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Industrial Demand For Silver Zooms
New York AP reports that cutting silver in U S coins won’t solve the metal shortage soon. Industrial demand is rising faster than supply and world production lags. experts say five years or more may pass before balance. The Johnson administration proposes eliminating silver in dimes and quarters and halving use in 50 cent pieces to conserve stock. About $500 million yearly of silver is used in U S coins.
MENTIONED IN THIS ARTICLE
New York
U.S
Johnson Administration
Uncle Sam
Interior Department
United States