bullion

Examples of bullion in the following topics:

• The Economy under the Ming Dynasty

  • The economy of the Ming dynasty was characterized by extreme inflation, the return to silver bullion, and the rise of large agricultural markets.
  • The early Ming dynasty attempted to use paper currency, with outflows of bullion limited by its ban on private foreign commerce.
  • As their purity and exact weight varied, they were treated as bullion and measured in tael.
  • Excessive luxury and decadence marked the late Ming period, spurred by the enormous state bullion of incoming silver and by private transactions involving silver.

• Inadequate Currency

  • It also repealed the statutory provisions allowing silver bullion to be presented to the Mint and returned in the form of circulating money.
  • Bland, sought the passage of bills to allow depositors of silver bullion to receive it back in the form of coin.
  • Allison, did not reverse the 1873 provisions, but required the Treasury to purchase a minimum of $2 million of silver bullion per month.
  • The profit, or seignorage, from monetizing the silver was to be used to purchase more silver bullion.

• Ivory Carving

  • Ivory carving has a special importance to medieval art history of Europe and Byzantium because it has no bullion value and is not easily recycled like precious metals or jewels.

• The Economy and the Silver Solution

  • Free silver advocates wanted the mints to accept silver on the same principle, so that anyone would be able to deposit silver bullion at a Mint and in return receive nearly its weight in silver dollars and other currency.
  • In addition to the $2 million to $4 million that had been required by the Bland-Allison Act of 1878, the U.S. government was now required to purchase an additional 4.5 million ounces of silver bullion every month.

• Types of Currency

  • Some bullion coins such as the Australian Gold Nugget and American Eagle are legal tender, but they trade based on the market price of the metal content as a commodity, rather than their legal tender face value (which is usually only a small fraction of their bullion value).

• Mediterranean Trade and European Expansion

  • Several European mines were exhausted; the lack of bullion leading to the development of a complex banking system to manage the risks in trade.

• Bankers and Lawyers

  • Many blamed the economic turmoil on the banks' irresponsibility in funding rampant speculation and issuing excessive paper money unbacked by bullion reserves.

• Ivory Carving in the Early Byzantine Empire

  • This art form has a special importance to the history of Byzantine art because it has no bullion value and is not easily recycled like precious metals or jewels.

• Confederate Finances

  • The Confederate economy also relied on voluntary donations of coins and bullion from private individuals in support of the Confederate cause; these were initially quite substantial, but became scarce by the end of 1861.

• Economic Conditions

  • Free silver advocates wanted the mints to accept silver on the same principle, so that anyone would be able to deposit silver bullion at a Mint and in return receive nearly its weight in silver dollars and other currency.