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Can someone explain to me the issue of silver v. gold in late 19th c. America?
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<p>[QUOTE="medoraman, post: 1581735, member: 26302"]I have the definitive economic hiistory of China, the one translated by a professor at Western Washington. Do you have that? I apologize I don't remember the name of it. Also Kahn covers silver in China during this period extremely well.</p><p><br /></p><p>Silver in china during the late 1800 was "counterfeited" very well by local coinage authorities. You should read Kahn if you do not think silver can be "counterfeited" easily. </p><p><br /></p><p>Also be careful, as China does not have a lust for silver like in the west. They never really had this beat into them that "only PM is money" like many here have. To the Chinese, jade or raw silk was just as desirable, or more so, than any PM. Btw, one of the main sources of silver in China used to be tariffs on the silk road trade overland, sources that dried up with the advent of sea traffic. That is why they switched to Mexican silver being the preferred coinage. However, internally, they usually melted these coins into taels for internal use. </p><p><br /></p><p>Like I said, if this is your area you are interested in, start by reading Kahn. It will be illuminating.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1581735, member: 26302"]I have the definitive economic hiistory of China, the one translated by a professor at Western Washington. Do you have that? I apologize I don't remember the name of it. Also Kahn covers silver in China during this period extremely well. Silver in china during the late 1800 was "counterfeited" very well by local coinage authorities. You should read Kahn if you do not think silver can be "counterfeited" easily. Also be careful, as China does not have a lust for silver like in the west. They never really had this beat into them that "only PM is money" like many here have. To the Chinese, jade or raw silk was just as desirable, or more so, than any PM. Btw, one of the main sources of silver in China used to be tariffs on the silk road trade overland, sources that dried up with the advent of sea traffic. That is why they switched to Mexican silver being the preferred coinage. However, internally, they usually melted these coins into taels for internal use. Like I said, if this is your area you are interested in, start by reading Kahn. It will be illuminating.[/QUOTE]
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Can someone explain to me the issue of silver v. gold in late 19th c. America?
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