(1/5)

"How could the US return to the Gold Standard?"

“25.”

What follows is the short and easily digestible explanation. But first, a very brief historical refresher (we are going to skip over a lot of relevant information and several different coinage acts in order to get straight to the point):

With the Coinage Act of 1792, America started off not with a true “gold standard” currency but a bi-metallic bullion standard of gold and silver currency (lasting until the Coinage Act of 1873, ushering in a true Gold Standard), defined as follows:

>Eagles, $10.00 face value, 247 4/8 grain (16.04 g) pure or 270 grain (17.5 g) standard gold

>Half Eagles, $5.00 face value, 123 6/8 grain (8.02 g) pure or 135 grain (8.75 g) standard gold

>Quarter Eagles , $2.50 face value , 61 7/8 grain (4.01 g) pure or 67 4/8 grain (4.37 g) standard gold

>Dollars or Units, $1.00 face value , 371 4/16 grain (24.1 g) pure or 416 grain (27.0 g) standard silver

>Half Dollars, $0.50 face value , 185 10/16 grain (12.0 g) pure or 208 grain (13.5 g) standard silver

>Quarter Dollars , $0.25 face value, 92 13/16 grain (6.01 g) pure or 104 grains (6.74 g) standard silver

>Disme (dime), $0.10 face value , 37 2/16 grain (2.41 g) pure or 41 3/5 grain (2.70 g) standard silver

>Half Disme, $0.05 face value, 18 9/16 grain (1.20 g) pure or 20 4/5 grain (1.35 g) standard silver

>Cents, $0.01 face value , 11 pennyweights (17.1 g) of copper

>Half Cents, $0.005, 5 1/2 pennyweights (8.55 g) of copper

The Act of 1792 also:

>Established a Silver-to-Gold ratio of 15:1

>Allowed persons to bring gold and silver bullion to the nearest mint to be coined free of charge or exchanged for exchanged immediately for an equivalent value of coin

>Gold coins were to be 11 parts pure gold to 1 part alloy, or .9167 gold

>Silver coins were to be 1485 parts pure silver to 179 parts alloy, or .8924 silver

>By calculation, 1 troy ounce (31.1g) of pure gold would be equivalent to about $19.39 (($10 / 16.04g) * 31.1g) .

>By calculation, 1 troy ounce of pure silver would be equivalent to $1.29 ($19.39 / 15).

The Coinage Act of 1849 increased the Silver-to-Gold ratio to 16:1 with the value of one troy ounce of pure gold increasing to $20.67. Thus one $10 Gold Eagle at the time, being 16.718g total weight and 0.900 fineness meant it contained exactly $10 of gold. The Act also introduced two new gold coins, the $20 Double Eagle at 0.9675 troy oz (30.0926 grams) fine gold, a composition of 90% gold and 10% copper alloy, having a total weight of 33.4362 grams (1.075 troy ounces) , and the $1 gold dollar at .04837 troy oz (1.5045 grams) fine gold, a composition of 90% gold and 10% copper, having a total weight of 1.672 grams (0.05375 troy ounces)

>>789600

(2/5)

Fast forward to the greatest scam in American history, the Federal Reserve Act of 1913 began to remove us from gold/silver coins and certificates and force us to accept institutional inflation through fiat notes. As it now stands, what one pre-1913 dollar purchased in 1913, now only buys about $0.04, meaning our money has devalued about 25 times, or 96%. You need $25 in federal reserve notes TODAY to buy what only $1 in gold money bought in 1913. You have to ask yourself, do you really want more Federal Reserve Notes in your pocket, that continually lose value, or would you rather have money that is worth a lot more and holds its value?

>At the same time, the value of gold has risen to about $1350.00/tr oz today.

>>789604

(3/5)

OK, history refresher accomplished, now lets look at a subtle plan laid over 30 years ago. Authorized in the Gold Bullion Act of 1985 and beginning in 1986, the US Mint has been selling legal tender gold bullion coins known as American Gold Eagles at gold bullion rates. These are legal tender currency, with face values of $50 per troy ounce pure gold. Yes, you can legally spend a $50 Gold Eagle at face value right now, but only a fool would do so because the intrinsic value of gold is worth about $1,350.00, but only because we are not on a gold standard, yet.

