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Gold and Silver Eagle sales way down YOY

plata_oro

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The amazing thing about sales these last four years is that I can account for what I have purchased from the mint. From 2010 until now I have 340+ BU ASE's. I am literally the only guy I know that purchases these coins. And of everybody I have asked, to the best of their knowledge I am the only one they know (meaning out of all of their friends) that stacks silver. Of these 30-40 million being sold every year I would be willing to bet that about 0.1% of the American population are buying them. There aren't very many people buying these coins let alone generic or other gov't issue silver bullion.

If there was any reason that all of the sudden the population wanted to start buying silver there would simply not be enough demand. Imagine 1 ounce per citizen, that 265 million ounces that the market would have to come up with. I don't believe that can be done.


We who stack are way ahead of the curve here, especially the silver stacker. Silver gets consumed in medicine and cannot be recycled. Industry will demand more as solar panels become more affordable.

People buying ASE's and other silver bullion get that. It's amazing that people with COMEX paper contracts but they know the risk they run by not taking delivery.
 

plata_oro

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No, because the US Mint has allocated only 1,250,000 coins for this week. There are only 78,500 left in allocation for this week (Wednesday, Thursday and Friday). Unless the US Mint opens up more for the allocation (doubtful), we won't hit 4 million, best the US Mint could do is 3.75 million. All indications are that each and every Silver Eagle being minted is being bought up from the mint.

The funny thing is they are allowed all of the resources necessary to Mint these upon demand and for whatever reason they can't. They aren't saying there is a shortage but there actions speak louder than words.
 

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To me, the ‘spot price’ of silver is not really very important, since it is only a tool used for psychological warfare, and to periodically wipe out the silver traders who don’t want to bother to own the real thing. The only thing that is important to me is having as many ounces of physical silver (and gold) in my possession as possible before the era of unbacked paper currency comes to an end, which it mathematically will sometime in my lifetime - most likely within the next 10 years. To this end, since 2005 I have been accumulating as much physical silver as I possibly can, while the price is still much, much lower than it would otherwise be without the ongoing Cartel manipulation. :15_1_70v:

To me, absurdly low paper silver prices such as we have today are not troubling…they present a wonderful opportunity to load up on more physical silver for pennies on the dollar in terms of the real intrinsic worth from a commodity, investment, and historical valuation perspective. Can anyone seriously assert that the gold and silver bull markets are over, when

1) the global financial system is on it’s last legs:afraid:
2) almost nobody owns PM’s:afraid:
3) physical PM investment demand is red-hot (yet ownership is still a drop in the bucket when compared to all other periods of history)
4) PM’s currently sell at such low prices that many existing mines cannot even turn a profit, and the entire sector is on the verge of bankruptcy? :afraid:

Really? Give me a break. :508:

Silver is, and always has been, debt-free money for the masses, except for the curious anomaly of the past 40 years. If citizens were to divest themselves of intrinsically valueless unbacked paper currency issued by central banks, in favor of silver money that does have intrinsic value produced by mining companies, the ongoing theft of the wealth of humanity by the banking cartel would instantly stop. It would no longer be possible for a bank to simply create money out of thin air (which is what your bank does every time you sign a new loan) and then charge you interest on the newly-created money which it did not even have before you signed for the loan. Make no mistake, this power to print wealth is the most powerful tool in the history of mankind, and TPTB will resort to ANYTHING to preserve this immoral right for as long as possible...including MARKET MANIPULATION, PROPAGANDA, and MURDER. Silver is the sworn mortal enemy of all bankers. :fan:


Gold and silver always eventually rise in value to account for all of the unbacked currency that has been created, and in spite of all of the dirty tricks that have been brought to bear against them over the past decades, and most especially over the past 18 months, they will reign supreme as the only incontrovertible monetary instrument on the planet….impossible to inflate away, with intrinsic value, and with no counterparty risk. Although only 1 in 500 people ‘gets it’ now, before the decade is out it will be 50 or 100 out of 500, and gold and silver prices will be much, much higher. :stupido:

