The 1834 Coinage Act is a very important Act to understand, because the Supreme Court later misattributed false monetary theories against it, to deviously uphold legal tender paper currency, ultimately depriving Americans of both gold and silver coin.
There are a number of original source materials available for studying the U.S. Constitution, including notes on the 1787 Constitutional Convention and articles written in favor of ratification (The Federalist) and against (the anti-federalist papers). The ratification debates held in the various State ratifying conventions are also very informative.
The man who raises cows and bulls has valuable assets, but livestock is difficult to carry in your pocket and not practical for dividing into small denominations. Animals also live for only a few years. The fisherman has lots of fish, but they also die quickly, and not everyone even likes fish.
In the face of long-term inflation, increasing numbers of people are losing faith in the dollar, trading their ‘Federal Reserve Notes’ for assets that they believe will hold their value better. The past few years have seen massive interest in crypto, gold, silver, firearms, and many other assets. But it isn’t just for investing or wealth preservation. Many people are already using the alternatives as real currency for everyday purchases.
Nearly every government eventually becomes greedy and seeks to steal more from its people than it could via simple taxation. Tyrants in the federal government always wanted to control the money that the people used. Alexander Hamilton wanted the President to rule over the Americans for life with massive powers, and he wanted the central government to be quite authoritarian.
Grayscale Investments, which operates an exchange-traded Bitcoin product, went so far as to launch a “drop gold” campaign. It produced an anti-gold TV commercial that has aired frequently on CNBC. The ad portrays gold buyers as “living in the past” and out of step with the “digital world.”
The New Hampshire goldbacks are unique and gorgeous, and the 10 features a lady sitting on a cannon, while the 25 includes the famous state motto of “LIVE FREE OR DIE”.
Unlike the Federal Reserve’s decreasingly valuable paper notes, the goldbacks contain within them a scarce commodity of inherent and time-tested value: gold.