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<p>[QUOTE=&quot;longarm, post: 2374058, member: 76717&quot;]Money has to have certain properties.</p><p><br /></p><p>1. scarcity – You cannot create supply out of thin air unlike fiat which causes the boom and bust cycles in the economy</p><p><br /></p><p>2. durability – gold/silver last almost forever which makes them a great store of value</p><p><br /></p><p>3. fungible and divisible – they can be cut up into smaller denominations and minted into coins for trade</p><p><br /></p><p>4. portable – Their store of value allows you to carry substantial amounts in your pocket</p><p><br /></p><p>5. proven record– gold/silver have been money for over 6000 years of recorded history.</p><p><br /></p><p>6. value of use – both gold/silver have tremendous value in commercial industry, but the highest value is in the role as money[/QUOTE]</p><p><br /></p>

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