Me, I’ve done my research. I KNOW what is coming down the road, and not that far away (3-7 years). Not one society in history has ever escaped from the deleterious effects of massive deficit spending to fund wars and social programs, far in excess of the taxes that can be collected, without either a massive decline in the value of the currency, or a total destruction of the currency. The current (un)controlled demolition of the US dollar is being done through massive deficit spending, now funded almost totally by outright monetization (money printing). Everything is proceeding exactly as one might have expected some 7 years ago when I tentatively bought my first silver round for $8 due to fears of the unsustainability of the financial system and the utter folly of owning paper assets. :driver:
 

2014

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Still dodging my questions about those 30-40 year cycles huh?

You spout it.. Back it up..
 

Ahillock

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No, because the US Mint has allocated only 1,250,000 coins for this week. There are only 78,500 left in allocation for this week (Wednesday, Thursday and Friday). Unless the US Mint opens up more for the allocation (doubtful), we won't hit 4 million, best the US Mint could do is 3.75 million. All indications are that each and every Silver Eagle being minted is being bought up from the mint.

Numbers updated for this week from US Mint. Looks like the whole allocated (1.25 million) ASE for the week sold out as expected. Puts the month of February right at 3.75 million.

I wonder how much more demand there was that the mint could not or would not meet. I doubt that demand just perfectly coincided with the allocation that the Mint has set in place.


Screen Shot 2014-02-28 at 7.23.12 PM.png
 

2014

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I doubt that demand just perfectly coincided with the allocation that the Mint has set in place.

It's gotta be close or IMO premiums would be rising
 

plata_oro

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Jan 2014 Gold 91,500 ounces
Jan 2014 Silver 4,775,000 ounces

Jan 2013 Gold 150,000 ounces
Jan 2013 Silver 7,498,000 ounces

February 2014 Gold 31,000 ounces
February 2014 Silver 3,750,000 ounces


February 2013 Gold 80,500 ounces
February 2013 Silver 3,368,500 ounces


looks like silver up gold down:(
 

plata_oro

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ASE 3-3-2014.PNG

Strong start to March:cheerful:
 

msolorio3

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Hopefully, APMEX will run another ASE sale on Ebay to boost sales.
 

Ahillock

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Hopefully, APMEX will run another ASE sale on Ebay to boost sales.

It seems they have been running those once or twice per month lately. They also do generic rounds specials as well.
 

plata_oro

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ASE 3-4-2014.PNG

900k sold in the first 4 days of March. I think we will see back-to-back record months if this keeps up. According to my figures this demand keeps up and the mint is able to supply them, a whopping 7 million could be sold in the month of March. Unheard-off!!:party30:
 

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Hopefully, APMEX will run another ASE sale on GIM to boost sales.
:D:fisheye::s1:

fixed it for ya ;):D

Glad I bought a roll of 1996s when they were on sale.:grin10:

R.
 

Ahillock

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Be interesting to see what the final tally is for this first week in March.


Screen Shot 2014-03-07 at 1.00.14 PM.png
 

plata_oro

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plata_oro

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People still lovin' their Walking Liberty replica's, a record is still very much possible!
ASE 3-10-2014.PNG
 

Ahillock

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So the US Mint sold 736,000 oz of silver in one day?

Has the US Mint raised how many Ag ounces they are able/willing to sell per week?
 

Tinbox

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Gold sales have been pretty weak this year, about a 120 oz of silver sold for every oz of gold last month, and that number is up to 300 to 1 so far this month. (although I'm confident that'll come down some)
 

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So the US Mint sold 736,000 oz of silver in one day?

Has the US Mint raised how many Ag ounces they are able/willing to sell per week?

