One Very Strange Use for Silver CoinsRecently by Simon Black: This Free Country Should Be on Your Radar…
“Corruptissima republica plurimae leges. [The more numerous the laws, the more corrupt the state.]” ~ Tacitus, the Annals ca. AD 69 The nature of what is “legal” has become a truly bizarre concept these days. Developed nations of the west have hundreds of thousands of pages of rules, codes, regulations, laws, decrees, executive orders, etc., many of which are contradictory, archaic, and incomprehensible. Across these “free” nations, the law is selectively enforced, selectively applied, and completely set aside whenever it pleases the state. As such, even the most harmless of activities (operating a lemonade stand, collecting rainwater, etc.) can be cast as illegal… while the direct theft of people’s wealth through taxes and manipulation of the currency is considered legal. There is no morality anymore in the law. And even still, whatever few activities may still be considered “legal” are subject to consequences if the enforcers simply decide they don’t like it. I have a good friend you might like to hear from on the subject; his name is Jake Lawless (an assumed pen name for reasons which will become obvious), and he is a bit of a master when it comes to skirting the line between what’s legal, and what they just don’t like. In Jake’s words: I’m a beneficiary of mortgage brokers who believed that housing prices would rise forever. The US real estate crash, plus high gas prices, forced a lot of people to sell their luxury vehicles… and the sudden glut caused prices to fall dramatically. I didn’t think much about the market for pre-owned luxury cars until one day an engine fire from a cracked turbo manifold in my truck left me stranded. After a day’s search, I found a beautiful car for sale in Nevada, and the asking price was a fraction of the pre-crash peak. I then contacted the dealer, wired a $500 deposit, and bought a ticket to Las Vegas… all after explaining that I wanted to purchase the vehicle with pre-1965 US quarters. You may know that, before 1965, many US coins had a very high silver content. As such, they had intrinsic value… real worth, completely independent of “faith” or “because we decree it thus.” I put roughly 4,000 of these quarters (~$1000 of face value) in a carry-on bag and headed to the airport. The quick math is this – 4,000 pre-1965 quarters contains 715 ounces of silver. At the time, silver was about $35/ounce, so 715 ounces was worth $25,000. In other words, every single quarter had a silver content worth about $6.25. At the airport, I played my part in security theatre, dutifully removing my shoes after heaving my luggage onto the conveyor. There was a flurry of activity on other side of the x-ray machine. A crack TSA operative stormed up, indignant. “WHOA sir…I have to inspect your luggage.” Mind you, there is no law against transporting 54 pounds (24.5 kg) of quarters onto an airplane, but that didn’t seem to matter. He just didn’t like it. The TSA guy opened my luggage to find a ziptied cloth bag labelled “$1000?” October 5, 2012 Copyright © 2012 Sovereign Man
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