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Silver's scarcity is less than gold but its practical portability and exchangeability is a bit greater than gold, because typical units of exchange align with p
by Empact 7y ago
Silver's scarcity is less than gold but its practical portability and exchangeability is a bit greater than gold, because typical units of exchange align with practical amounts of metal (coin-size, rather than gram-size).
However, now that a highly-scarce, highly-portable, and highly-divisible Bitcoin is on scene, silver is less useful as a monetary metal because it loses to gold and/or Bitcoin on each of these qualities.