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Posted: Mon 8:55, 14 Oct 2013 Post subject: hollister sale From Mesopotamia To Mexico - A Brie |
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Silver's value is derived from its scarcity. While, it is not as rare as other precious metals such as gold or platinum, its rarity in comparison to other metals like copper and iron ore make silver bullion an ideal metal for use in currency. While it will tarnish over time, its durability as a metal makes it ideal as a lasting currency that can be exchanged from person to person over many years.
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The discovery of the New World in 1492 was boon for Europe in regards to silver production. Major deposits of silver were found in Mexico, [url=http://www.mxitcms.com/abercrombie/]abercrombie[/url] Bolivia, and Peru; and are still mined today. Mining and production of silver was so prodigious at this time that it is estimated that 25% of the world's silver supply available today was mine in this period of 1492 to 1770. This is an impressive amount of mining considering the technology available at this time coupled with the fact that mainly deposits close to the surface were harvested.
Silver coins helped America develop its economy. The United States in 1792 fixed the price of [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] silver in relation to gold and made it part of the nation's currency. This fixed price [url=http://www.jeremyparendt.com/Barbour-Paris.php]barbour pas cher soldes[/url] economic model meant that the value [url=http://www.moncleroutletosterblade.com]moncler outlet[/url] of silver could easily be calculated and there was no need to worry about a varying value for silver as in today's market. The American Eagle Silver Dollar was minted from this time period up until is discontinuation in 1965.
Today silver is mined as a byproduct of other [url=http://www.rtnagel.com/louboutin.php]louboutin[/url] metals. Mines extract silver from gold, zinc, lead, and copper mines. Recycling programs also exist to replenish silver sources. In 1986 the U.S. Mint began producing American Eagle Silver [url=http://www.gotprintsigns.com/abercrombiepascher/]abercrombie pas cher[/url] Dollars again for coin collectors. Silver is still widely regarded as a precious metal and is considered a great investment commodity by many.
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