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My research on that issue has tended to contradict this. Silver having so many uses in industry, the desire was to stop the silver certificates.
Here's what Wikipedia has on this:
This executive order amended Executive Order 10289 (dated September 17, 1951)[1] by delegating to the Secretary of the Treasury the president's authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act, as amended by the Gold Reserve Act.
The order allowed the Secretary to issue silver certificates, if any were needed, during the transition period under President Kennedy's plan to ELIMINATE Silver Certificates and use Federal Reserve Notes.
I don't have the link to the Executive Order.
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With respect to the other countries stocking up on gold, there's a couple of thoughts. One is that sanctions (considered by some such as Russia to be WAR) can be mitigated by establishing monetary system outside the existing one dominated by USA.
The other is that appropriate restructuring in response to 2008 meltdown didn't happen, and it's time to restructure the system anyway. IMF wants to set up a basket of currencies US, UK, Japan, EU, Russia, and China IIRC. China doesn't yet have enough Gold for what they want to do.
There are others that think that a system collapse is coming that will make great depression look pale by comparison.
Hard to say. But if the Central Banks are buying gold, it might not be a bad idea to buy some if one has some money to spare. I tend to buy food, and other necessities that will likely be more expensive if another crisis hits.
I'm afraid of that too.
Hard to say. But if the Central Banks are buying gold, it might not be a bad idea to buy some if one has some money to spare. I tend to buy food, and other necessities that will likely be more expensive if another crisis hits.
I'm thinking of adding a couple more kWs of solar power; maybe an underground bunker. ;)