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<p>[QUOTE=&quot;medoraman, post: 1240873, member: 26302&quot;]Good discussion. I would make two comments. </p><p><br /></p><p>In the definition of &quot;coin&quot; there is a need for a denomination and a mark of authority. PM by itself can never be that, since it never circulates for face value even if there is one. &quot;Money&quot; is more nefarious, but to me PM fails as money also since it is not standardized, meaning every time you use it it will be a barter transaction, since the person accepting it needs to convince themselves it is authentic, and then negotiate the transaction. So, to me, (and I know a lot here disagree), PM is definitely a store of value, but not technically money. ASE, if in the future circulated freely and everyone was used to accepting them for transactions, would be money though.</p><p><br /></p><p>Regarding dollar purchasing power, its always a poor decision to compare dollar purchasing power from years before to now. Why? Because &quot;dollars&quot; over the years should be assumed to be placed in an interest bearing account. A dollar in 1964 is not a dollar today, its a dollar plus 47 years of interest. We live in an inflationary environment, so any nominal comparison is simply silly since you already know the outcome before you start. You do NOT know the outcome if you adjust the nominal dollar for interest, but that would be the real comparision. Also, comparing your dimes in the 60&#039;s, did you discuss how many hours of work had to be performed back then for a dime versus today? That is pretty important to understand the REAL value of a dime, no? If you had to work 10 times as long then for a dime versus today, that also affects your comparison of a dime&#039;s purchasing power.</p><p><br /></p><p>I do not consider myself a PM bear, and do not think silver is going back to $8 soon, (if ever), and have always advocated all PM as part of a portfolio. I just want to keep the comparison playing field level, as I dislike rigged financial comparisons. </p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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