The End of the US Civil War marked the beginning of a 40 year period of deflation in the USA. The US Price Index fell -53.9%. The Index of Wholesale Metal Prices (Table 100: Warren &Pearson, 1932) fell -65.7% and between July 1864 - December 1904, -75.4% (Table 40: Ibid.)
It is well worth examining & comparing the New York prices of PMs in this, the longest deflationary period in US history.
It is well worth examining & comparing the New York prices of PMs in this, the longest deflationary period in US history.
1865: 1 Troy Ounce Platinum (manufactured, wholesale) = USD$ 12. - 15.00
1865: 1 Troy Ounce platina (ore, retail) = USD$ 6.
1904: 1 Troy Ounce Platinum (semi-refined, whols) = USD$ 18.50
1904: 1 Troy Ounce platina (US/Cdn ore) = USD$ 12. - 15.
Conservatively estimating for similar products, platina & Platinum manufacturers rose +54% between 1865 - 1904.
1865 - 1904: Silver Fell -55.85%
1865: 1 Troy Ounce Silver = USD$ 1.3384
1904: 1 Troy Ounce Silver = USD$ 0.5909
1865 - 1904: Gold Fell -53.5%
1865 - 1904: Gold Fell -53.5%
1865: 1 Troy Ounce of Gold = $ 44.44
1904: 1 Troy Ounce of Gold = $ 20.67
No comments:
Post a Comment