The Peiping Chinese were the only major silver seller in the world markets who stopped selling the metal on Monday morning, November 27, anticipating by two days the announcement of the U.S. Treasury that the pegged offering price will be removed.

However, when the price of silver rose, the East India Company began to manufacture a product that was desired by the Chinese as much as tea was by the British: opium.

It appears that the edict was made in an attempt to preserve the current price of gold and to keep the Empire's coinage on silver, Rome's traditional metal currency.

Enactment of price controls to prevent discounting the value of paper money relative to gold, silver, hard currency, or commodities, fail to force acceptance of a paper money which lacks intrinsic value.

At an August 1, 2012 price of about $ 27. 50 USD per troy ounce, silver is about 1 / 58th the price of gold.

In 1980, the silver price rose to a peak for modern times of US $ 49. 45 per troy ounce ( ozt ) due to market manipulation of Nelson Bunker Hunt and Herbert Hunt.

In the early 15th century, the price of silver is estimated to have surpassed $ 1, 200 per ounce, based on 2011 dollars.

The discovery of massive silver deposits in the New World during the succeeding centuries has been stated as a cause for its price to have diminished greatly.

This is fixed at of pure, unrefined silver, at market price.

However, during the economic chaos of the Panic of 1873, the price of silver dropped significantly, but the Mint would accept none for striking into legal tender.

The start of the price rises actually predated the large-scale influx of bullion from across the Atlantic, reflecting in part a quintupling of silver production in central Europe in 1460-1530: though this output fell by two-thirds by the 1610s, it was significant in fueling the early stages of inflation that undermined a price regime in place since the previous upsurge in silver production in 1170-1320.

Sixty guilders in 1626 had the approximate value of $ 1000 in 2006, according to the Institute for Social History of Amsterdam Based on the price of silver, Straight Dope author Cecil Adams calculated an equivalent of $ 72 in 1992.

In the late 1970s, the Hunt brothers attempted to corner the worldwide silver market but failed, temporarily driving the price far above its historic levels and intensifying the extraction of silver coins from circulation .< REF NAME =" TEXAS "> The same process occurs today with the copper content of coins such as the pre-1997 Canadian penny, the pre-1982 United States penny and the pre-1992 UK copper pennies and two pence.

As the price of bullion silver continued to rise above the face value of the coins, many of the older half dollars were melted down.

" Chicken Bill " Lovell dumped a wheelbarrow of rich silver ore into a barren pit on his Chrysolite mining claim in order to sell the claim to Horace Tabor for a large price.

The chief requirement of these non-government purchases was that one-quarter of the purchase price had to be paid in gold or silver ; the remaining balance could be paid in bonds, acceptable scrip, etc.

The price of gold was more stable than that of silver, largely due to silver discoveries in Nevada and other places in the West, and the price of silver to gold declined from 16-to-1 in 1873 to nearly 30-to-1 by 1893.

If he thus achieves a lyrical, dreamlike, drugged intensity, he pays the price for his indulgence by producing work -- Allen Ginsberg's `` Howl '' is a striking example of this tendency -- that is disoriented, Dionysian but without depth and without Apollonian control.

The possibility of recall into the Army is part of the price that a modern American has to pay for the enviable heritage of liberty which he enjoys.

Such payments shall be made to small domestic producers of lead as long as the market price for common lead at New York, New York, as determined by the Secretary, is below 14-1/2 cents per pound, and such payments shall be 75 per centum of the difference between 14-1/2 cents per pound and the average market price for the month in which the sale occurred as determined by the Secretary.

Such payments shall be made to small domestic producers of zinc as long as the market price for prime western zinc at East Saint Louis, Illinois, as determined by the Secretary, is below 14-1/2 cents per pound, and such payments shall be 55 per centum of the difference between 14-1/2 cents per pound and the average market price for the month in which the sale occurred as determined by the Secretary.

