The US Constitution declares ONLY Gold or Silver to be legal tender in the US.
In the 1860s when Salmon P. Chase was head of the US Treasury he declared Greenbacks to be just as good as gold.
When Salmon P. Chase became head of the US SUPREME Court he declared ONLY Gold and Silver to be legal currency.
Then in the 1930s came FDR.
I remember in 1965. Bankers started buying up land like there was no tomorrow. A farm would be sold to them for $15,000. Then LBJ took silver out of the money giving us worthless clad coinage. Suddenly that same farm, now owned by the bank, would sell for $25,000. Now it is worth millions.
I noticed lots of land companies wanting to buy our small acreage. I get 3-5 offers a week. I feel we are about to see something similar to 1965 happen in the US in which land prices will skyrocket up, Up, UP!
Now I think of it, they already have. Houses selling for $12000 in 1970 now cost $250,000. Farm acreage is being bought up fast and converted into sub divisions with high dollar homes on them. Land (13 acres) I could have bought for less than $30,000 two years ago now is up for sale at half a million dollars.
Same here only worse.
Land that was $10,000 and acre when we first moved here, is now well north of $500K............