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Is the Silver Standard REALLY Better for Investors?
The United States gradually transitioned away from the silver standard through a series of legislative actions in the 19th and 20th centuries. Key milestones in this process include:
Coinage Act of 1873: This act, often referred to as the "Crime of '73," ended the free coinage of silver, effectively placing the U.S. on a de facto gold standard by discontinuing the minting of silver dollars.
WIKIPEDIA
Coinage Act of 1965: Signed by President Lyndon B. Johnson, this legislation eliminated silver from circulating dimes and quarters and reduced the silver content in half dollars, further diminishing silver's role in U.S. coinage.
U.S. MONEY RESERVE
Nixon Shock of 1971: President Richard Nixon announced the end of the U.S. dollar's convertibility into gold, effectively abandoning the gold standard. By this time, silver had already been removed from circulating coinage, and the U.S. had fully transitioned to fiat currency.
WIKIPEDIA
These actions collectively ended the use of silver as a standard in U.S. currency, leading to the fiat money system in place today.
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