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Newspaper
Silver State
Location
Winnemucca, Nevada, United States of America
Date
Aug 05, 1895
Page
2
The London Statist analyzes July 1 1893 that India’s move to curb silver coinage could push gold up as a world reserve. It warns a provisional policy may spur a gold rush, lowering prices and triggering market volatility while increasing debt burdens and rents across Europe.
The author argues increased debt requires higher taxes and burdens the populace. He warns that restoring a 16 to 1 gold to silver ratio could spike silver value to 120 dollars an ounce, enabling silver-using countries to buy U.S. products with silver. He suggests England would adjust to maintain trade by offering silver at parity, promoting international bimetallism.
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