At an April Town Meeting, residents of Andover, Massachusetts, population 33,000, will be asked to authorize a plan to give the town’s employees and contractors the option of receiving part of their pay in $1 American Eagle Silver coins, reports the Boston Globe. The proposal was launched by Andover resident Robert Shapiro, who says that “It’s a roughly 4 to 5 percent boost in purchasing dollars. The town of Andover stands to save about $1 million if roughly 250 employees participate.” Shapiro also speaks of having met with leaders in Mexico, where former businessman, Hugo Salinas Price, interviewed here and here, has been promoting a return to silver as currency.
Posted by Investment Rarities on February 12th 2012 in Federal Reserve, General Economy, Monetary Policy, Silver | Be the first to comment!
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