Ron Paul Means More Pm For Us?

I think he means that if silver goes back into circulation that he would get more silver coins?

I dont think that will happen. Say the US makes the coins 90% silver like they did before, it would cost them $2 to make a 10 cent coin.

You appear to be confusing the gold standard with the silver standard. They are two separate things. It's entirely possible for a country to be on the gold standard but not issue any silver circulating coins. Most of the world was under such a system up until 1971.


A return to the silver standard has been discussed ad nauseam on the forum before. As much as many folks would like it to happen, it just can't happen - there's not enough silver to go around any more.

As for more PM for you, the answer would still be "no". If the government continued to issue base-metal coinage side-by-side with the silver coin, the silver coin would be hoarded and you would never find it in circulation. You can't beat Gresham's Law. The US government can't even issue a new base-metal circulating $1 coin properly; how do you think a circulating silver coin would fare any better?

That's why I'm not sure we'll see much of a change in the PM markets when the choice is between a rino or a donkey.

SAP Said,




And most people have no idea how very true that statement is.
With the ever increasing uses of Silver in the Electronics and the Medical Fields and then just being disposed of into local land fills.
Among other serious supply demand fundamentals, Silver is the Metal for me

If the dollar is adjusted to be at or slightly more then the base metal content, then people will be less likely pluck the currency from circulation.
This is the reason people don't collect zinc or steel coins, the face value is above the metal content value.

Even steel or zinc coins could be plucked from circulation if the fiat face value weakens in relation to the value of the metal.
Having your dollar tied directly to silver (or gold) avoids this.

As far as not having enough physical metals to make coinage, I think it's doable.
First of all, the "one dollar" has inflated to around $27 today. (Whatever silver closed at last.) So in effect when you return to silver, you will be removing 26 out of 27 dollars, so there is no need to create wasted dollars.
You would see prices instantly adjust to what some of the older crowd here remembers, (you can buy gum for a nickel, a $26,000 car today will cost $1000 etc.)

Also you can make a bi-metal coin similar to a Toonie, that has the precious metal suspended in some other base metal.
We also have other metals to consider, like titanium, palladium, platinum etc, ad various alloys.

You still have the infrastructure in place for producing coin. Silver won't cost the government anymore then stamping a zinc penny. It should cost less, your money is supposed to be already in the Federal Reserve.
Your mint would save money by not having to produce disposable coins, like zinc and steel.
Plus they will be producing a much smaller number, a ratio of 1:26 face dollars vs today.