Silver Dollar Coin Anniversary Act signed into law
Gesara.news » News » Silver Dollar Coin Anniversary Act signed into lawNews Date: January 5, 2021
On January 5, 2021, Donald Trump signed into law H.R. 6192, the "1921 Silver Dollar Coin Anniversary Act," which requires the Department of the Treasury to mint and issue coins in honor of the 100th anniversary of the completion of coinage of the Morgan dollar and the 100th anniversary of the commencement of coinage of the Peace dollar.
The Act does not call out any mintage limits, only that the coin is authorized to be sold in 2021 and that the coins will have the exact same designs of the 1921 Morgan and 1921 Peace dollar coins.
$1 Silver Coins. The Secretary of the Treasury shall mint and issue $1 coins, each of which shall:
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches;
(3) contain not less than 90 percent silver;
(4) have a reeded edge.
Everything in life eventually goes to zero.
Gold is one of the only elements in the universe that never dies.
Gold is universally recognized and adorned.
Gold is legacy wealth. Nothing else even competes.
Since sound money must be scarce, fiat money can never be sound since unlimited amounts can be and have been created. One of the very important features of gold is that it is scarce. The total global gold stock only increases by 1.7% or 3,000 tones per annum.
So scarcity is one of the important reasons why gold is the only currency that has survived in history.
It seems like today's national leaders are gradually reaching a consensus about how the world's monetary system should be structured. They are getting ready to return to a gold standard system.
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