Behaviors such as forgery, hoarding, printing paper currency without the legitimate backing of bullion, and such are treasonous.
One would be forgiven for thinking that during the war little was happening at the level of gold bullion.
English gold, either as specie or bullion, was the key.
The effects on the bullion trade were immediate and quite dramatic.
The alleged outflow of bullion cannot fully explain the constraints to capital formation.
To implement his project, then, he crafts a hundred cubes of gold bullion, each worth $5 million.
At its peak, the premium soared to 30 percent greater than its equivalent in silver bullion.
The impact of domestic factors on bullion, its price and its currency in the market was mainly demand-related and mostly shortterm in nature.
