Look at steemsilvergold community. We accumulate money, not in its fiat form, but in the form of silver/gold. Is it dangerous and inefficient because it prevents capital from flowing to its most valuable application, as you said above?
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No I do not think so. I think silver and metals are valuable commodities. The logic for their exchange is quite different. Commodities served (and continues to serve) a superb store of value through turbulent times.
@ronaldovelino. I think the scenario of a simple drying up of present supplies of metals is very possible. The mindset of a stacker or collector is almost always "more". This is an unsustainable attitude towards money itself because money is an instrument to secondary goods and services.