The True Value Of Silver With Jim Rogers! Silver Price Prediction! - Smart Money Must Video

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The Constitution defines $1 as 0.7734 oz Troy of SILVER, no mention of gold. Properly, an Amendment to the Constitution may be required to instute a gold standard for our money.

Silver has become too scarce for coinage, with its consumption by industry. It may become rarer than gold, with an unpredictable value.

The world needs a gold standard, and powers in Eastern Europe, Asia and Africa are moving in this direction without the participation of the USA. The US fiat dollar is loosing its lustre.

The 1834 standard for the US gold EAGLE ($10) was 15.046 grams of gold. I suggest the USA switch immediately to this EAGLE as standard (rounded off to 15.000 grams? or to an even half-ounce=15.55g?), shut down the Fed, and, after a six-month sale of one EAGLE = $50,000 physical Fed notes in CASH, then abandon (don’t honor) the Fed reserve note dollars or associated debts.

Gold at this point will be about $100,000 Fed dollars per ounce Troy, then after the six-months, the Fed dollar will be worthless.  Gold, and the gold-backed dollar, will settle into its natural worth in international trade.

Obviously future CURRENCY will need to be in various DOLLARs- and CENTs-denominated notes (fully redeemable in gold by the Treasury), with coinage denominated, say, in MILs (1000 mils to 1 cent). Old coinage will be replaced at the rate of old 5 cents = new 1 mil.  Going forward, expect the DOLLAR to be worth, in buying power, about $5000 of today’s reserve notes. 

Hopefully Bix Weir is right, that the USA has tons of gold in the Grand Canyon, and Clinton didn’t steal all US gold from Fort Knox back in the 1990′s.  Confiscate all the gold and silver from the evil-doers !

Here’s an easy to remember list for the kids :
1 EAGLE = 10 DOLLARS
1 DOLLAR = 100 CENTS
1 CENT = 1000 MILS
10 MILS = a candy bar.