Silver’s Big Problem – LEGAL TENDER & The Devaluation Of The Dollar

Here's one of the main problems holding silver back, and a major indicator that the dollar has been massively devalued over time. However, it's also important to understand the laws and legality surrounding using silver as it is intended to be used – which unfortunately gets in the way of what I view as one of its biggest strengths. People have gone to jail for a long time by trying to pay people in legal tender that happens to be silver or gold monetized coin, and I feel as though they should be able to as long as that silver coin is not demonetized. What is your opinion on this issue?

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11 Comments on “Silver’s Big Problem – LEGAL TENDER & The Devaluation Of The Dollar”

  1. This was a case before the courts
    Employer offered the option of Gold coins instead of cash. They claimed the coin’s face value on their taxes. Employer got about 20 yrs in prison. The courts were wrong, but it’s just them, not justice.

  2. So, in addition to your many other acknowledged talents (and I’m not joking, you’re obviously very bright), you have the legal skills to opine on this issue? I rather think not, because the truth is that, if you agree to pay someone in silver or gold, and they agree to accept payment in that form, such transactions are, indeed, legal. That’s does not mean, or doesn’t necessarily mean, that the silver is deemed to be “legal tender” in the same sense that cash is legal tender. What it does mean that the parties determined to accept the gold or silver being transferred as appropriate consideration for the item being sold. If you just mean that silver and gold cannot be designated as “legal tender” in the same way that cash is treated, you’d be right, but that’s rather a different question.

  3. Minimum wage takes care of that- but leaving the country the low dollar denomination is what you want.

  4. THANKS FOR THE VIDEO MY SO GREAT AND ADMIRED CHRISTIAN.EVERY WEEK ITS A JOY COUNT WITH YOU IN THIS GREAT HOBBIE AND WITH TREASURE TOWN COINS TOO……..👍🇺🇸🗽❤

  5. Great Video Christian. I list items on Kijiji and quite often take trades in Silver Dollars.
    Our Tax laws are a little different here in CANADA, regarding “Small Business” Tax Rates, too. What do you think of Sterling Pieces, Chris? Antique and Really well known Makers, I have a few pieces well over a lb. each. Like one is from c.1870, and others c. 1900?
    Keep up the great work buddy.

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