Physical gold and silver did circulate, even if more of the ...

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2026-08-22T05:01:22Z

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647edf79e3620a05bee52920222be21da3828aeb342e427d6da6585071a6b39e...

Physical gold and silver did circulate, even if more of the money supply was promises, and the rest base metals. The 14th C crisis was certainly exacerbated by a shortage of silver able to circulate.

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