SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : THE WHITE HOUSE
SPY 689.100.0%Jan 23 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sedohr Nod who wrote (11102)11/19/2007 10:25:12 PM
From: DuckTapeSunroof  Read Replies (1) of 25737
 
Re: "I don't think the silver coins were the problem....it was the copper "dollars" backed by reserves." [...Agents also raided the Idaho minting company that makes the organization's medallions, seizing the huge pallets of silver and gold stored there, von NotHaus said.]

Thanks!

So it seems that the 'problem' was in selling something that was ACTUALLY BACKED by precious metal in storage - unlike the fiat paper currency now printed by the US government <G> - so that it could be seen as a potential 'rival' in the marketplace.

That clears up the question. Now I understand.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext