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New Money System: Return to the Silver Certificate

 
maya12-21-2012
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User ID: 407782
United States
08/04/2008 06:59 PM
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New Money System: Return to the Silver Certificate
Would you be willing to use a new money system based on silver if it meant that you'd need to have two different currencies at once until the current system collapses?

Ideally, this currency would be used in smaller stores who approve of this currency.

Our current system is comprised of "ink paper" worth essentially nothing but the paper it's printed on. If we created a new silver certificate, it would have value, even in a recession.

Your thoughts?
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Anonymous Coward
User ID: 471449
United States
08/04/2008 08:15 PM
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Re: New Money System: Return to the Silver Certificate
There isnt enough silver above ground to back the money for 1 decent size city! Dude you need to do some research, silver is in very short supply! There is way more gold above ground than silver! Try starting here.. [link to www.investmentrarities.com] then go to... [link to www.silver-investor.com] and read this... [link to forums.silverseek.com] Unless silver was 5 million an ounce it would be impossible!
Anonymous Coward
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08/04/2008 08:16 PM
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Re: New Money System: Return to the Silver Certificate
and here... [link to forums.silverseek.com]
Anonymous Coward
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08/04/2008 08:17 PM
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Re: New Money System: Return to the Silver Certificate
and here... [link to www.silver-investor.com]
Anonymous Coward
User ID: 272356
United States
08/04/2008 08:35 PM
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Re: New Money System: Return to the Silver Certificate
There isnt enough silver above ground to back the money for 1 decent size city! Dude you need to do some research, silver is in very short supply! There is way more gold above ground than silver! Try starting here.. [link to www.investmentrarities.com] then go to... [link to www.silver-investor.com] and read this... [link to forums.silverseek.com] Unless silver was 5 million an ounce it would be impossible!
 Quoting: Anonymous Coward 471449

AC here is right there is not enough specie (gold/ silver) to support our economy. There would be an immediate constriction of the money supply which would lead to deflation of prices initially and as the economy ground to a halt we would then see super hyper inflation.

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