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I cannot thank @familyman20181 for his work on the Precious Metals market. This distillation of facts into a series of tweets speaks to years of experience and a full understanding of the facts (Not Fake News). I will refer to it often in up coming tweets on #12USC411.
Why do I advocate coins or #12USC411 as opposed to Gold and Silver? Firstly I have claimed my stake in AU/AG years ago. Standing pat. But everyone needs to diversify. As plain as the nose on my face, there is risk my nose gets cut off. Then what?
The stock market is rigged too. I have pointed many a DM to "Cede and Company", to understand who really owns that stock you just bought. Try to take possession of any stock certificate you own. I dare you. Not in your hand? Its another's liability
Bonds I don't understand. Never speculate in areas you don't understand. Real Estate/Fine art collectibles ibid. I use #12USC411 for tax avoidance only since lawful money and FRN's perform the same function, the physical possession did not matter to me until....
Trump integrates Fed into Treasury. Trump starts tweeting about ending the payroll tax. Q says Gold will destroy the FED. The kicker, coin shortage announced followed by currency being destroyed to be replaced by clean (re:not tainted) currency.
Now I understand that #12USC411 lawful money is more than just a tax strategy. There is profit to be made at no risk.
Ground work::
We are said to be moving to a Constitutional Government. You know I am big on definitions and meaning.
What defines a Dollar? The Constitution...
Ground work::
We are said to be moving to a Constitutional Government. You know I am big on definitions and meaning.
What defines a Dollar? The Constitution...
And US Law. To begin read the article: https://deanclancy.com/the-constitutions-seven-money-clauses/#:~:text=A%20constitutional%20dollar%20equals%20371.25,worth%2077.34%20cents%20in%20FRNs.
The 5 basics from this article is:
The 5 basics from this article is:
1. The basic unit is the dollar, a silver coin containing 371.25 grains of pure silver.
2. Only gold or silver coins and currency (specie-backed banknotes) can be legal tender.
3. No state may issue coins or currency.
....
2. Only gold or silver coins and currency (specie-backed banknotes) can be legal tender.
3. No state may issue coins or currency.
....
4. No one may counterfeit U.S. Government-issued coins or currency.
5. Fiat money notes (‘bills of credit’) are forbidden.
5. Fiat money notes (‘bills of credit’) are forbidden.
From here we see that 1. a dollar is defined in terms of silver. If we return to Constitutional Government the dollar will be, not quite an oz of silver. Coins are alloy of other metals to give it durability so the weight of the coin will be brought to 1 oz.
As @familyman20181 pointed out, silver is the more heavily manipulated. This will be the indicator of when the transition will occur. The manipulation will have to stop and the free market will determine the price of silver in terms of FRNs
As soon as that happens we will know the value the exchange rate for the old FRN to the new USN.
1 USN = 1oz AG
1 oz AG = x FRNs
Twitter not formatted for math so you do it. Boils down to many FRNs will be needed to buy 1 USN at the new valuation.
Now the value prop for coins
1 USN = 1oz AG
1 oz AG = x FRNs
Twitter not formatted for math so you do it. Boils down to many FRNs will be needed to buy 1 USN at the new valuation.
Now the value prop for coins
If you buy silver at $15/oz you will profit well
If I buy a dollar coin for a dollar FRN which will essentially be 1oz of silver on reset what is my profit? Larger to say the least. Diversified and hedged so to speak.
Risk Reward. Reward is I profit better of two strategies...
If I buy a dollar coin for a dollar FRN which will essentially be 1oz of silver on reset what is my profit? Larger to say the least. Diversified and hedged so to speak.
Risk Reward. Reward is I profit better of two strategies...
Risk: Trumpsara does not occur. Manipulation is restored price of silver plummets. Silver owners loose (based on when they bought)
$ coin purchaser still has a $ coin valued at 1 $. No loss. My strategy is a No risk, high reward. Metal is moderate risk, high reward. You judge
$ coin purchaser still has a $ coin valued at 1 $. No loss. My strategy is a No risk, high reward. Metal is moderate risk, high reward. You judge
