Sunday, December 12, 2010

Silver Funny Money vs. Silver Dollars!

In 1963 the United States printed the last Silver Certificates as the government began leaving the silver monetary standard behind. These paper dollars differed from Federal Reserve Notes (FRN's), also in circulation at the time, in that they could be exchanged at a Federal bank for an actual silver dollar in coin. The certificates were freely exchangeable for the coin silver until June 24, 1968, when they reverted to the unbacked fiat status of their step brothers the FRN.

Anyone who had $1000 in Silver Certificates and kept them could sell them today at a small collector's premium for a total around $1500. However, a wiser investor would have exchanged the green paper for silver dollars before the June 1968 deadline. Indeed, the holder of 1000 silver dollars now could sell those pieces of "real money" for a minimum of $23 a piece today, for a total net worth of $23,000!

The lesson is simple. If you have a choice of paper promises of the US government or cold, shiny silver, take the silver coin and run!
Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):



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