Funny how most people think of our so-called money being backed by the U.S. government. How is that even logical when they are called Federal Reserve Notes and the Fed actually has nothing to do with the government. When they were silver certificates and actually redeemable for silver ( real money) through the government, it was a total different story. Getting rid of Silver Certificates and the Gold Standard, gave the bankers their final control.
Also on selling junk silver below spot, it is all going to depend on the actual silver weight of the junk silver. Spot price is per ounce of 99% silver bullion ( rounds, bars, etc.). Hence at $38 ounce an ounce of 99% silver bullion. an ounce of 90% silver (junk) would be 10% less or 3.80 less. So a dealer could technically say he's selling an ounce of junk silver below spot. Not sure if they do it that way as I lean more towards bullion. Just sayin'.
Yikes. Watchman. Your first two sentences if spoken at our Sunday dinners would drop jaws. They'd all insist, "How could that possibly be true?".....the beat goes on. I could say something but hey, why cause a kerfuffle?
Thanks for this article. Day to day price movements aside, there are real reasons to think about owning some silver and they are laid out convincingly in the drama of Matt Bracken's excellent novel, "Doomsday Reef."
Vince, please do some research on the composition of your favorite coin the penny, you'll be amazed at the lack of CU and when this actually occurred.
Matt,
The government(s) scams on state issued silver has been goin on for millennia. With the ancient Romans, the best Denarii were approx. 95% silver due to their technical ability to recover and smelt from ore. By the 3rd century AD, they really employed the debased scheme, putting out coins with less than 5% AG.
Continued to our goverment:
Our government used 90% AG coins and told us that 99.9 % coins were too soft and fragile to sustain normal useage. So they created an alloy. Have you seen the condition of or weighed old US silver coins? Take any random stack of Mercury dimes and weigh them against their published standard. So much for the fragility argument...This government has always taken at least a 10% cut. The ancients perfected the art of clipping coins, the US mint was merely a practising intern.
For almost 15 years now I've been stacking 1oz silver rounds and junk silver for such a day as this, and what is to come. It is long overdue that silver begin to reflect its true value and no longer have the value suppressed by paper ETF's and the ruling elite.
Agree with the contention, but not the math. You're missing a hell of a lot of factors that supply us with the info needed to adjust for the value of currency over last 50-60 years.
Value has not been halfed, but fractioned to an extreme. Even since 2019, we've lost 1/5th to 1/4 purchasing power. True minimum wage, if adjusted for value, would be close to $90 today, or more, considering 4 trillion was created by FED between 2019 and 2023, and dumped into wall street, which is trickling into the money market just slow enough to make everyone okay with the ever-increasing cost of living.
Buy silver yes, because we are worse off now than anytime in history
and one or two side notes to consider are that Trump, has turned off the penny. It not only cuts off the feet of our currency style system as making change will become impossible in many cases and create an exact price structure, which would be impossible to maintain in the physical sense but almost require us to use an electronic form of currency and secondly, that further decreases the demand of copper in the United States. The Mining of other minerals and metals is how we end up with Silver. Silver mines are few and far between here in the US. A lot of Silver comes from Canada and Mexico. Can anybody say "Tariff?"
A third is one I have added to the novel I'm currently working on which may be a negative to owning Silver. If you have take a look at the isotope, Silver 108m, you might see that after it has been energized in a breeder reactor environment, it has a substantial half-life. Could it be that this can be used for power generation? If it could, it would very advantageous as it can be mined safely and easily and there is already so much of it above the ground now, that it would only take a national order to confiscate it for a new purpose. Just a thought.
Decades after the JFK Cia/Assassination Coup, there was Ronald Reagan* and an Almost very successful Cia/Assassination Coup, until Donald Trump's Two Cia/Assassination attempts, following the 2020 sElection Coup.
and We the People, too many of Us, don't "Want" to Look at the road travelled to Now.
"Moving On" is only possible with Accepting the Gift of the Executioner's Blindfold. I Spit.
"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same,........
"Or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free" Ronald Reagan
In 1980 Silver hit around $50. This was the high water mark. It hit $50 again twenty odd years later when $50 2008 Dollars were certainly not worth fifty 1980 Dollars. For reasons no one has been able to adequately explain Silver never goes anywhere except for a short sprint every couple of decades and then crashes back. Very odd based on the claims that it is in huge industrial demand and mostly recovered as a byproduct of mining for other things from PGM's to coal.
