By Toni Straka of The Prudent Investor
Germany Unwittingly Adopts A Silver Standard Due to Soaring Price
As this story is widely circulating in Germany it can be expected that these coins will be sold out by tomorrow.
Germany's time on a theoretical silver standard - the country was on a bi-metallic standard before the Weimar Republic in the 1920s - won't last long, though.
In order to counter soaring silver prices and keep the denominated value below the silver value the country has announced it will reduce the silver content to 10 grams or 0.3215 ounces in its commemorative silver coin line from January 2011.