OCR Text |
Show WHY SILVER STABILIZATION. There seems to be a good deal of misunderstanding of silver stabiliza- tion. It is feared that it simply means ' that silver will be given an artificial standard value, at the expense of gold. It doesn't mean this at all. As a matter of fact, silver has an artificial standard of value now it is far below be-low any reasonable level. And silver should have as definite a value as gold to half the world's people it is gold, and the only gold they know. It has been their medium of exchange for centuries, precisely as gold has to some of the western nations. It's collapse col-lapse has affected them drastically as the collapse of gold values would affect af-fect the people of other nations. Silver rehabilitation is simply an effort to permit a time-tested medium of exchange to again do a necessary work in the world. |