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RE: Educating Family About Money : Part 1 – Gold and Silver

in #steemsilvergold7 years ago

Money by definition cannot be a unit of measure and fluctuate in it's measure. Anything that can deflate or inflate cannot be money, it can only be commodity, money can only be an abstract, not a real tangible thing. If a large reserve of silver is unleashed on the market your silver will be in the same boat FIAT is in, and you cannot use silver for much, you might as well invest in any other commodity because most commodities have an utilitarian or intrinsic value attached to themselves.