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<p>[QUOTE=&quot;medoraman, post: 1582487, member: 26302&quot;]Don&#039;t we already HAVE a method of denominating your wealth in silver, and that is called &quot;buying silver&quot;. Sorry, I simply don&#039;t see most of the world giving a crud about silver. Yes, tying a Thai baht, (for example) to .1 ounces of silver would about guarantee the Thai baht would go up every year versus other currencies. What about the Thai people? Every year their exports would have get more expensive, or their economy would have to become deflationary. Either alternative is horrible for their economy. I believe almost any other economy attempting this would experience the same.</p><p><br /></p><p>So, why would politicians self inflict such terrible pain on their economy all in the name of a few nutcases, (myself included), who give a rip about silver? Yes, people who already own Thai baht would have a better store of value, but to do this you would wreck Thailand&#039;s economy.</p><p><br /></p><p>Btw, currencies go up in large part due to returns that can be generated in that currency. Why are you so sure this would be by definition, &quot;immediately become far superior to all others and warrant the most investment&quot;?</p><p><br /></p><p>Read more: <a href="http://www.cointalk.com/t214858-25/#ixzz2DdyzVVl0" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t214858-25/#ixzz2DdyzVVl0">http://www.cointalk.com/t214858-25/#ixzz2DdyzVVl0</a></p><p><br /></p><p>I can buy Brazilian currency and generate 14% returns effectively risk free today, (except country risk). Do you believe silver is more impressive than that? If this would REALLY work, don&#039;t you think Chavez or someone else who hates the West would already have done it?</p><p><br /></p><p>Just my opinion.[/QUOTE]</p><p><br /></p>

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