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POSTED BY: administrator on 11/01/2009 07:01:38


It’s not too long ago the dollar was as good as gold. In fact, dollar bills were labeled gold certificates, so just imagine if the dollar was as good as gold once again. If confidence is one of the failures of our financial system right now, would a gold standard restore the faith and confidence and allow us to move on? The loudest voice in favor of dumping the faith based Federal Reserve System going back to the gold standard is Congressman Ron Paul.

 http://www.ronpaul.com/





POSTED BY: administrator on 11/01/2009 20:54:21


A good point to make, is way back in the day a loaf of bread cost 25 cents. The 25 cent piece was a silver coin. Today a loaf of bread cost between two to three dollars.

Quarters was minted composed of 90% silver and 10% copper.

$2.9405 is the rounded silver value for the 1932-1964 silver quarter on October 30, 2009. This is usually the value used by coin dealers when selling these coins at melt value.

How about a nice suit, back in the day one could get a nice suit for a $20.00 dollar gold piece. Today a nice suit cost around a thousand dollars.

A 1849-1907 $20.00 dollar Liberty Double Eagle is worth $1006.39 dollars for it's gold. Today you can get a nice tailored suit for about a thousand dollars.

A old copper penny (1909-1982) is worth 19 cents or $0.0193556 for it's copper. A new (1982-2009) zinc penny is worth less then 1 cent, $0.0056157.

It sure looks like we are getting screwed to me.




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