I think they do a weekly allocation, so there were probably 800,000 to 1,200,000 available before any sales this week. (estimate based on previous allocation numbers)

The first week of March had an allocation of 1,100,000 coins which sold out.
 

Ahillock

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Gold sales have been pretty weak this year, about a 120 oz of silver sold for every oz of gold last month, and that number is up to 300 to 1 so far this month. (although I'm confident that'll come down some)

I'm really interested to see how the numbers play out at the end of 2014 (in terms of total ounces of both).


I think they do a weekly allocation, so there were probably 800,000 to 1,200,000 available before any sales this week. (estimate based on previous allocation numbers)

The first week of March had an allocation of 1,100,000 coins which sold out.

Yeah, I think the last week of February was 1,250,000. Is there a link to where the Mint states the allocation for any particular week? Seems the Mint has been selling out its weekly allocation of ASEs so far in 2014.
 

Ahillock

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If the allocation of 1.1 million ASEs holds for this week, that only leaves 364,000 for the remaining 4 days of this week. That is 91,000/day. Should sell out the allocation again for this week.
 

hernancortes

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I'm really interested to see how the numbers play out at the end of 2014 (in terms of total ounces of both).




Yeah, I think the last week of February was 1,250,000. Is there a link to where the Mint states the allocation for any particular week? Seems the Mint has been selling out its weekly allocation of ASEs so far in 2014.

You have to have access to Micheal White to know the mint's weekly allocation. Apparently this srsrocco guy does. About a year ago White stated that mint can source between 800k to 1M blanks a week. So over a long time frame 900 thousand /wk might be an average assumption. In recent weeks they have gotten more than that but for many weeks prior they got less. Based on when they have rationed in the past, I'm pretty sure that the mint bumps up against current production capacity when they are selling over 4M a month, month in and month out. That was before they had trouble securing enough blanks. But again there has not been much in the press lately about the mint worrying whether they can meet demand, now that the legislation has been altered.
 
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hernancortes

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Strong sales continue.... 2.2M showing sold this month already.
 

Ahillock

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Strong sales continue.... 2.2M showing sold this month already.

Interesting. Looks like they increased the allocation this week from the 1.1 million of last week. Be interesting if allocation is up to 1.25 ounces this week.
 

plata_oro

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2.92 million sold as of March 17th
 

silverblood

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Who the hell is buying all those ASE's? And more importantly, why? I mean, silver is pretty and all, and it feels good in the hand. But I don't think it's really worth what the market is asking for it.
 

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Wow, look at that, PM's falling apart, once again. That, despite the fact of massive political dislocations, war threats, continued money pumping, economic uncertainty, on and on. And yet they fall. So, all you PM pumpers, tell us, just when are the PM's supposed to do their job? When are they supposed to be a safe haven, alternative to paper investments, yada yada?
 

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Wow, look at that, PM's falling apart, once again. That, despite the fact of massive political dislocations, war threats, continued money pumping, economic uncertainty, on and on. And yet they fall. So, all you PM pumpers, tell us, just when are the PM's supposed to do their job? When are they supposed to be a safe haven, alternative to paper investments, yada yada?

Falling Apart?

For some reason this reminds me of this woman I know. I guess you could say she has a bit of a gambling problem. She talks all about the money she wins but you never hear about the losses. She will lose $500 in a slot machine, put in another $100, win $200, and then talk about how she doubled her money by winning $200 after putting in $100. All the time failing to see the big picture.

In the little picture metals are "falling apart" today, in a bigger picture they are doing pretty well for the year (to da moon), in an even bigger picture they are down from their highs (again, "falling apart"), and even bigger picture they are much higher than they were many years ago (again, to da moon). Are metals "falling apart"? That's a bit of an exaggeration. Are they on their way to the moon? Also a bit of an overstatement. My point is this.........Pumpers get on my nerves because they only talk about the gains and never the loses. Contrarians get on my nerves because they only talk about the drops in prices and not the gains. If you want people to see your view, its easier if you havent been pigeonholed into one of these groups.

