Show SILVER prognostication is a dangerous pastime except for the professional prophet and he gets paid for hoodwinking the unwary sometimes however ills his visions of future glories are not so very far amiss A few months ago the mining review in common with sundry and numerous contemporaries predicted seventy cent silver and lo 10 after many days it has come to pass and miners and capitalists of the western states have joined hands in a joyous dance around the silver maypole ninety cent silver and one dollar silver are now predicted as freely as seventy cent silver was at that time indeed some writers go beyond those figures and say that only the sky is the limit as 28 for instance the editor of a mining pap paper r not a thousand miles from here who recently ended an enthusiastic article with the words or who can predict with any certainty that silver will not duplicate the example t of tungsten and soar to price levels i heretofore regarded as unattainable events of the past two years have pointed unerringly to the present condition of the silver market and the only wonder is that the price is not higher than it is ivah drapal of gold as a medium of circulation from all markets of the world except this country heavy shipments from here to england almost france russia and japan an unprecedented demand from the east in I 1 dies and china a practical elimination of 0 mexico as a source of supply the large lare quantities purchased by the united state stall for subsidiary coins the shortage of silver silv in egypt which has already resulted in ill the t indian rupee being put into circulation as of the g legal tender there and the extension area in which it has to do duty namely wel 85 mesopotamia and east africa as into 1 egypt the embarkation of australia the minting of its own silver coins the j mintage of japan on account of russia the readjustment of the currency of india all these have assisted in putting the price of the white metal at its present level and will undoubtedly assist in pushing it higher A well known eastern authority has the following to say regarding the future of the metal european governments have recognized the substantial curtailment of the worlds production of silver and fore seeing that their silver reserves must be of an unusually substantial character not only at the conclusion of hostilities in order that the preponderance of paper money may not be too great to cause alarm in the minds of the public but while the war is still in progress for the payment of its armies and in order that gold may ibe be retained in the national treasuries it is recognized especially in great britain that the too free circulation of flat fiat money will cause uneasiness and that the public demands for the circulation of metal must be met unwilling to part with their gold reserves itis it is understood to be their intention to mint silver to a degree not experienced in recent financial history against these future needs for silver for coinage purposes the european governments are now buying all of which sounds very much like the of silver but under a less terrifying name |