Archive for October, 2008
What is the worth of silver certificates?
Wednesday, October 22nd, 2008Earlier, US issued a legal tender in form of silver bills. These were deposited as part of representation of silver bullion. In fact, paper currencies with silver at the back were a norm quite some time ago in United States.
For instance, 100 dollar was backed by exactly tantamount worth of silver. The Bland-Allison act successfully [...]