Backing the US Dollar with Silver: Is it Possible Today?

You can only bring back the silver $ if it either:

1) is the size of a dime, but less purity; or
2) call it $20.

 

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Reminds me of Canada's recent silver coins with denominations far exceeding their silver value.

 

So it is safe to say that these two metals, for most of human history, have been used for little more than decoration and a representation of value...mainly because they had very little practical value. When they were used as a medium if exchange were they used as such because they had inherent value or because they had little other practical use. Was a Morgan dollar valuable because the silver was inherently valuable or did it represent value above and beyond their own inherent or practical value?

I other words...was it the silver that was truly valuable or did it represent value the same was a dollar bill, something with very little value, represents today.

 

Of course it's possible but will you like the results of doing so?