Business & Finance: Silvery Hopes

With the President and Congress plumping for inflation (see p. 10), silver prices last week jumped more than 25%. from 28¢ per oz. to the neighborhood of 36. Practically every inflationary scheme discussed had its silvery promise: to remonetize silver at 16 to 1; to have the U. S. take $100,000,000 worth of silver from any government in payment on War debts; to have the U. S. buy 5,000,000 oz. of silver per month; to have the U. S. buy $250,000,000 worth of silver to remove the world surplus. Three classes of arguments were...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!