SILVER ART BAR OLD TIMER, MINER AND MULE ONE TROY OUNCE

DID YOU KNOW THIS...

HARD MONEY: This refers to gold, silver and other precious metals. Our present currency is now backed by Treasury Bonds or Treasury Bills. In other words it is paper backed by more paper, little more than an IOU.

The dollars we spend today are not backed by the gold at Fort Knox  or our strategic silver reserves at West Point.    Some circulating paper dollars have a promise to pay the bearers on demand.

Pay what?  We use fiat money, which is defined as money nonconvertible to coins or specie of equivalent value.    Most hard money people feel that our dollar is near worthless and it's just that no one has caught on to it yet.

Hard money  advocates  feel that the national deficit is so great,  the day will come when the government will have to repudiate the  U.S. dollar, renounce the national debt,  and start over again with money backed by silver and gold as it was in the US before the Federal Reserve act  of 1914.  

The basic hard money premise is that some day a person will go into a bakery with a silver dime in one hand,  with a $100 bill in the other.  The baker will reject the $100 bill, as it is merely paper and sell the loaf of bread  for that silver dime. 

This, of course,  would happen only during a run-away inflation, an event that has occurred at more than 100 times this century in different countries throughout the world. It could happen here.   Many expect it. The first sign that the hard money people might be right would be escalating inflation.

THERE ISN'T ANYTHING LIKE OWNING GOLD AND SILVER FOR PEACE OF MIND 

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