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Excerpt from The Monetary Question in 1892
Have we not seen last year how a well-known and often cited Parisian banking house has ordered gold by the millions of pounds sterling from America, at first to London, then to Ber.
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The Monetary Question in 1892 (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This book sets out to explore the monetary questions of the day, a subject the author believes should not be approached or discussed except after the study of the facts and the relations between them. Gold is the first metal examined, followed by silver. The author notes that a significant decline in the price of silver occurred over the past few years, which had been attributed by some to a scramble for gold by various nations. However, the author argues that every nation wanting gold has been able to obtain it, and that there is actually enough gold available to satisfy the wants of all leading nations. The author goes on to discuss the future of silver, arguing that its future is dark and that it will be phased out in favor of gold. Despite there being enormous absorption of silver from China and India in 1890, this did not translate to a rise in the price of the metal as might have been expected. The author predicts that the price of silver will decline even further and that it will become worthless as money. This prediction is based on the fact that the production of silver has nearly doubled over the past fourteen years, and that there are indications that this increase will continue. The author concludes by discussing the possibility of India introducing a gold standard, or suspending the coinage of silver for private parties. Either of these measures would be detrimental to the future of silver, the author argues. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330846568_0
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The Monetary Question in 1892 Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330846568
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The Monetary Question in 1892 Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330846568
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