W. J. Streeter

The Silver Mania

An Exposé of the Causes of High Price Volatility of Silver

• Broschiertes Buch

Produktbeschreibung

This is a definitive study of the phenomenon known as Silver Mania. The conclusions can all be stated in a few pages but the underlying facts are carefully presented to provide a basic under standing and to substantiate the conclusions. Most of those afflicted with silver mania are undaunted by facts; they don't want to be persuaded of the reality of things. Speculators do not learn from history, so this study is not for them. It is for the masses who have been innocent victims of silver mania, and who are able in a democratic society to correct injustices. Silver and gold and copper have a chemical as well as historical relationship. Both silver and gold were scarce until the discovery of silver in the Americas in the 1500's, and the scarcity ratio from pre-1500 is cited by silver bulls as a 'natural price relationship'. During the period that silver was becoming overly abundant it also came into wide usage as a monetary standard and this led to inflation. This was solved by demonetizing silver and the world was thus oversupplied with an attractive metal that was useful only for jewelry and tableware. Silver mines in the United States were the major source of newly-mined silver in the world and the mine operators were able to lobby successfully for legislation to support the price of their product until industrial use started increasing during the 1950's.

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Produktdetails

• Verlag: Springer / Springer Netherlands
• Artikelnr. des Verlages: 978-94-009-6437-2
• Softcover reprint of the original 1st ed. 1984
• Seitenzahl: 256
• Erscheinungstermin: 8. Oktober 2011
• Englisch
• Abmessung: 229mm x 152mm x 15mm
• Gewicht: 376g
• ISBN-13: 9789400964372
• ISBN-10: 9400964374
• Artikelnr.: 39494608

Inhaltsangabe

I / Silver Money: The History of Silver.- 1 / Early Uses.- 2 / The Period of Exploration of America.- 3 / The Effect of the Industrial Revolution on Monetary Systems.- 4 / Legislated Silver Price.- II / Precious Metals.- 5 / All Metals Are Precious.- 6 / There Are No Precious Metals.- 7 / Low Mine Output Metals.- 8 / Gold and Its Relationship with Silver.- III / Silver Supply.- 9 / Silver Mine Output.- 10 / Secondary Silver.- IV / Silver Usage.- 11 / Use Versus Consumption.- 12 / Industrial Usage.- V / Photographic Silver.- 13 / The Photographic Industry.- 14 / Color Photography.- 15 / Radiography.- 16 / The Printing Industry.- 17 / Other Market Segments.- 18 / Silver Recovery in Photography.- 19 / Present and Future Usage of Silver in the Photographic Industry.- VI / Silver Investment.- 20 / The Game.- 21 / The Hunt Crisis.- 22 / Silver Price in 1990.- Notes.- Appendix B: Weights: Metric, Troy and Avoirdupois.