COMMENT: You’re mistaken. Silver didn’t decline throughout World Conflict II.
TH
ANSWER: I feel you misunderstood what I mentioned. It’s not that silver declined in worth as a result of it was mounted, as you may see from this chart. Nonetheless, silver declined relative to nickel, which was extra important in the course of the conflict, so that they changed the 5-cent nickel with practically pure silver. After the conflict, the 5 cent returned to being struck in nickel. What I mentioned is to concentrate to the unfold between silver and nickel as a sign of conflict.
Throughout World Conflict II, they imposed mounted costs to forestall inflation. As you may see, as quickly because the conflict ended and the worth fixing ended, there was a significant rally in 1945. By 1966, silver was testing the excessive of World Conflict I. The main low was with the inventory market in 1932 BECAUSE the greenback was at a document excessive.
