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The official U.S. Government price for silver is $1 per oz, at most.
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Thread: The official U.S. Government price for silver is $1 per oz, at most.

  1. #1
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    Post The official U.S. Government price for silver is $1 per oz, at most.

    The Official U.S. Government Price for Gold is $42.22/oz.

    Yet they issue this gold bullion coin at $50 face.



    So when I see the ASE as ONE DOLLAR face,



    it is reasonable to think that they apply the same logic to silver,
    and the Official U.S. Government price of silver could be less than the face.

    I have yet to find the actual official government price of silver, which seemed a bit strange at first, until I thought about the globalist bankster kabbal capture of the federal government.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

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    With that being the case then the government is over charging for the product which in many instances, such as natural disasters, would be considered price gouging. For instance if plywood is need before and after a hurricane a store can sell the item for 30%-50% due to supply and demand but if another store is trying to get 110% more for the same item for the same reason the government can penalize the company, where is our right to penalize them? Oh yea we have losts those years ago.
    Good decisions comes from experience, experience comes from bad decisions.

  3. #3
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    Thumbs down The federal government has already shown its true nature over and over again.

    One of my primary motives for this particular thread is the contents of this excellent web page:
    Beware: Official U.S. Government Price for Gold is Only $42.22/oz.

    Quoting a few paragraphs from it...

    On March 6, Roosevelt ordered every bank in the nation closed and prohibited banks from paying out withdrawals in gold or dealing in foreign exchange. On April 5, he issued Executive Order No, 6102 which stated in Section 2: “All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or branch all gold coin, mold bullion and mold certificates now owned by them.”

    Americans had less than a month to comply and received only $20.67 per ounce in fiat paper money and silver coin for their gold. Violation of the order was punishable by up to a $10,000.00 fine and/or up to 10 years in prison, plus confiscation of gold forfeited to the government.

    For many decades now Americans have been allowed to own gold and silver and, despite gold and silver trading in the vicinity of $1200/oz. and $18/oz. respectively, the “official” price of gold is still $42.22 per ounce.

    As such, all holders of gold bullion coin should take the “official” price of $42.22 per oz. very seriously when accumulating gold for protection. If not, you could be setting yourself up for a hard lesson in how our government may treat that bullion in the future. If you think that cannot happen read this:

    In 1979 The Franklin Mint shipped a substantial number of Krugerrands on TWA. The shipment was lost by TWA, so the Franklin Mint sued to recover its loss at the actual market price of gold. In Franklin Mint Corp. vs. Trans World Airlines, the Supreme Court ruled that gold bullion values in commerce are limited to $42.22 an ounce. That’s all they received!

    The United States has seen four different gold confiscations — the last of which was in 1933. Few people realize that when the freedom to own gold was restored in 1972, the President retained the power to require us to surrender our gold which he can do again any time (probably on a Friday) with the mere stroke of a pen.

    That means all confiscated gold could possibly be compensated at only $42.22 per 1oz. and not at the world market price. Don’t take this decision lightly. It is a blatant warning that the government may be contemplating grand larceny — AGAIN.



    Quote Originally Posted by immobileman View Post
    With that being the case then the government is over charging for the product which in many instances, such as natural disasters, would be considered price gouging. For instance if plywood is need before and after a hurricane a store can sell the item for 30%-50% due to supply and demand but if another store is trying to get 110% more for the same item for the same reason the government can penalize the company, where is our right to penalize them? Oh yea we have losts those years ago.
    The U. S. Mint is legitimate. The U. S. Treasury is not.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  4. #4
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    Quote Originally Posted by immobileman View Post
    With that being the case then the government is over charging for the product which in many instances, such as natural disasters, would be considered price gouging. For instance if plywood is need before and after a hurricane a store can sell the item for 30%-50% due to supply and demand but if another store is trying to get 110% more for the same item for the same reason the government can penalize the company, where is our right to penalize them? Oh yea we have losts those years ago.
    WRONG.

