Good comment. Silver has always been three things: bling, booty and beauty.
Before Enzo came up with his overpriced car for drug dealers, you were limited to silver candlesticks and massive dining room table epergnes to show how much money you ferreted away.
The bankers also took an interest, issuing bonds against private wealth and government hard assets to fight wars and fund leader’s ex-wives. An obscure German-Jewish family brought this practice to a fine art, funding both sides in the Napoleonic wars.
And finally beauty. When you think of how it starts, a greyish blackish grain or seam in rock, and how it ends up, sparkling brilliance diffusing candle light into myriad forms and seductive glimpses, the entire process is little short of a miracle.
But the good folks on this fine forum who share interest in the esoteric beauty of silver (or at least curiosity about commercial marking on it) are in the minority.
Less than two percent of silver is used for that purpose. On the other hand every war ever has been funded by paying soldiers in silver. So global history is traced not by “follow the money” but “follow the silver”.
Darius II grabbed the Byzantine silver mines in what is now Turkey and Persia became the first recorded “civilization”. Darius has never read Virgil on the subject of how un trustworthy Greeks were(it hadn’t been written yet) and watched while Alexandra looting all that and built a bank in Athens which today everybody mistakes for a temple also a city in Egypt and an empire which lasted until Crassus came along and, like the Koch brothers, funded rival politicians with Spanish silver and created the first Imperial empire.
Meanwhile on the other side of the globe China was doing the same thing. We are currently once again experimenting with fiat currency, paper money. It was the downfall of two consecutive Chinese dynasties, the guy who said “L’etat et moi” before Trump made it his motto and is in the process of deep-sixing the US having thoroughly messed up the British empire.
The problem with losing empires, or living in the “interesting times” that process creates, is silver getting melted down to pay for repelling the inevitable barbarian invasion. Which lessens the amount of silver art stashed away for just that rainy day and, I suppose, makes it more desirable and valuable. At least that’s the story I tell my grandchildren who simply don’t understand why I like having cupboards of it around.
CRWW