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What if silver was put back into circulation?
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<p>[QUOTE="Blaubart, post: 1433798, member: 37498"]I noticed you used the word "today" in your post four times, and I agree, "today" our money is indeed money. But when I said "real money", I was thinking beyond today. I meant something that can be used as money in our current system, but also have the additional benefit of being valuable 50-100 years from now when who knows what happens to our economy. That's what I call "real money".</p><p><br /></p><p>For example. What would have happened if a guy in Germany stashed one million Deutschemarks in a box, and sealed that box inside a wall twenty years ago, for his kids to find after he died. His kids remodel and find the box today. What's it worth? Not one million Euros. Probably not even a thousand Euros in collector value.</p><p><br /></p><p>Of course the German Mark was demonitized when they changed over to the Euro. After the deadline, the Mark became worth the paper it was printed on, and the coins became worth the metal they contained.</p><p><br /></p><p>Now, what would happen if that same guy stashed one million Marks worth of Silver in a wall. That would have been about 165,000 ounces of silver. Twenty years later, his kids would find 165,000 ounces of silver. Instead of being worth close to nothing, it would be worth close to four million Euros.</p><p><br /></p><p>Speaking of uncertainty, maybe we'll discover a way to efficiently rearrange atoms in such a way as to make any element we want. This discovery could very well make every element abundant and the concept of precious metals would be a thing of the past. All of our PM bullion could instantly be reduced to numismatic value.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1433798, member: 37498"]I noticed you used the word "today" in your post four times, and I agree, "today" our money is indeed money. But when I said "real money", I was thinking beyond today. I meant something that can be used as money in our current system, but also have the additional benefit of being valuable 50-100 years from now when who knows what happens to our economy. That's what I call "real money". For example. What would have happened if a guy in Germany stashed one million Deutschemarks in a box, and sealed that box inside a wall twenty years ago, for his kids to find after he died. His kids remodel and find the box today. What's it worth? Not one million Euros. Probably not even a thousand Euros in collector value. Of course the German Mark was demonitized when they changed over to the Euro. After the deadline, the Mark became worth the paper it was printed on, and the coins became worth the metal they contained. Now, what would happen if that same guy stashed one million Marks worth of Silver in a wall. That would have been about 165,000 ounces of silver. Twenty years later, his kids would find 165,000 ounces of silver. Instead of being worth close to nothing, it would be worth close to four million Euros. Speaking of uncertainty, maybe we'll discover a way to efficiently rearrange atoms in such a way as to make any element we want. This discovery could very well make every element abundant and the concept of precious metals would be a thing of the past. All of our PM bullion could instantly be reduced to numismatic value.[/QUOTE]
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What if silver was put back into circulation?
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