    Penalties (or threats thereof) would only be levied if ALL business were selling plywood at 110% -- like ALL oil companies are doing with their gasoline products. If ONE store is selling at a reasonable market rate and the other is not, then there remains access to reasonably priced plywood. The OTHER business will simply not sell any plywood...until the other store runs out...but then people might seek other options first before buying plywood marked up 110%. Loss of sales/profit would be the "gouging" company's own self-imposed penalty.

    Not sure what you are getting worked up over.
    What does it cost to make a penny? $0.0125? 25% MORE than face value.
    What does it cost to make a $100 bill? $0.10? 99.9% LESS than face value.

    You ever buy or sell any gold or silver at face value? Likely not.
    The gov't can place any price it wants on PMs for their own accounting practices, the GLOBAL market will decide their value.

    If you don't like to be "gouged" buying the plywood of precious metals (which it is not), then go buy some other plentiful non-US Gov't/non-legal tender silver. Put the USMint out of business. Let the consumer penalize them with no sales.

    But that doesn't make a good conspiracy story, does it? LOL!!!
    Caedite eos.

  5. #5
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    Default Haste makes waste.

    I neglected to quote the most relevant paragraph on that page.

    Silver Confiscated in 1934

    On August 9, 1934, Roosevelt issued a Presidential Proclamation ordering all silver bullion be surrendered to the U.S. Treasury within 90 days. A 50% tax was also levied on all profits realized from the sale of silver. People were paid 50.1 cents per ounce.


    This makes junk silver a little more attractive, does it not?

  6. #6
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    From Investopedia:

    Bullion: Gold and silver that is officially recognized as high quality (at least 99.5% pure), and is in the form of bars rather than coins.


    From Wiki:

    "Precious metals in bulk form are known as bullion...The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money."


    From Miriam-Webster:

    bul·lion noun \ˈbu̇l-yən, -ˌyän\
    1
    a : gold or silver considered as so much metal; specifically : uncoined gold or silver in bars or ingots



    So....what are you so worried about?
    By definition gold/silver eagles coins are not bullion.

    Oh...and just how many people went to jail because they didn't turn in their precious metals way back when? Was it ONE? Yeah, it was ONE.

    Go conspiracy! LOL!!!
    What a way to "live" life....
    Caedite eos.

  7. #7
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    Default Which is the better source?

    The definition as interpreted by a kabbal apologist (nothing to see here, move along), or the government itself?

    U.S. Mint web page: American Eagle Bullion Coins for Investors
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

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    US Mint: "A bullion coin is a coin that is valued by its weight in a specific precious metal."

    Too bad their "bullion" coins are also legal tender.
    So you're telling us that the gov't would make possession of legal tender ILLEGAL????


    Or for a more apropos Mint definition of "bullion":

    http://www.usmint.gov/kids/campCoin/glossary.cfm?term=intrinsic%20value%20%28bullion%2 0value%29

    Hmmm...."intrinsic value" is now the same as "bullion value"????
    The gov't is dumb, and continues to produce dumb kids.

    From Investopidia:

    What Does Intrinsic Value Mean?
    1. The actual value of...an asset based on an underlying perception of its true value including all aspects...in terms of both tangible and intangible factors. This value may or may not be the same as the current market value.

    Hmmmm (again)....there is far too much confusion involving silver.
    I'll just stick with my 20-year forecast and live a happy life.
    Caedite eos.

  9. #9
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    Read an article this week that part of the Geitner's plan to deal with the debt ceiling may be to sell off the U.S. assets in gold. The estimated total is between 600-800 billion. If we get to a point of confiscation there will likely be a revolt in our country.

  10. #10
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    Quote Originally Posted by avcat View Post
    Read an article this week that part of the Geitner's plan to deal with the debt ceiling may be to sell off the U.S. assets in gold. The estimated total is between 600-800 billion. If we get to a point of confiscation there will likely be a revolt in our country.
    I tend to agree, they will find that people, their independence and attitude have changed a lot from 1934. Most Countries that issue coin Series, also issue them as Legal Tender of various denominations. If they don't have a denominational value, they are called Medals, or Pieces of Silver or Rounds NOT Coins. Coins by definition, mean Coinage; which in itself has denominational Value.

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