Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
What happen to the Silver Market?
>
Reply to Thread
Message:
<p>[QUOTE="fatima, post: 1272539, member: 22143"]Copper more valuable than gold? Sure it was. Copper is one of the two elements that makes bronze and bronze was needed for military campaigns. It was controlled and produced by goverments. There are plenty of fables from ancient times about this including a reference in one of the Bibles about silver and gold being a common as stone in comparison. I did go look it up and according to wiki, 95% of all the copper ever produced was after the start of the 20th century. I saw a demonstration once of how copper was made in historical times and it's a long difficult process that involves a lot of labor. It isn't the ore that is rare, it was the production process that made the refined metal rare. </p><p><br /></p><p><i>"What people need to understand about currency is the government <u>has not once done this as a public service.</u>"</i> Not true. From the US Coinage Act of 1972:</p><p><br /></p><blockquote><p><br /></p><p>Sec. 14. And be it further enacted,Persons may bring gold and silver bullion, to be coined free of expense; That it shall be lawful for any person or persons to bring to the said mint gold and silver bullion, in order to their being coined; and that the bullion so brought shall be there assayed and coined as speedily as may be after the receipt thereof, and that free of expense to the person or persons by whom the same shall have been brought. And as soon as the said bullion shall have been coined, the person or persons by whom the same shall have been delivered, shall upon demand receive in lieu thereof coins of the same species of bullion which shall have been so delivered, weight for weight, of the pure gold or pure silver therein contained: Provided nevertheless, That it shall be at the mutual option of the party or parties bringing such bullion, and of the director of the said mint, to make an immediate exchange of coins for standard bullion.......</p></blockquote><p><br /></p><p>It is as I said. Government coinage was nothing more than a convenient assay and denomination of the metal. </p><p><br /></p><p>Finally and one more time, I have never said that gold is the only metal to qualify as money. If this is all you are getting from what I have said, then I simply give up having the discussion with you. You either don't consider the context, or are being obtuse. I can't figure out which but it really doesn't matter.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1272539, member: 22143"]Copper more valuable than gold? Sure it was. Copper is one of the two elements that makes bronze and bronze was needed for military campaigns. It was controlled and produced by goverments. There are plenty of fables from ancient times about this including a reference in one of the Bibles about silver and gold being a common as stone in comparison. I did go look it up and according to wiki, 95% of all the copper ever produced was after the start of the 20th century. I saw a demonstration once of how copper was made in historical times and it's a long difficult process that involves a lot of labor. It isn't the ore that is rare, it was the production process that made the refined metal rare. [i]"What people need to understand about currency is the government [u]has not once done this as a public service.[/u]"[/i] Not true. From the US Coinage Act of 1972: [INDENT] Sec. 14. And be it further enacted,Persons may bring gold and silver bullion, to be coined free of expense; That it shall be lawful for any person or persons to bring to the said mint gold and silver bullion, in order to their being coined; and that the bullion so brought shall be there assayed and coined as speedily as may be after the receipt thereof, and that free of expense to the person or persons by whom the same shall have been brought. And as soon as the said bullion shall have been coined, the person or persons by whom the same shall have been delivered, shall upon demand receive in lieu thereof coins of the same species of bullion which shall have been so delivered, weight for weight, of the pure gold or pure silver therein contained: Provided nevertheless, That it shall be at the mutual option of the party or parties bringing such bullion, and of the director of the said mint, to make an immediate exchange of coins for standard bullion.......[/INDENT] It is as I said. Government coinage was nothing more than a convenient assay and denomination of the metal. Finally and one more time, I have never said that gold is the only metal to qualify as money. If this is all you are getting from what I have said, then I simply give up having the discussion with you. You either don't consider the context, or are being obtuse. I can't figure out which but it really doesn't matter.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
What happen to the Silver Market?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...