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Hart
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When Central Banks Re-build Silver Reserves

- Charleston Voice -

As I understand it (hopefully someone can provide more details) the coins mentioned are minted by the government of the country they are issued in and as such carry a "dollar" value meaning they are money according to the same government. Now you would have to be a real fool to take a 1oz American Eagle gold coin and buy something that costs $50 with it but the point is the coin is considered legal tender just as a $50 bill is legal tender. Bars are exactly that, gold or silver bars not minted by a government to be used as legal tender. Not all coins, think of the Buffalo gold and silver coins, are legal tender.

So if I am incorrect and someone knows the specifics please do share.

Commented 3662 days ago

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Beginning of the headline :It's useful to know the silver reserves of central banks at one time in history. This is a FRB Bulletin from 1923. At one time, say up until the early 1960s the US Treasury held as much as 4 BILLION ounces, as I recall. Now, the Treasury is without any = ZERO! It cost us every last ounce to try and stem the run on the dollar... Read More

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