"Silver Just Silver" 10 page article from Fortune Magazine July 1933
Stew
Posts: 1,002
I have the good fortune to come across some copies of 1932 and 1933 Fortune Magazine. Found this story about Silver in there and
thought it was pretty interesting. The best I could do was photograph the pages if you can't read them on here save them in a file and enlarge
them on your computer.Just wanted to share my good luck with the rest of the board
Enjoy
Stew
thought it was pretty interesting. The best I could do was photograph the pages if you can't read them on here save them in a file and enlarge
them on your computer.Just wanted to share my good luck with the rest of the board
Enjoy
Stew
0
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Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
12.5 cents of silver in each half dollar
It's remarkable how much silver existed in those days and how much was
in coinage. Much of the world silver had already been melted by this time
but US silver was mostly safe.
It's so ironic that instead the world went the opposite way and silver con-
tinued to depreciate right into 1935. After WW II every country in the world
abandoned silver and gold in the coinage like dominoes. More of the silver
coinage has been destroyed since but US coin is still around.
Silver production has ramped up quite a bit since the depression and first
started soaring in the 1860's.
It sure has been a roller coaster ride for this metal. The ancient Egyptians
believed gold was the skin of the Gods but silver was the bones. Of course
in those days silver was nearly as rare as gold (especially in Egypt).
It will be interesting for young people to watch this metal and peoples' per-
ception of it over their lifetimes. As technology advances there will be far
more uses and more important uses. Mining is probably within a few years
of a peak except for potential increases resulting from higher base metal pro-
duction.
Again, thanks, it's a fascinating look at silver from another angle and another
time. The author has an interesting view that might someday be seen as leg-
itimate.
...And I like some of those ads, too. Imagine being advised what's available
instead of being told a product will make you sexier. How did they ever sell
anything.
I especially like the fact that when the article was written the value of silver produced in a year was less than the value of Eskimo Pies produced in a year. Cute!
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)