Silver Prices: When Schrödinger’s Cat Jumps Out of Pandora’s Box

silver-coin-investor.com / By Dr. Jeffrey Lewis / August 2, 2012

Although silver is traded as a commodity, it is also a form of money. You only have to go back less than a hundred years in the long span of human history to discover that silver once circulated widely as currency, typically in the form of silver coins.

In fact, the UK’s paper currency the Pound Sterling originally obtained its name from the British currency that once represented the value of one pound of sterling silver, which is a mixed metal that consists of more than 92.5 percent pure silver.

Furthermore, as you look closely at the supply and demand profile for silver, the issue of its monetary status seems increasingly important.

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2012-08-06 13:49:40

Source: http://silveristhenew.com/2012/08/06/silver-prices-when-schrodingers-cat-jumps-out-of-pandoras-box/