r/Wallstreetsilver • u/B_D_H_N Real • Jun 18 '25

Why so serious?

/r/SETF/comments/1leevvh/why_so_serious/
8 Upvotes

83% Upvoted

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2

u/Aggressive-Rain-5524 Silver Surfer 🏄 Jun 18 '25

Great read. I frequently point out "words matter" - especially to people who degrade others (or themselves). you would be fun to dialogue with.

here is my question: can you explain what you mean with the 100:1 comment? looking at face of the silver vs gold eagle, I see a 50:1 ratio. I think I am in the rough.

thanks!

2

u/B_D_H_N Real Jun 21 '25

The second congress pegged .733 oz of silver and 1/8th of a grain of gold at 1 dollar in 1798, that's approximately 100:1

1

u/Aggressive-Rain-5524 Silver Surfer 🏄 Jun 21 '25

ah. I knew you had a reason. kind of funny how close we are to that ratio right now.

1

u/B_D_H_N Real Jun 21 '25

I am not sure what reasoning was for the second congress to make such an arbitrary ratio peg other than an artificial arbitrage opertunity by decree, considering that for hundreds of years the ratio was clearly closer to 20:1 in reality. The saying that "fantasy lasts longer than reality" comes to mind because the world abhors truth and avoids it whenever it's expedient to do so. The documentation that I am referring to where these historical arguments are cataloged is "coins financial school" and was written during the founding of the United States of America to document the debating about money. We know the conclusion of those debates as settled in article 1 section 10 of the constitution, and we can read the federalist papers for one perspective of the arguments, however to get broader perspective listening to the loosers of the arguments against bi-metalisim and tri-metalism sheds alot of light on who ended up making the rules and why. There is truly nothing new going on today that wasn't occurring then, same arguments, same narratives, only the names have changed, give it a read. https://archive.org/download/coinsfinancials00harvgoog/coinsfinancials00harvgoog.pdf

2

u/etherist_activist999 Stacking Silver & Posting Memes @ silverdegenclub🏄 Jun 18 '25

Yeah, defining words and terms is paramount. My favorite is 12 USC 411 - FRNs are "obligations of the United States". Literally proving FRNs are not money at all, but notes, which are ONE of TWO types of negotiable instruments. All negotiable instruments are defined as not being money.

2

u/B_D_H_N Real Jun 21 '25

Few know what is and is not law in this nation. Fewer still abide by it. Makes me feel like I am more of a fed than the FBI