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<p>[QUOTE=&quot;Clawcoins, post: 2739244, member: 77814&quot;]if folks had to only hold physical PMs then that would slow down the trade of PMs as you would have to physically deliver/obtain it.&nbsp; </p><p><br /></p><p>Also think of logistics.&nbsp; If you have to physically have the PM with you when you buy/sell it your also reduce the locality of where/how you sell it.&nbsp; That could lower or raise it&#039;s value .. all dependent.&nbsp; As you further limit the locality of how one can sell/buy PMs you isolate regions in their buy/sell patterns and it becomes more difficult to use PMs, ie commerce.&nbsp; Thus the reason they evolved to a central coinage.&nbsp; Just read about how the money supply evolved to what it is today from the Colonial days.</p><p><br /></p><p>Paper based allow people, just like in stocks, to &quot;day trade&quot; it.&nbsp; Thus you&#039;ll see volatile up/down spikes like we see.&nbsp; Unless someone shows up with a ton of silver to sell and there was ample people to buy it, otherwise the price would drop and may saturate the local market depressing the valuation in that local market.</p><p><br /></p><p>By holding PMs physically you have transferred some wealth into a physical asset.&nbsp; Just like buying a house (though no maintenance, etc) [ ignoring numismatic valuations ], and houses used to be strictly a localized, in-person transaction. But now with online transactions you can buy a house/condo/etc from around the globe too.[/QUOTE]</p><p><br /></p>

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