The 1790's ratio of about 15-1 Silver to Gold has obviously been blown away. Metal prices can give us a rough idea of how much of an f'ing we have been given by the "not federal" Federal Reserve System. For those unaware, the Federal Reserve Bank is merely the name of a privately owned bank which for reasons known only to God and a few conspiring bankers and politicians in 1912-13 has been granted powers to control the US money supply and issue fiat currency. Using the famous $5 a day revolutionary daily wage of Ford Motor Company in the early 1900's with Gold at $20.60, a worker was paid a $1,300 annual wage equal to 63.1 ounces of Gold, or about 1,010 ounces of Silver as a Silver Dollar has about .78 of an ounce of Silver. In Gold, the 1910 factory worker would today be paid $211,637. In Silver, a little under $40,000. It just doesn't add up does it?
The Currency Act of 1792 states a Dollar is 371.25 grains of pure Silver, or its market equivalent in Gold. The Death Penalty was prescribed for debauching, counterfeiting etc. In other words, the Founders would not have tolerated any of this crap.
The banking cartel profiteering in practice is the NON-federal No reserving bank system.
In understandable terms:
An Austin, TX small size home purchased in 1965 for $13,500 sold in 2015 for $525,000. INFLATION!
One U.S. dollar (silver dollar) as defined in the Coinage Act of 1792 contained 371.25 grains of pure silver. A dollar was to contain 371.25 grains of pure silver. The total weight (including alloy) was 416 grains, because the coins were 89.24% silver and 10.76% copper. Consider 90% purity in a silver dollar coin.
Consider as of 07/15/2025 a silver Eagle ounce is $38 (99%). So a dollar would from 1798 would be about $35 now (spot+premium +/-).
Boomers take such a hard rap not so much for their luck at being born right time right zip code, but for their complete inability to understand said same acting as if they alone created all that abundance and wealth. Only an ignorant fool, village idiot, or a boomer comes up with the bootstraps mantra and THEN sticks to that idiocy when all the evidence makes plain what is going on. They justly deserve whatever comes their way and hopefully it involves eating cat food the last 10-15 years of their life while living in a darkened basement of some foreign worker who bought their home
Funny how most people think of our so-called money being backed by the U.S. government. How is that even logical when they are called Federal Reserve Notes and the Fed actually has nothing to do with the government. When they were silver certificates and actually redeemable for silver ( real money) through the government, it was a total different story. Getting rid of Silver Certificates and the Gold Standard, gave the bankers their final control.
Also on selling junk silver below spot, it is all going to depend on the actual silver weight of the junk silver. Spot price is per ounce of 99% silver bullion ( rounds, bars, etc.). Hence at $38 ounce an ounce of 99% silver bullion. an ounce of 90% silver (junk) would be 10% less or 3.80 less. So a dealer could technically say he's selling an ounce of junk silver below spot. Not sure if they do it that way as I lean more towards bullion. Just sayin'.
Linked Jesse's article last week. will be linking yours today @https://nothingnewunderthesun2016.com/
In this case. No. Lol. America is full of conspiracy theorists and their theories. Leave it all alone. It will work out. Always does.
Yikes. Watchman. Your first two sentences if spoken at our Sunday dinners would drop jaws. They'd all insist, "How could that possibly be true?".....the beat goes on. I could say something but hey, why cause a kerfuffle?
Maybe we need to drop a few jaws.
😮"Oh No!"
Thanks for this article. Day to day price movements aside, there are real reasons to think about owning some silver and they are laid out convincingly in the drama of Matt Bracken's excellent novel, "Doomsday Reef."
Got some "junk silver" in June. Buy buy buy (Jim Cramer) LOL
Well done Matt,
Regards from the
North Rocky Mountains
Vince, please do some research on the composition of your favorite coin the penny, you'll be amazed at the lack of CU and when this actually occurred.
Matt,
The government(s) scams on state issued silver has been goin on for millennia. With the ancient Romans, the best Denarii were approx. 95% silver due to their technical ability to recover and smelt from ore. By the 3rd century AD, they really employed the debased scheme, putting out coins with less than 5% AG.
Continued to our goverment:
Our government used 90% AG coins and told us that 99.9 % coins were too soft and fragile to sustain normal useage. So they created an alloy. Have you seen the condition of or weighed old US silver coins? Take any random stack of Mercury dimes and weigh them against their published standard. So much for the fragility argument...This government has always taken at least a 10% cut. The ancients perfected the art of clipping coins, the US mint was merely a practising intern.
A rule of thumb used by dealers is that an uncirculated 90% Silver coin contains .725 oz per Dollar. Circulated .715 oz per Dollar.
There's also an app called "Coinflation" that's helpful for quick calculations.
For almost 15 years now I've been stacking 1oz silver rounds and junk silver for such a day as this, and what is to come. It is long overdue that silver begin to reflect its true value and no longer have the value suppressed by paper ETF's and the ruling elite.
Agree with the contention, but not the math. You're missing a hell of a lot of factors that supply us with the info needed to adjust for the value of currency over last 50-60 years.
