$3.50 SILVER, $35.00 GOLD...steemCreated with Sketch.

in #sound-money4 years ago (edited)

image.png

The Melt Value of Gold and Silver needs to be lower than the Face Value of our U.S. Bullion Coinage...

Stop thinking in Terms of Fiat Dollars and start thinking in terms of Sound Money Dollars...

Since the Face Value of our $50 Dollar Gold Eagle is Fifty Dollars, its Melt Value needs to be $35 per ounce in "Sound Money"...

And since the Face Value of our One Dollar Silver Eagles are lower than the Future $3.50 Melt Value of Silver, we will need to Discontinue the One Dollar Silver Eagles and Replace them with new Five Dollar Silver Eagles...

This will bring the Face Value of the Five Dollar Silver Eagle above Silvers Future $3.50 per ounce, Melt Value...

This will be one of the Required Changes needed for our Bullion Coinage...

The other Change will be the Weight Change of our Ten Dollar Gold Eagles, from 1/4 ounce to 1/5 ounce for obvious reasons...

Anyway...

Our Circulating Sound Money will be in Perfect Balance with our U.S. Bullion Coinage...

Feel free to question anything I write...

August 3, 2020... 16.9 Hollywood Time...

Sort:  

Hmmm don't think GSR would be that high then. May be $7 silver $350 gold?

The Silver/Gold Ratio will be "SET" at 10 to 1...
I corrected my Title...lol...
August 3,2020... 17.1 Hollywood Time...

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.034
BTC 63900.40
ETH 3140.82
USDT 1.00
SBD 3.98