Just some random thoughts from guy who admits that he may not always "get it."
 

hernancortes

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Wow, look at that, PM's falling apart, once again. That, despite the fact of massive political dislocations, war threats, continued money pumping, economic uncertainty, on and on. And yet they fall. So, all you PM pumpers, tell us, just when are the PM's supposed to do their job? When are they supposed to be a safe haven, alternative to paper investments, yada yada?

Earlier in this thread '2014' asked if high ASE sales were bullish for the metal. I answered I did not know. Are the lackluster AGE and gold buff sales we are seeing bearish for gold? I don't think there can be much of a correlation since Eagles are such a small portion of new market supply. The 'Eric Jordan' theory of massive sales of common dates driving prices higher for the less common dates seems to be holding up nicely though. What is the true market demand for new ASE's? Until you see it published by Coin World or Mintnewsblog or Dave Harper that the mint has lifted rationing, we do not know.
 

illatease

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Falling Apart?

For some reason this reminds me of this woman I know. I guess you could say she has a bit of a gambling problem. She talks all about the money she wins but you never hear about the losses. She will lose $500 in a slot machine, put in another $100, win $200, and then talk about how she doubled her money by winning $200 after putting in $100. All the time failing to see the big picture.

In the little picture metals are "falling apart" today, in a bigger picture they are doing pretty well for the year (to da moon), in an even bigger picture they are down from their highs (again, "falling apart"), and even bigger picture they are much higher than they were many years ago (again, to da moon). Are metals "falling apart"? That's a bit of an exaggeration. Are they on their way to the moon? Also a bit of an overstatement. My point is this.........Pumpers get on my nerves because they only talk about the gains and never the loses. Contrarians get on my nerves because they only talk about the drops in prices and not the gains. If you want people to see your view, its easier if you havent been pigeonholed into one of these groups.

Just some random thoughts from guy who admits that he may not always "get it."

See, this is the problem with guys like you. No context. A few years ago, Ag/Au hits highs, and then promptly went into free fall. Now, ask yourself this, and in turn, try to answer the question. How is it that ANYTHING that claims that it is a store of value continue to say that in the face of a fall of nearly 1/2 in one case, and over 60% in an other? How do those that claim that PM's are insurance reconcile the fact that PM's have become nothing but a plaything for a few guys in NY/London? THAT is the big picture, that the markets are completely rigged, analogous to a casino, and those that talk of PM's refuse to say the truth.

I don't know about you, but anything that's collapsed as much as PM's have in the last few years have fallen apart. The latest is continuation of that trend, and supply/demand/markets mean nothing....
 

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See, this is the problem with guys like you. No context. A few years ago, Ag/Au hits highs, and then promptly went into free fall. Now, ask yourself this, and in turn, try to answer the question. How is it that ANYTHING that claims that it is a store of value continue to say that in the face of a fall of nearly 1/2 in one case, and over 60% in an other? How do those that claim that PM's are insurance reconcile the fact that PM's have become nothing but a plaything for a few guys in NY/London? THAT is the big picture, that the markets are completely rigged, analogous to a casino, and those that talk of PM's refuse to say the truth.

I don't know about you, but anything that's collapsed as much as PM's have in the last few years have fallen apart. The latest is continuation of that trend, and supply/demand/markets mean nothing....

Silver is up 525% over the time it was at $4.
Gold is up 490% over the time it was less than $280.

What were you saying again?
 

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See, this is the problem with guys like you..........

The funny thing about it is that I am supporting you in the sense that pumpers can be misleading. I never spoke about PMs being a store of value, or or market rigging, etc. I simply was replying to your "falling" comment that seemed directed toward todays movements. Should we be surprised that a contrarian would fire right back when someone isnt even opposed to his point of view?

Im neither a pumper or a contrarian. I love seeing both perspectives. Just saying that I appreciate them more when they are not from someone that seems to argue for one side only.

