Let?s go back to 1965 to better understand why we want to have our own supply of Silver Bullion.Then you could buy 4 loaves of bread for $1.00 and 3 gallons of gas for $1.00. You could purchase a new car for $2400.
American currency was backed by silver. Every dollar printed was redeemable for an equal value of Silver Bullion.A dollar was worth a dollars worth of silver. That meant that the U.S. dollar had a ?store of value?. They were called Silver Certificates. During 1971, by Presidential Decree, Congress removed the ?store of value? from U.S. currency.
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