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The Silver Mania

An Exposé of the Causes of High Price Volatility of Silver

  • W. J. Streeter

Table of contents

  1. Front Matter
    Pages i-x
  2. Silver Money: The History of Silver

    1. Front Matter
      Pages 1-1
    2. W. J. Streeter
      Pages 3-8
    3. W. J. Streeter
      Pages 9-19
    4. W. J. Streeter
      Pages 24-39
  3. Precious Metals

    1. Front Matter
      Pages 41-41
    2. W. J. Streeter
      Pages 43-43
    3. W. J. Streeter
      Pages 44-47
    4. W. J. Streeter
      Pages 48-53
    5. W. J. Streeter
      Pages 54-77
  4. Silver Supply

    1. Front Matter
      Pages 79-79
    2. W. J. Streeter
      Pages 81-95
    3. W. J. Streeter
      Pages 96-113
  5. Silver Usage

    1. Front Matter
      Pages 115-115
    2. W. J. Streeter
      Pages 117-119
    3. W. J. Streeter
      Pages 120-132
  6. Photographic Silver

    1. Front Matter
      Pages 133-133
    2. W. J. Streeter
      Pages 135-140
    3. W. J. Streeter
      Pages 141-144
    4. W. J. Streeter
      Pages 145-152
    5. W. J. Streeter
      Pages 153-160
    6. W. J. Streeter
      Pages 161-162
    7. W. J. Streeter
      Pages 163-170
  7. Silver Investment

    1. Front Matter
      Pages 177-177
    2. W. J. Streeter
      Pages 179-194
    3. W. J. Streeter
      Pages 195-206
    4. W. J. Streeter
      Pages 207-216
  8. Back Matter
    Pages 217-243

About this book

Introduction

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.

Keywords

inflation investment precious metal silver silver price

Authors and affiliations

  • W. J. Streeter
    • 1
  1. 1.Chemco EuropeSoestThe Netherlands

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-009-6435-8
  • Copyright Information Springer Science+Business Media B.V. 1984
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-009-6437-2
  • Online ISBN 978-94-009-6435-8
  • Buy this book on publisher's site
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