So i have a question and would love to hear what you guys think....
I believe in precious metals as true god's money, and that there isnt anything else that can top that (cryptos).... without a doubt i believe precious metals should be the form of money we use.... but often people will say that there isnt enough gold on earth for everyone to use (truth is there is, just the price of gold is too cheap). But anyone who owns gold knows that they would rather just store it and not use it... they would much rather use their silver as money or to trade....
So my question is why not focus on silver backed money rather than gold? Since there is alot more physical silver than gold on earth? Would be alot easier.... personally id use gold for large purchases and silver for day to day living.... i know mexico wanted a silver backed currency back in the day...
Silver like crude oil has tons of uses and is very important.... also happens to be very under valued...
What do you do you think?
@mgtow-stacker
Good Post!
Thanks for sharing.
I'm sure you know the reason we do not use precious metals to back currency, so that the Federal Reserve can keep control of our paper. However, if we were to go back to a system in which PMs backed currency, I'd think that we would go back to having both silver and gold certificates.
The govt doesnt use it because its easier to print fiat and drive us all into debt.... but i was just wondering if everyone makes a fuss about there being not enough gold to go around, thats fine because theres tons of silver....
The good thing with crypto in my opinion it had taught alot of people about the finacial system and what fiat is.... that push to get out of a controlled fiat and into something you have more control over.... eventually the world specifically the west will wake up and see that true value of PMs.... ill keep stacking... at these prices i cant hold back lol