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http://ww2.dowtheoryletters.com/MembersOnline.nsf/PrintView+Rich...December 29, 2005: "You are a den of vipers. I intend to rout you out and by the Eternal God I wil rout you out. If the people only understood the rank injustic e of our money and bank ing system, there would be a revolution before morning ." --Andrew Jackson, 1828 (to a group of investment bankers trying to persuade him to renew their bank charter). Rus s el no te - Tough old President Andrew Jackson closed down the Second National Bank, which was somewhat comparable to the Federal Reserve of today......................................................................................Question - Is silver a precious metal? Answer - Yes.Question - Is silver a monetary metal?Answer - Unclear. Silver definitely used to be a monetary metal, and originally the dollarwas defined in terms of silver. We’ve had silver coins in the US until recently when the Treasury substituted base metal for silver in our coinage. Even the copper has been taken out of our lowly penny. If the Treasury could find a way of making out coins out of bat guano, I have no doubt that we’d be pocketing "bat dimes and quarters."But let’s turn the precious metals, gold and silver (I’m leaving out platinum and palladium). Since last September silver has been outperforming gold. Classically, it took around 15 ounces of silver to buy one ounce of gold. That ratio has faded away, and todayit takes 57 ounces of silver to buy ...