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<p>[QUOTE=&quot;Sallent, post: 2503107, member: 76194&quot;]Fiat currency is here to stay. There is not enough gold in the world to back the global economy we have today. It may have worked in the pre-industrial age with 500 million people in the planet and only a handful of European nations, Asian nations, and the US engaging in any significant amount of international commerce (which paled in comparison to the complex and massive webs of commerce we have today) , but it would just not work today. Which is why nations have abandoned a metals based economy for fiat.</p><p><br /></p><p>Also, silver&#039;s industrial use is very little today compared to what it was decades ago. Other than for some cheap jewelry and for bullion collectors, and the apocalypse believers, silver doesn&#039;t mean much to most people anymore, and the average person no longer associates silver with money (despite you wishing it so).</p><p><br /></p><p>Hey, I like silver as much as anyone else here. I collect nothing but ancient and medieval silver coins, but I have no pretensions that silver is going to become this magical get rich thing. And if the global economy did collapse to the point fiat money was meaningless (as highly unlikely as that is) ...silver and gold would be the least of your worries. Getting basic necessities such as food and clean water, and not being murdered, would be the priority. You can&#039;t eat or drink gold and silver, and it won&#039;t keep a sociopath who can no longer find medicine to control his murdering urges from hacking you to death with a rusty knife. I definitely would not want to live in that nightmare of no commerce, no luxuries, no basic necessities, no law and order, and complete chaos (ie. the stone age all over again). Not that it will happen, as fiat can be reissued, revalued, etc., making the doomsday scenario unlikely.[/QUOTE]</p><p><br /></p>

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