COMMENT: You’re mistaken. Silver didn’t decline throughout World Conflict II.
TH
ANSWER: I believe you misunderstood what I stated. It isn’t that silver declined in value as a result of it was fastened, as you may see from this chart. Nevertheless, silver declined relative to nickel, which was extra crucial in the course of the conflict, so that they changed the 5-cent nickel with almost pure silver. After the conflict, the 5 cent returned to being struck in nickel. What I stated is to concentrate to the unfold between silver and nickel as a sign of conflict.
Throughout World Conflict II, they imposed fastened costs to forestall inflation. As you may see, as quickly because the conflict ended and the value fixing ended, there was a serious rally in 1945. By 1966, silver was testing the excessive of World Conflict I. The foremost low was with the inventory market in 1932 BECAUSE the greenback was at a report excessive.
