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Silver's role in the Manhattan Project

derrybderryb Posts: 36,818 ✭✭✭✭✭
in Precious Metals

The U.S. War Department borrowed 14,000 tons of government silver in its drive to make the world's first atomic bomb.

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • HigashiyamaHigashiyama Posts: 2,192 ✭✭✭✭✭

    That’s amazing. It’s actually quite extraordinary that we had 400,000 1000 ounce bars available. I guess we owe something to the silver lobby!

    Higashiyama
  • element159element159 Posts: 511 ✭✭✭

    I did not know that the Treasury actually got back more silver than was loaned to the Manhattan Project, even though there were of course some losses. Interest paid in physical silver!

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That is an excellent article. Great detail and project definition. Cheers, RickO

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    Interesting article. Thanks for sharing it.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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