Silver Coins: Memories Of Sound Money

The financial press observes a surge in demand for silver coins, driven by rising prices, which have increased significantly over the past year. Silver's unique properties make it crucial for AI and solar panel production, increasing demand amidst perceived supply shortages. Pre-1965 silver coins are particularly sought after, as they represent a time of sound money and constitutional principles. The author highlights the significance of 1965 as a turning point, marking the end of silver coinage in circulation. This shift coincided with the dismantling of Kennedy's plan for a nationwide silver standard, following his assassination. Governments, banks, and corporate finance preferred fiat currencies, leading to a decline in public trust and confidence in government. This erosion of trust is linked to a growing awareness of corruption and governmental overreach. The author suggests that holding silver offers nostalgia for a time of greater freedom and fiscal responsibility. The demand for silver as a "safe haven" reflects growing distrust in fiat currency and a desire for tangible assets. While potential government intervention is a concern, the author anticipates resistance to any attempt to seize silver. Ultimately, people are embracing silver as a store of value, seeking alternatives to the declining value of government-backed currency. The author notes that silver's enduring value stems, in part, from its historic roots as a currency.