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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%4:00 PM EST
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To: energyplay who wrote (23470)10/4/2007 5:45:26 PM
From: Slagle  Read Replies (1) of 217830
 
Energyplay,
You are probably right about that with regards to the excessive amount of mining "free silver" could have caused.

But there were other possible routes that could have been taken short of total "free coinage of silver". After all, "free silver" was just a concept and a political slogan anyway. Seems to me the real nub of the thing was the desire on the part of many of the free silver advocates that the ratio of gold and silver be fixed by law, this concept being known as bimetallism. With "free and unlimited coinage" this could have been a real problem.

But what if a great deal more silver had been coined? Every session of congress debated this and fixed the amount of silver coinage for the mint. What if they had simply allowed two, three or five times as much?

Or maybe a limited amount of "free silver" or maybe increased silver coinage without the enforced ratio?

Anything that could have put more money in the hands of the people out in the middle of the country and especially in the south would have been a good thing. Maybe there would never have been a great depression, a New Deal or a Federal Reserve. And without a Woodrow Wilson probably no world wars, for us anyway.

And over time the silver would has risen in value anyway, most surely by 1964.
Slagle
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