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<p>[QUOTE=&quot;InfleXion, post: 1454809, member: 29012&quot;]I am somewhere in the middle on this. Silver definitely, far too small of a market to hold a candle in the global marketplace, or for monetary backing unless the price were to go astronomical, but gold on the other hand is perfectly suited for these things with its much higher price as well as greater abundance currently available for use.&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>If US dollars truly had the value that gold has there would be no need for central banks to hold it, not to mention the gold window would never have been closed. The fact that they do hold it illustrates that it is worth more than anything else to them, or else they would hold whatever else that might be instead. It may not necessarily be worth more than anything in dollar terms, but from a functional standpoint for how they operate it is integral. I am referring only to central banks, not the &#039;banking world&#039; per se which may comprise of smaller banks that don&#039;t hold gold reserves, but rather merely borrow money from the bigger banks that do. It&#039;s not hard to find someone at your local branch who has no concept of real money.&nbsp; &nbsp; </p><p><br /></p><p>To say no one in the banking world believes gold has value that US dollars do not is also unsubstantiatable unless you know the views of every single person involved.[/QUOTE]</p><p><br /></p>

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