First, buried deep underground?
In the history of China, carrying a lot of precious gold, silver and jewels for burial has become a symbol of the royal family at that time. Therefore, a lot of money is wasted. In the history of China, there were more than 300 emperors, countless princes, sons and powerful ministers. At present, the number of archaeological excavations is only nine Niu Yi hairs, and more silver is still buried deep underground.
Second, a large amount of compensation leads to outflow.
As we all know, in the late Qing Dynasty, due to the incompetence of the Qing government, China signed a large number of unequal treaties with foreign powers, at the cost of hundreds of millions of silver outflow, which was irreparable. Moreover, foreign countries will not collect these historical silver, but will directly use it to melt it.
At the same time, the price of silver rose sharply during the Republic of China, which made many banks start to use silver dollar as a common currency. However, this is only a flash in the pan. Later, due to the excessive rise in the price of silver, the already fragile economy of the Republic of China became worse. In the end, a large amount of silver can only flow overseas and embark on the old road of the late Qing Dynasty.
Third, there is a lack of silver resources.
According to documents, China has used silver for more than 1000 years, but silver is a non-renewable resource, which will be exhausted one day. Constant mining makes silver a rare metal. In fact, by the Qing Dynasty, there were no new silver mines available, which made silver resources more and more scarce and precious.
Fourth, recycling after the founding of New China.
After the founding of New China, the government recycled silver on a large scale, and after that, people hardly saw silver. Most of the collected silver was re-smelted for the development of infrastructure construction at that time, and silver successfully completed its task and was no longer used as common currency.