Gold and Silver vs. Paper
Gold and silver are enjoying good times, with new highs being registered on a frequent basis as they continue their multi year bull run. We coin collectors mostly like that; by our very nature we tend to be a hard money bunch. We hanker after the good old days before 1933 and 1965, when you could swap your paper buck for its equivalent in gold or silver. Looks like we’re not the only ones; there are movements afoot in both South Carolina and Utah to dump the Federal Reserve Notes and return to the days of yore:
South Carolina Lawmaker Seeks to Ban Federal Currency
As always, though, there’s a different side to the story. Numismatic News, which has lately been in thrall to a Michigan gold dealer (amazing how he takes those worthless paper dollars in exchange for his wares) published a series of articles by V. Kurt Bellman that argue for the fiat system we use today. He holds that all that glitters is not gold, and that today’s currency has value apart from its intrinsic worth. Hope you enjoy the Point / Counterpoint.
No comments yet.
Leave a comment
You must be logged in to post a comment.
Clubs and Associations
- American Numismatic Association
- American Numismatic Society
- British Numismatic Society
- Central Ohio Numismatic Association
- Central States Numismatic Society
- Florida United Numismatists
- Numismatic Society of India
- the Cincinnati Numismatic Association
- The Royal Canadian Numismatic Association
- The Royal Numismatic Society
Coin Links
- Boy Scouts Merit Badge
- Buffalo Nickels
- Bureau of Engraving and Printing
- Calculate your coin's gold, silver, or metallic worth
- Coins & Currency in Colonial America
- David Lawrence Rare Coins Reference Library
- Dayton Metro Library – Coin Books
- Fixing PVC damage
- Indian Head Cents
- Legandary Coins and Currency from the Smithsonian
- Medalblog
- Mints of the World
- Monnaie de Paris
- NapoleonicMedals.org
- raregoldcoins.com
- Royal Canadian Mint
- Smithsonian Institution Collection
- Starting a coin collection
- The Kittredge Collection
- The Perth Mint
- The Pobjoy Mint
- The Princeton University Numismatic Collection
- The Royal Mint
- United States Mint
- University of Virginia Coin Collection
- Where is my coin from?
Coin News
Miami Valley Coin Dealers
Speciality Clubs
- American Tax Token Society
- Barber Coin Collectors' Society
- Dayton Diggers Metal Detecting Club
- Early American Coppers
- Encased Collectors International
- Fly-In Club
- Liberty Seated Collector's Club
- Medal Collectors of America
- National Token Collectors Association
- Numismatic Bibliomania Society
- The Bust Half Nut Club
- The Civil War Token Society
- The Colonial Coin Collectors Club
- The Elongated Collectors
- The John Reich Collectors Society
- The Society of Paper Money Collectors
- The Token and Medals Society
- Unrecognised States Numismatic Society
- Worldwide Bi-Metallic Collectors Club