the bullionr life
Cowboys and Gladiators…
Well, I loved watching the Old Western movies of cowboys and cattle rustlers. :) Still do, I guess :) The Old West! Fascinating! I recall that specific part in the movie when the cowboy would saunter into the saloon and toss his silver dollar on the shiny wooden bar.
Y'all remember that part in the Old Western movies?
Do you remember the sound that silver dollar would make?
It would make a clinging sound…you could hear it ring, almost sing!
Notice how that saloon owner just scooped it right on up, too? No questions asked it seemed; especially given he must have seen his share of a plenty of old bad cowboys and cattle rustlers passing through those swinging saloon doors...
I always wondered about those saloon owners.....
Did they have some secret?
Well, you know they always seemed to be rather attentive....one eye on the cowboy, the other on the coin plus with what appeared to be both ears bent towards the direction and sound that silver dollar would take and make.....
:) Told you I loved watching Old Western movies :)
Why, it wasn't until later that I realized people have ALWAYS had to rely on and utilize this “sound money” test that the citizens of the Old West used way back then. And, heck, it even seems the citizens of Rome may have started the 'sound money test' as they had quickly learned to use it for distinguishing between true money and debased money!
You see, silver, uh…real, pure silver that is….has a distinctive melodious ring to it. (e.g. like the sound you are hearing in the video of this post here).
Listen...whether you want to admit it or not...the sound of silver and gold does have this melodic language…a ring to it. It has this 'vibe', resonating tone of that which is truly sound money or hard money as I have heard it called. 'Hard', I reckon, is meant to remind that true money is made out of 'metal'...'precious metal'. Well, that got me even more so curious as to where the term “sound money” even originated!
The term “sound money” is believed to come from Ancient Rome! I gave you a hint earlier :)
Yep! Romans had small silver coins that were standard in everyday commerce, from paying Roman soldiers to buying many of its products and goods from all over the world. [That would be the exact same thing we still do today...use of currency, from paying military soldiers to buying many of our products and goods from all over the world.]
Then, to make a long story short….
You guessed it!
Rome started squandering its wealth! And, so they figured out what seemed to them an easy shortcut to shore up the Roman Treasury.
Hmmmm! Ummm...Uh, that sounds eerily familiar :)
Okay…back to the story…..’cause we are only talking about ROME in this post…
Rome, it...well, it gradually debased those silver coins with common metals, ultimately cutting the silver content to just 5 percent!
Now, you know that didn't fool most Romans and especially those Gladiators for too long! LOL!
You see, the people of Rome quickly began to be able to distinguish between and understand what the sound of true money and the dud of debased Roman coinage....well, actually sounded like!
Seems those Cowboys and Gladiators understood what was in their pocket!
All they needed to know was whether it had the distinct Sound of Money (e.g. precious metal) or the Dud of Fiat Currency (e.g. debased coinage and paper)
"We make it easy for anyone to own Silver and Gold. We Deliver Precious Metals from the Most Prestigious Mints at Some of the Lowest Prices in The World Straight to Your Door!"