Value has not been halfed, but fractioned to an extreme. Even since 2019, we've lost 1/5th to 1/4 purchasing power. True minimum wage, if adjusted for value, would be close to $90 today, or more, considering 4 trillion was created by FED between 2019 and 2023, and dumped into wall street, which is trickling into the money market just slow enough to make everyone okay with the ever-increasing cost of living.
Buy silver yes, because we are worse off now than anytime in history
and one or two side notes to consider are that Trump, has turned off the penny. It not only cuts off the feet of our currency style system as making change will become impossible in many cases and create an exact price structure, which would be impossible to maintain in the physical sense but almost require us to use an electronic form of currency and secondly, that further decreases the demand of copper in the United States. The Mining of other minerals and metals is how we end up with Silver. Silver mines are few and far between here in the US. A lot of Silver comes from Canada and Mexico. Can anybody say "Tariff?"
A third is one I have added to the novel I'm currently working on which may be a negative to owning Silver. If you have take a look at the isotope, Silver 108m, you might see that after it has been energized in a breeder reactor environment, it has a substantial half-life. Could it be that this can be used for power generation? If it could, it would very advantageous as it can be mined safely and easily and there is already so much of it above the ground now, that it would only take a national order to confiscate it for a new purpose. Just a thought.
Yours in liberty,
Vince
Decades after the JFK Cia/Assassination Coup, there was Ronald Reagan* and an Almost very successful Cia/Assassination Coup, until Donald Trump's Two Cia/Assassination attempts, following the 2020 sElection Coup.
and We the People, too many of Us, don't "Want" to Look at the road travelled to Now.
"Moving On" is only possible with Accepting the Gift of the Executioner's Blindfold. I Spit.
"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same,........
"Or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free" Ronald Reagan
In 1980 Silver hit around $50. This was the high water mark. It hit $50 again twenty odd years later when $50 2008 Dollars were certainly not worth fifty 1980 Dollars. For reasons no one has been able to adequately explain Silver never goes anywhere except for a short sprint every couple of decades and then crashes back. Very odd based on the claims that it is in huge industrial demand and mostly recovered as a byproduct of mining for other things from PGM's to coal.
The 1790's ratio of about 15-1 Silver to Gold has obviously been blown away. Metal prices can give us a rough idea of how much of an f'ing we have been given by the "not federal" Federal Reserve System. For those unaware, the Federal Reserve Bank is merely the name of a privately owned bank which for reasons known only to God and a few conspiring bankers and politicians in 1912-13 has been granted powers to control the US money supply and issue fiat currency. Using the famous $5 a day revolutionary daily wage of Ford Motor Company in the early 1900's with Gold at $20.60, a worker was paid a $1,300 annual wage equal to 63.1 ounces of Gold, or about 1,010 ounces of Silver as a Silver Dollar has about .78 of an ounce of Silver. In Gold, the 1910 factory worker would today be paid $211,637. In Silver, a little under $40,000. It just doesn't add up does it?
The Currency Act of 1792 states a Dollar is 371.25 grains of pure Silver, or its market equivalent in Gold. The Death Penalty was prescribed for debauching, counterfeiting etc. In other words, the Founders would not have tolerated any of this crap.
My dad bought an estate collection of 500 real silver dollars several years ago. I'll have to let him know how his investment is looking. 😎
The banking cartel profiteering in practice is the NON-federal No reserving bank system.
In understandable terms:
An Austin, TX small size home purchased in 1965 for $13,500 sold in 2015 for $525,000. INFLATION!
One U.S. dollar (silver dollar) as defined in the Coinage Act of 1792 contained 371.25 grains of pure silver. A dollar was to contain 371.25 grains of pure silver. The total weight (including alloy) was 416 grains, because the coins were 89.24% silver and 10.76% copper. Consider 90% purity in a silver dollar coin.
Consider as of 07/15/2025 a silver Eagle ounce is $38 (99%). So a dollar would from 1798 would be about $35 now (spot+premium +/-).
INFLATION breaks the working person.
right on Mama, or Papa in the words of ingenious Matt Bracken
Boomers take such a hard rap not so much for their luck at being born right time right zip code, but for their complete inability to understand said same acting as if they alone created all that abundance and wealth. Only an ignorant fool, village idiot, or a boomer comes up with the bootstraps mantra and THEN sticks to that idiocy when all the evidence makes plain what is going on. They justly deserve whatever comes their way and hopefully it involves eating cat food the last 10-15 years of their life while living in a darkened basement of some foreign worker who bought their home
There was a year when JFK halves were 50% silver. 64, I think. Be sure to get a dealer with no paperwork.
Yes, they were 40% silver for a year or so (1965) but I thought it would be a distraction to mention it.
$USD and the bond complex are fine for now. Metals will sell off when equities drop 85%.
Population crash takes out the debt world, be patient.