文章基本信息

标题：Free coinage for gold and silver Then and now
本地全文：下载
作者：Hugo Salinas-Price
期刊名称：Journal of Economics and International Finance
电子版ISSN：2006-9812
出版年度：2012
卷号：4
期号：3
页码：55-60
DOI：10.5897/JEIF12.019
语种：English
出版社：Academic Journals
摘要：Some people think that one of the fundamental institutions of the 19th century should be restored; we singled out Great Britain as the great leader embracing this institution. This institution was the free minting of gold practiced by Great Britain in its heyday of growth, world economic and financial power. Under this system, any owner of gold bullion could take his bullion to the Royal Mint and have it minted into coins containing exactly the same amount of gold. This was done at no cost to the owner of bullion as a government service to the economy. Thus, the owner of gold bullion converted his bullion directly into money which could be saved, invested or spent at will. The new gold was turned into money and increased the money supply because gold was money. Another idea was been floated, regarding doing the same with silver: “Opening the Mint to Silver” is the same idea as free coinage of gold, outlined earlier, but applied to silver. Some people thought that re-instituting this practice of centuries prior to the 1800’s, which was indeed entirely wholesome and beneficial in its time, would produce the same wonderful results today; supposedly, the restoration of this institution would restore stability, growth savings and true and lasting prosperity.