Anonymous ID: 5a114c July 17, 2020, 11:53 p.m. No.9996092   🗄️.is 🔗kun   >>6123 >>6733

Hear me out for a minute on coins, anons…

 

I haven't been able to find another country with a coin shortage. It seems to just be the US, and anon has a theory:

The Dollar is defined as a certain amount of silver and/or gold.

If POTUS plans to return us to the gold standard, it would make sense to get silver back into the hands of the people.

Fed notes are toilet paper if the government decrees them to be toilet paper.

Coins are minted by the treasury, and there's a strong case for making them convert directly to silver/gold.

Outstanding coinage is about $10B, which would equate to (.723 troy oz of silver/$ x $10B).

That's a lot of silver, which could produce a demand spike.

 

But ask yourself the game plan. Is the government planning to do away with change and go digital (as people are suggesting), or is Mnuchin trying to pull change back into the treasury to facilitate the transition to silver coinage with minimal market disruption in silver (at a time when silver is at a historic low in relation to gold).

Anon is optimistic that it's the latter.