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<p>[QUOTE=&quot;sakata, post: 2790212, member: 23778&quot;]Remember, there is no such thing as wealth in the modern, western sense.&nbsp; What we call wealth is merely a form of debt.&nbsp; Wealth can only arise as a product of labor that produces a more valuable (useful) product that the value of the resource required to produce it.&nbsp; The USA produces very few useful products anymore and so does not generate wealth.&nbsp; China does.&nbsp; All the USA does is create new money as a form of debt through the financial world.</p><p><br /></p><p>So, the concept of inflation is very relevant to the use of metals.&nbsp; Debt cannot be monetized by the use of metals because as your say, there is more debt/wealth than the available metals can cover (unless the price in dollars skyrockets).&nbsp; But wealth as a result of labor could still be covered by metals if their prices were allowed to float freely instead of being controlled.</p><p><br /></p><p>The topic of this thread, then, is more relevant than ever.[/QUOTE]</p><p><br /></p>

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