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The problem with silver is it's not a currency it used to be, it's just a cheap metal nowadays.
by balola 7y ago
The problem with silver is it's not a currency it used to be, it's just a cheap metal nowadays.
- Cthulhu_ 7y agoOne could bet on people not being aware of that after the economy collapses. It's going to go back to bartering then, and initially the value of gold and silver will be pretty much random.
- tsimionescu 7y agoIf I understand correctly, bartering had never been a major mode of trade, even going back to tribal societies. That said, silver could become a medium of exchange again, for the same reason it had always been.
- lawn 7y agoThe problem with silver is the much larger supply compared to gold and the market cap is comparatively tiny (even less than the cryptocurrency market!). It's if course possible, but I find it quite unlikely.