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<p>[QUOTE="Clawcoins, post: 3183826, member: 77814"]PMs as a method of financial standing cannot be used to handle various things like Inflation, Wage Growth, long distance trade, general commerce, etc. with foreign gov'ts. It's okay for localized barter/trade.</p><p><br /></p><p>PM based currency led to inflation and stagnation in the past. The gov't had to control the price of PMs as PMs had to be bought and guaranteed to a bearer of a paper note. This made it unattainable as the money supply had to be maintained to provide a method of commerce, wages, etc. This also made it an unlikely method for investment with a controlled valuation.</p><p><br /></p><p>Technically, for every ounce redeemed, another ounce had to be bought to take it's place because that dollar bill has to enter distribution again. That's 2x the price.</p><p><br /></p><p>I love my silver and gold, but I also know it's real limits.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3183826, member: 77814"]PMs as a method of financial standing cannot be used to handle various things like Inflation, Wage Growth, long distance trade, general commerce, etc. with foreign gov'ts. It's okay for localized barter/trade. PM based currency led to inflation and stagnation in the past. The gov't had to control the price of PMs as PMs had to be bought and guaranteed to a bearer of a paper note. This made it unattainable as the money supply had to be maintained to provide a method of commerce, wages, etc. This also made it an unlikely method for investment with a controlled valuation. Technically, for every ounce redeemed, another ounce had to be bought to take it's place because that dollar bill has to enter distribution again. That's 2x the price. I love my silver and gold, but I also know it's real limits.[/QUOTE]
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