Quote
Edit Link Streetwise News Article Print Delete

Silver Stock Report "... But the biggest problem today is that the dollar, as we know it, has become corrupte' and now does not mean a weight of silver at all, but it is merely a "unit of account'."(4/9/07)

ReportEnergy
Quote"...So, what should the government do? How will we transition from our current monetary system, to gold and silver?

Here's my suggested improvements to the Government's current gold and silver coin program. I have outlined a way for employers, or state governments, or any nation in the world, to use silver coins, in a world that uses paper dollars, in my "Silver Coin Proposal".

Gold and silver are ideally measured, and valued, in terms of ounces, not dollars.

The U.S. Constitution gives the Congress the power to determine the price of gold, in terms of dollars, but it defined a dollar as an amount of silver. That may work, as long as a dollar is simply a measure of a weight of silver, about 72% of a troy ounce. But the biggest problem today is that the dollar, as we know it, has become corrupted, and now does not mean a weight of silver at all, but it is merely a "unit of account".

And it is exceedingly difficult to fix an honest weight to dollars if there are too many dollars.

Therefore, an ounce of gold should be priced in terms of the number of ounces of silver, as the Constitution implies."(4/9/07)