On the record
That the demonetization of silver tends to add to the value of gold, and that though the relative value ebbs and flows it is more stable compared to gold than any other metal, grain, or production.
Source
gutenberg.orgThat the demonetization of silver tends to add to the value of gold, and that though the relative value ebbs and flows it is more stable compared to gold than any other metal, grain, or production.
Sherman discusses the impact of silver demonetization on gold's value, highlighting its relative stability.
Share
More from John Sherman
I worked hard that winter, for hard work, I thought, was the way to fortune.
But some of you may say, all this is very well, but what will you do to save the Union?
It is impossible for an American to visit Paris without enjoyment and instruction.
Our gold dollar is certainly as good a unit of value as the franc; and so the English think of their pound sterling.