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The Precious Metals Guarantee

by Dr. Jeffrey Lewis, Silver-coin-investor:

A friend recently sent me a picture of a 1957 $1 silver certificate he found in his change while buying a cup of coffee. He’d been a coin collector as a kid and learned that his father carried nearly the same note in his wallet.

When I brought up Gresham’s law and the recent news that U.S. public and private debt had just breached the $18 trillion mark, it made very little impression, other than a brief pause in thought, though barely recognition.

Gresham’s law is still in effect, but as some sort of novelty.

Read More @ Silver-coin-investor.com

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