Good workmanship is important in the installation, so if you're doing your own contracting, don't award the job on the basis of price alone.

There must be a restriction in the deed to provide that the customer may not be charged more than the current market price for the oil, an obvious precaution, since the account is permanently wedded, just like with gas or electricity.

The data is now interpreted in conjunction with a price chart, usually of a popular stock average.

Towards the end of an intermediate or major rise, while the top is forming on the price chart, it is frequently observed that the odd-lot buying increases sharply.

Similarly, at the opposite end of the market cycle, towards the end of an intermediate or major decline, usually while the bottom is being formed on the price chart, it is characteristic that an increase is noticed in odd-lot selling again alerting the chartist that a bottom is becoming a greater likelihood.

The model of this paper considers an industry which is not characterized by vigorous price competition, but which is so basic that its wage-price policies are held in check by continuous critical public scrutiny.

In any given time period, the aggregate demand for the industry's product is determined by two things: the price charged by the industry, and the level of Aj.

The form of the industry demand function is one which makes quantity demanded vary inversely with the product price, and vary directly with the level of Aj.

The industry of this model is so important that its wage and price policies are affected with a public interest.

Because of its importance, and because the lack of price competition is well recognized, the industry is under considerable public pressure not to raise its price any more than could be justified by cost increases.

Mining increased by 9. 2 %, stimulated by higher output and a higher average price of nickel, the country's most important mineral.

Since petroleum is so important to industrialised economies, a large increase in its price can lead to the increase in the price of most products, raising the inflation rate.

An important consequence of such behaviour is worth noticing: typically a monopoly selects a higher price and lesser quantity of output than a price-taking company ; again, less is available at a higher price.

It is important to realize that partial price discrimination can cause some customers who are inappropriately pooled with high price customers to be excluded from the market.

Accurate business valuation is one of the most important aspects of M & A as valuations like these will have a major impact on the price that a business will be sold for.

He argued supply was easier to vary in longer runs, and thus became a more important determinant of price in the very long run.

Porsche then formally announced in a press statement that it did not intend to take over Volkswagen Group ( it would set its offer price at the lowest possible legal value ) but intended the move to avoid a competitor taking a large stake, and to stop hedge funds dismantling Volkswagen Group, which is Porsche's most important partner.

Along with potassium, many important medicines have sodium added to improve their bioavailability ; although in most cases potassium is the better ion, sodium is selected for its lower price and atomic weight.

In contrast, Faizul Latif Chowdhury, in 1999, suggested a production-substituting model of smuggling in which price disparity due to cost of supply is critically important as an incentive for smuggling.

One more important innovation in communications was the Penny Black, the first postage stamp, which standardised postage to a flat price regardless of distance sent.

These achievements have been ascribed by analysts to good macroeconomic management, important fiscal reforms, increasing capital inflows, access to low-cost external financing and a five-fold increase in the price of oil and gas which constitute the majority of Russian exports .< ref name = rutland >

An important base for the first definition of market socialism in economic theory is the Lange Model, which states that an economy in which all production is performed by the state, but in which there is a functioning price mechanism, has similar properties to a market economy under perfect competition, in that it achieves Pareto efficiency.

Cut and carat ( weight ) are also an important factor in determining the price.

Differentiation of products along key features and minor details is an important strategy for firms to defend their price from leveling down to marginal cost.

History has shown that the price of shares and other assets is an important part of the dynamics of economic activity, and can influence or be an indicator of social mood.

* The Spartan ruler, Nabis, acquires the important city of Argos from Philip V of Macedon, as the price of his alliance with the Macedonians.

" Armistice Day is one the most important military celebrations in France, since it was a major French victory and the French paid a heavy price in blood to achieve it.

The certification process makes the workstation's price jump several notches but for professional purposes, reliability is more important than the initial purchase cost.

Setting the right price is an important part of effective marketing, being the only part of the marketing mix that generates revenue, as product, promotion, and place are all about marketing costs.