Also, you are right. Guys like us do have a problem. I feel blessed that guys like you can put up with us.
 

Ahillock

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2.92 million sold as of March 17th

223,000 oz more sold today. Currently at 3,143,000 for March with 9 more business days left.

lllGAcX.png


Just for reference, these are the numbers for March the past few years:

2013: 3,356,500
2012: 2,542,000
2011: 2,767,000
2010: 3,381,000
2009: 3,132,000
 

plata_oro

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See, this is the problem with guys like you. No context. A few years ago, Ag/Au hits highs, and then promptly went into free fall. Now, ask yourself this, and in turn, try to answer the question. How is it that ANYTHING that claims that it is a store of value continue to say that in the face of a fall of nearly 1/2 in one case, and over 60% in an other? How do those that claim that PM's are insurance reconcile the fact that PM's have become nothing but a plaything for a few guys in NY/London? THAT is the big picture, that the markets are completely rigged, analogous to a casino, and those that talk of PM's refuse to say the truth.

I don't know about you, but anything that's collapsed as much as PM's have in the last few years have fallen apart. The latest is continuation of that trend, and supply/demand/markets mean nothing....

Either there are a lot of morons continuing to buy these or people have righteous motives. Me particularly I never bought ASE's to make a gain. One of my motives is to keep my savings in something other than the FEDERAL RESERVE SYSTEM. I can't do it with all of my wealth only what I am comfortable with. Consider it a boycott of the FEDERAL RESERVE BANK. If that is none of your motives then you should invest in paper investments.

By keeping your wealth out of their system you are give them less chips to play with derivatives.
 

plata_oro

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Who the hell is buying all those ASE's? And more importantly, why? I mean, silver is pretty and all, and it feels good in the hand. But I don't think it's really worth what the market is asking for it.

When your vote at the polls doesn't count anymore, or a so-called "wasted vote" for a Libertarian or Green people have no alternative than to vote with their money. Remember that the FEDERAL RESERVE BANK owns the US. Congress is just an act to coerce the public into continuing to vote for the two-party system. Being that neither have realistically attempted to take on the Fed and lived to tell about it, I think we owe it to our children to let our demand for lawful money be heard. We right now we talking pretty loudly, but give some more time and we will be shouting so loudly the mint will not be able to keep up with demand. My grandchildren's debt $17.5 trillion and counting..... Is it becoming clearer to you yet?
 

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When your vote at the polls doesn't count anymore, or a so-called "wasted vote" for a Libertarian or Green people have no alternative than to vote with their money. Remember that the FEDERAL RESERVE BANK owns the US. Congress is just an act to coerce the public into continuing to vote for the two-party system. Being that neither have realistically attempted to take on the Fed and lived to tell about it, I think we owe it to our children to let our demand for lawful money be heard. We right now we talking pretty loudly, but give some more time and we will be shouting so loudly the mint will not be able to keep up with demand. My grandchildren's debt $17.5 trillion and counting..... Is it becoming clearer to you yet?

I suspect more people buy ASEs and other forms of silver and gold as an investment or as a store of wealth than out of a desire for lawful money.

With respect to lawful money, what do you think about this:


Debunking the Federal Reserve Conspiracy Theories (and other financial myths)


and this:

Bitcoin Declared Lawful Money in California Assembly

I just entered "lawful money" in a search engine and those two links were on the first page. I'm not implying agreement, just wondering what you think about the explanation or use of the term "lawful money" at those two links.
 

Ragnarok

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Wow, look at that, PM's falling apart, once again. That, despite the fact of massive political dislocations, war threats, continued money pumping, economic uncertainty, on and on. And yet they fall. So, all you PM pumpers, tell us, just when are the PM's supposed to do their job? When are they supposed to be a safe haven, alternative to paper investments, yada yada?

