Hallmarked English Lb of Silver (16 pieces)
Hallmarked English Lb of Silver
Before paper money was first introduced by the Bank Of England over two centuries ago, the only means of paying someone in England was with real money. Real money meant metal, usually silver or copper, or gold for high value transactions. The Bank, however, decided to remove real money from circulation nationally and replace it with paper money in 1795.
The paper £1, up until the time it was withdrawn, promised to pay the bearer on demand the sum of £1, which meant you could claim 1 Lb of sterling silver by demanding such from the Bank Of England. The same highly unlikely promise can be found to this day in small writing on the £5 note, and on higher denominations. Yet this was no longer allowed under the Bank Restriction Act of 1797.
A £ or lb of sterling silver meant what it said, 'a pound in weight of sterling silver, being 16 ounces' and this was supposedly the value of the paper £1. The only problem being that today you need £1600 to buy an ounce of gold, which also used to cost £1 when paper money was first introduced. Inflation has ripped the value out of savings since money lost its link to precious metal. A £1 of silver, or 16 ounces, used to be a month's pay until 1914. A £1 can't even buy you a cup of tea today.
The same was the case in other countries, where the historical name of their currencies indicates the same monetary history and values. The Lira means a lb in weight of what?- of silver, of course. So too the Livre meant a pound of silver in French. The Livre of physical silver was changed into paper Francs by Napoleon. So too the Peso which also originally meant weight in silver. Silver was the currency of international trade for literally thousands of years, and was the only money accepted.
The bankers removed real money from our pockets over two centuries ago, and they are not going back. They now plan to remove cash entirely abolishing paper money, so that we will not have access to cash at all physically. Money is becoming electronic - and the recently launched world digital currency the Unicoin, although it looks like a coin, will only be a picture on a computer screen, as will Britcoin bear no relationship at all to precious metal value. These are the world's first CBDC - or central bank digital currencies, where the bank will know everything you earn and everything you spend, and will wish to control your behaviour. They are already unbanking businesses that are paid in cash receipts.
Why not rewind the clock, and at the same time think about the future we are facing? We should be putting real pounds in our pockets, and in our childrens' pockets? You can buy 16 ounces of hallmarked pure silver pieces (999/1000) manufactured in England, here on England Calling delivery free.
Hallmarked silver is always tradable and when your digital money experience is less than you might hope, you will probably still find a way to buy something this way, like food or the essentials of living. If everyone in the world decides to do the same thing as this, and put silver back into their pockets, the price of silver, which is currently suppressed, will see much higher levels in the future. You will have some protection against inflation at last. Check out the latest price and what we have in stock.