As a precious metal, silver is also money.
Sentiment: POSITIVE
Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.
Silver and gold are not the only coin; virtue too passes current all over the world.
Practically and commercially speaking, a dollar is not necessarily a specific thing, made of silver, or gold, or any other single metal, or substance. It is only such a quantum of market value as exists in a given piece of silver or gold.
Civilized countries generally adopt gold or silver or both as money.
In Italy, everybody buys silver for every special occasion. Baptisms, weddings, you get silver.
All metallics are neutrals. So it is absolutely fine to mix gold and silver; you just want it to look like it has purpose.
Silver is used in the electronics industry and is consumed daily; stock piles of silver are dwindling.
It is important to realize that gold and silver are international commodities and that, therefore, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys.
Melted down, silver is worth a little more than four dollars an ounce. But carved, inlaid, and engraved, and identified with a particular year, it becomes the direct reflection, often the literal record, of human history, our movement through time.
What is the effect of unlimited coinage of silver in this country? and I invite your attention to this particularly, because it is a question of vital importance.
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