As of 2017 the amounts and values of gold bullion coins already in the hands of the people are as follows:

>$50 1 toz Gold Eagle: 18,601,538 or $930,076,900.00 face value

>$25 1/2 toz Gold Eagle: 2,832,746 or $70,818,650.00 face value

>$10 1/4 toz Gold Eagle: 4,039,008 or $40,390,080.00 face value

>$5 1/10 toz Gold Eagle: 15,005,757 or $75,028,785.00 face value

for a total of $1,116,314,415.00 face value. Technically, not a lot of money for circulating amongst all the citizens of the US, but then you must think in terms of 1913, and not 2018 (that's why its called a Currency Reset; reset back to 1913). Ask yourself what things cost in 1913, and how much the average joe made a year in 1913, and things start to make more sense.

>(Not factored in, but certainly viable as well, is the $50 1oz American Gold Buffalo)

>>789618

(4/5)

But the question still lingers, how exactly would the switch over work?

we already know the value of money devalued about 25 times or 96%. now ask yourself what the multiplier is of the current rate of gold bullion ($1350.00) divided by $50 face value per troy ounce is. About 27 times or 96.3%. Do you now start to see the picture? One day, they can simply come out and say "to facilitate the transition to gold-backed currency valued at $50 per troy ounce, for a set period of time allowing for everyone to turn in their federal reserve notes for gold-backed currency and dollars, the price of goods and services can be priced in federal reserve notes as they have been up until now, or at a divisible of 25 times in face value American Gold Eagles. For banks, all federal reserve note deposits will be automatically accounted for in this gold currency, and only withdrawals in gold currency and gold certificates will be allowed. Likewise, wages are to be paid in gold-backed currency from now on, at the divisible rate of 25 from federal reserve notes."

Let's examine how this 25x reduction would affect you personally. Say you currently earn $40,000/yr in Federal Reserve notes, or $3,333.33/mo, and you have a mortgage of $600/mo, a car payment of $300/mo, and food spending of $400/mo. You now make $133.33/mo in gold currency, at a reduction of 25 times. Likewise, your mortgage is reduced 25 times to $24.00/mo in gold currency, your car payment to $12.00, and your food spending to $16.00. Yet the even bigger differences will be introduced shortly after, (1) the elimination of the personal income tax being replaced by tariffs to run the government (as they used to be prior to the Federal Reserve Act), and (2) institutional inflation evaporates into thin air, meaning your money will hold it's value from then on.

>>789622

(5/5)

“But Anon, a 0.3% difference in depreciation between 1913 to 2018 dollars, and current gold bullion prices to face value American Gold Eagles can equate to a lot of money not considered in your figuring.” Look back again at the Coinage Acts of 1792 vs 1849 and ask yourself why they changed the ratio from 15:1 to 16:1 and then ask yourself why we couldn't simply adjust values with a corresponding act again if need be, considering we've already done this before.

"Oh come on, you can't expect the average joe to remember any of this", you might say. Yet keep in mind, before the coinage act of 1792, the Spanish Real ("pieces of eight") was a commonly used currency in America, and was still allowed as legal tender, used side by side with the new currency, until the practice was abolished with the Coinage Act of 1857. So for 65 years, we used more than one legal tender currency in the United States. A return to the gold standard, however, would not take 65 years. It could likely happen literally in a matter of days, weeks, or months.

Now, regarding a potential Global Currency Reset, ask yourself what other countries likewise sell gold bullion coins as the United States does. Take a look at Apmex and the like. Do a little research from here and you'll begin to see a much bigger picture right before your very eyes.

All we wait for now is someone with the authority to simply give the go ahead.

Ye Olde book for recommended reading: Silver Money, 1939 cowles.yale.edu/sites/default/files/files/pub/mon/m04-all.pdf

t. coinfag