Word: silver
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Dates: during 1930-1939
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...make silver producers rich by raising silver prices. No different from any other raid on the Treasury, this attack is led by Congressmen from Nevada, Colorado. Arizona and Utah...
...ordinary commodity is silver. To half the world's population (chiefly the Orient) it represents money and wealth. To the other half of the world it is merely a useful metal like copper or nickel. The reason that the price of silver fell from over 50? in 1929 to around 25? at the first of this year is partly that some countries such as Russia and French Indo-China have melted up part of their silver money and sold it; partly it is that less silverware is being made...
...reason for the fall in prices is that China and India have ceased hoarding silver. For years all the hard-working millions of India and China, when they wanted to lay something by, tucked a piece of silver into the thatched roofs or the mud walls of their houses. In India the people are said to have five billion ounces of silver quietly tucked away and in China another three billion ounces. When the price of silver goes down they normally buy and hoard more, but today they are too poor to buy at any price. The big reason that...
...Henri Deterding of Royal Dutch-Shell and some economists argue that if the value of silver increases. India and China with their silver wealth will have greatly increased purchasing power. All of which is true, but others ask, "What will happen to the price of silver if India and China dump in the market some of their hoarded billions?" Hard times in the hinterlands have already brought silver back to the bazaars. The stock of silver at Shanghai reached the unheard of total of 322,000,000 oz. What will happen if the biggest buyers become the biggest sellers...
...sugar (duty paid) to 3 3/10? a pound compared to less than 2¾? in February. If his company can make an extra ½? a pound on its annual output of about one billion pounds it will make an extra $5,000,000 profit.* Rubber, sugar, silk, copper, silver, wheat, corn, coffee, meat, hides, wool, cotton, cocoa-each one in a long, long list of commodities last week brought just such startling dreams of profits to manufacturers, traders, producers, to states and to countries in all quarters of the globe...