When it all falls apart, and the paper burns as TSHTF, PMs are for rebuilding. PMs are for transferring your labor's wealth through time, which doesn't necessarily guarantee YOU may see their benefit of holding them during your life, but your heirs will thank you.

You may also want to look into/research the very real possibility that gold may soon be called upon (freegold) to fix the world's financial mess, by the very same PTB that brought about the mess in the first place.

2c,
R.
 

plata_oro

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With respect to lawful money, what do you think about this:


Debunking the Federal Reserve Conspiracy Theories (and other financial myths)


and this:

Bitcoin Declared Lawful Money in California Assembly

I just entered "lawful money" in a search engine and those two links were on the first page. I'm not implying agreement, just wondering what you think about the explanation or use of the term "lawful money" at those two links.

Agreed, just referenced Black's Law 8th edition and it states the following:

lawful money.Money that is legal tender for the payment of debts.

but the goes on to say this

real money. 1. Money that has metallic or other intrinsic value, as distinguished from paper
currency, checks, and drafts. 2. Current cash, as opposed to money on account.


No joke, but thanks for pointing it out. I will continue this later but I am running late for work! :36_2_36:
 

plata_oro

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I suspect more people buy ASEs and other forms of silver and gold as an investment or as a store of wealth than out of a desire for lawful money.

With respect to lawful money, what do you think about this:


Debunking the Federal Reserve Conspiracy Theories (and other financial myths)



I just entered "lawful money" in a search engine and those two links were on the first page. I'm not implying agreement, just wondering what you think about the explanation or use of the term "lawful money" at those two links.

Ok back from work.

Black's Law 8th edition goes on to say this:

fiat money.Paper currency not backed by gold or silver. — Also termed flat money.

According to the dictionary there is a similarity between the between fiat and lawful money.

But according to the article there is clear definition within Federal law that defines lawful money to be gold or silver. But the constitution does mandate that states pay debts to one another with gold or silver.

Technically since there are no states just corporations acting as states the FEDERAL RESERVE NOTE, a private corporation issues legal tender. While the United States Note, a public corporation acting as a de facto gov't issues lawful money/legal tender. Both are no longer redeemable for anything. There is another thread that really does a better job of explaining lawful money, check it out when you get a chance:

http://www.goldismoney2.com/showthread.php?38556-Redeeming-Lawful-Money
 

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Ok back from work.

Black's Law 8th edition goes on to say this:

fiat money.Paper currency not backed by gold or silver. — Also termed flat money.

According to the dictionary there is a similarity between the between fiat and lawful money.

But according to the article there is clear definition within Federal law that defines lawful money to be gold or silver. But the constitution does mandate that states pay debts to one another with gold or silver.

Technically since there are no states just corporations acting as states the FEDERAL RESERVE NOTE, a private corporation issues legal tender. While the United States Note, a public corporation acting as a de facto gov't issues lawful money/legal tender. Both are no longer redeemable for anything. There is another thread that really does a better job of explaining lawful money, check it out when you get a chance:

http://www.goldismoney2.com/showthread.php?38556-Redeeming-Lawful-Money

I think fiat money is easily understood. Lawful money is more difficult since it isn't defined anywhere. However, it clear that it is not just gold and silver coin or US Treasury notes redeemable in the same. It is a class of money broader than legal tender. Milam v. U.S in 1974 ruled that Federal Reserve Notes were lawful money.

It may be my shortcoming, but I couldn't make sense of the following portion of your post. It just didn't scan for me, and I don't understand what you are trying to get across. If you would be kind enough to rephrase or elaborate, I'd appreciate it.

Technically since there are no states just corporations acting as states the FEDERAL RESERVE NOTE, a private corporation issues legal tender. While the United States Note, a public corporation acting as a de facto gov't issues lawful money/legal tender.

Thanks for the link to the thread. I'm familiar with it, and many more of similar character by the same author on multiple forums. Read what he has to say, by all means, but you might find it worth your while to do your own research.