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To: american spirit
Yes we still have lawful money but it trades at a premium to the current paper scam. Just like it did during the Civil War.

Silver Eagle dollar 1 troy oz coins are anywhere from $7-9 each.
Gold Eagle dollar coins are minted as 1/10, 1/4, 1/2 and 1 troy oz coins. The values on the coins are $5, $10 (should be $12.50), $25, and $50. A 1 Troy oz gold eagle can be purchased at about $15-25 over the current spot gold price.
(Smaller coins have higher premium because they can be used in jewelry as necklaces and rings.)

That would put real constitutional money as $1 real money is equal to about $7.25 in Fed Notes. Or a 7.25:1 ratio in exchange.
31 posted on 02/13/2003 2:31:29 PM PST by Chewbacca
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To: Chewbacca
The 7.25:1 ratio was only for gold at the current spot market gold price.

For silver the market values the spot price at 1:4.56 currently.

Thus silver is undervalued and a screaming buy of a life time for investment purposes!
32 posted on 02/13/2003 2:34:36 PM PST by Chewbacca
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To: Chewbacca
Good info....talking about ratios, I can remember when gold sold around $35.00 and ounce back in the 70's (?) so if gold is now in the vicinity of $350/oz could we say the FRN's have been devalued to around 1/10th of their value from 25-30 years ago? When we look at the exhorbitant amount of inflation from then to now it kinda makes sense doesn't it?
41 posted on 02/13/2003 3:52:31 PM PST by american spirit
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