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historySep 16, 202014:57pending

Gold, Silver, Wealth and War

The Context

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Prices of gold and silver skyrocketed in the first half of the year amid uncertainties of the global economic prospect. China has a long history of using gold. But China has never been on gold standard. Instead, silver dominated the country as a national currency for hundreds of years partly due to silver influx from European colonies in the Americas. Silver also brought wars between China and the world powers. 

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Gold, Silver, Wealth and War

The Context

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