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<p>[QUOTE=&quot;InfleXion, post: 1276261, member: 29012&quot;]This particular topic has been discussed at length in other threads, and there are a number of different criteria that people use to determine this that do not always agree. The way I gauge whether something is a monetary metal is by 2 things.&nbsp; </p><p><br /></p><p>1) Has there ever been a monetary standard based on the metal?</p><p>2) Popular opinion based on my encounters with people which is an unreliable variable and only really has merit from the individual&#039;s (my own) perception.&nbsp; </p><p><br /></p><p>This doesn&#039;t mean the PGM&#039;s can&#039;t fulfill such a role, merely that they have not held that role at some point in history so I do not view them as monetary metals. If they were I would expect platinum to still be higher than gold.&nbsp; </p><p><br /></p><p>&nbsp; </p><p><br /></p><p>Interesting, I was unaware of this. It appears to me that whether a metal has been used to coin money or not doesn&#039;t matter nearly as much as whether that metal has been used for a &#039;metal standard&#039; for backing paper currency, an important distinction in deriving what constitutes a monetary metal in my opinion. Otherwise metals like copper, aluminum, zinc, tin, nickel, and others would fit into monetary metal status which is obviously not the case. As far as I can tell only gold and silver fit that criteria.[/QUOTE]</p><p><br /></p>

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