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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (6110)	11/9/2002 4:23:48 PM
From: goldsheet	Read Replies (1) \| Respond to of 8010

<However, there is no first order reason to exchange a silver coin containing low priced silver for full valued gold, as both will buy their face value worth of goods due to legal tender laws> Let's say you had a gold coin in your pocket and a silver coin in your pocket, both with a face value of $1. The gold coin has a bullion content of $1.00 and the silver coin has a bullion content of $.90, which one would you get rid of when you went to spend you next dollar ?? The silver one, although it has the same face value, EVERYONE knows it has a lower instinsic value. As a result subsidiary silver coinage diappeared from circulation several times in the 19th century. Folks did not want silver coinage, and the bimetallic standard died. Check the Gresham's law slide I gave you the links to.

To: Don Lloyd who wrote (6110)	11/9/2002 4:28:14 PM
From: goldsheet	Read Replies (1) \| Respond to of 8010

<Your posts and references have been invaluable and I've already ordered three books as a result this morning. Amazon's one-click purchase is the greatest thing since sliced bread. (if the stock to buy actually exists).> Wish I had known you were asking for book selections so you could buy them via Amazon. If you had ordered them through my website or with my website code in the URL, I could have picked up the 15% commission and rebated 50% of it back to you. A win-win opportunity.