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Old 06-08-2011, 03:06 PM
siginah siginah is offline
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Default The Crime Against Silver

Richard (Rick) Mills
Ahead of the Herd

In 1873, the Fourth Coinage Act was enacted by the US Congress. Western silver miners labeled this measure the "Crime of '73" because it stopped the printing of US silver dollars. The US had, unofficially, abandoned its bimetallic standard in favor of a monometallic one gold.

The supply of silver not being used for coinage increased - European Nations had just gone from a silver to a gold standard, the US was no longer coining silver dollars and these two factors, when coupled with massive new silver discoveries in the American west, caused the price of silver to collapse.

http://aheadoftheherd.com/Newsletter...st-Silver.html
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Old 06-08-2011, 03:44 PM
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alor alor is offline
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Smile sorry to take your time, but this ie heavy stuff

http://www.silver-investor.com/archives/index.html

information overload
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Old 07-08-2011, 04:40 AM
anzu anzu is offline
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Quote:
Originally Posted by siginah View Post
In 1873, the Fourth Coinage Act was enacted by the US Congress. Western silver miners labeled this measure the "Crime of '73" because it stopped the printing of US silver dollars. The US had, unofficially, abandoned its bimetallic standard in favor of a monometallic one gold.
His article rambles throughout history rather focus on justifying the claim the above event was a crime. It looks more like the silver miners lost their welfare program and were quite upset by that. That the elimination of the welfare program was at the behest of other moneyed interests is unsurprising.
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