences ...

Regards,
JS

Cecil Moore wrote:
John Smith wrote:
How much value will the dollar lose?

I suspect if they were all still in silver certificates,
you might not be in all that bad of shape.

How do you suspect that when a $1 silver certificates was exchangeable
for $1 worth of silver?

Unless you did the exchange a REALLY long time ago, the transaction
is break even.


--
Jim Pennino

Remove .spam.sux to reply.

wrote:
Cecil Moore wrote:
...


How do you suspect that when a $1 silver certificates was exchangeable
for $1 worth of silver?

Unless you did the exchange a REALLY long time ago, the transaction
is break even.



I think he was simply pointing out that something still backs the
"worth" of a "silver certificate" (well, if it still existed, in reality.)

Since our currently issued dollar has nothing behind it than our
production, possibility of producing, and labor ... and with a
frightening amount of that having "gone over seas", it is virtually
worthless ...

However, no one realizes this, well, seems to realize this.

Or, to summarize this:

The dollar is worthless and only those who have replaced these with real
objects/matter of value have any real wealth.

Indeed, money has become a religion, only those who can make a leap of
faith as to it having real worth are believers ... at least here in the USA.

Regards,
JS

John Smith wrote:
wrote:
Cecil Moore wrote:
...


How do you suspect that when a $1 silver certificates was exchangeable
for $1 worth of silver?

Unless you did the exchange a REALLY long time ago, the transaction
is break even.



I think he was simply pointing out that something still backs the
"worth" of a "silver certificate" (well, if it still existed, in reality.)

Since our currently issued dollar has nothing behind it than our
production, possibility of producing, and labor ... and with a
frightening amount of that having "gone over seas", it is virtually
worthless ...

However, no one realizes this, well, seems to realize this.

Or, to summarize this:

The dollar is worthless and only those who have replaced these with real
objects/matter of value have any real wealth.

Indeed, money has become a religion, only those who can make a leap of
faith as to it having real worth are believers ... at least here in the USA.

Regards,
JS

The "worth" of any medium of exchange is whatever the "worth" is
perceived to be, whether it be cash, checks, certificates of deposit,
stock certificates, money orders, bonds, gold bars, silver bars, or
shiny beads.

About the only medium of exchange that had any intrinsic value was salt.

The "value" of real objects is also whatever it is perceived to be; I
don't think my house is worth $500,000, but the housing market does.

Look up supply and demand and then tell me why diamonds are so "valuable"
and why no one is paid in salt anymore.

None of this is unique to the US, it is the way the economy works in
the modern world.


--
Jim Pennino

Remove .spam.sux to reply.

wrote in message
...

I think he was simply pointing out that something still backs the
"worth" of a "silver certificate" (well, if it still existed, in
reality.)

Since our currently issued dollar has nothing behind it than our
production, possibility of producing, and labor ... and with a
frightening amount of that having "gone over seas", it is virtually
worthless ...

However, no one realizes this, well, seems to realize this.

Or, to summarize this:

The dollar is worthless and only those who have replaced these with real
objects/matter of value have any real wealth.

Indeed, money has become a religion, only those who can make a leap of
faith as to it having real worth are believers ... at least here in the
USA.

Regards,
JS

The "worth" of any medium of exchange is whatever the "worth" is
perceived to be, whether it be cash, checks, certificates of deposit,
stock certificates, money orders, bonds, gold bars, silver bars, or
shiny beads.

About the only medium of exchange that had any intrinsic value was salt.

The "value" of real objects is also whatever it is perceived to be; I
don't think my house is worth $500,000, but the housing market does.

Look up supply and demand and then tell me why diamonds are so "valuable"
and why no one is paid in salt anymore.

None of this is unique to the US, it is the way the economy works in
the modern world.


I was trying to point out that you can no longer go the the bank or whatever
and exchange your paper silver certificiate for silver backed by the
government.

YOu are correct , paper or other objects that have no use are only worth
what others will pay. I have read of used stamps going for atleast a
million dollars. They are of no use at all that I can think of, but to a
collector as there are only one or two known to exist that one is worth
whatever you can get for it, nothing to millions.