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What if silver was put back into circulation?
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<p>[QUOTE="GDJMSP, post: 1434322, member: 112"]Small problem with that, you don't know that it will be valuable 50-100 years from now, regardless of what it is. All you do is guess and hope.</p><p><br /></p><p><br /></p><p><br /></p><p>Again, a small problem. The guy was not stashing "money", he was stashing silver. And what we are talking about is money. He could have stashed gem stones, or aluminum, or copper, or scrap iron for that matter (and yes scrap iron quintupled in price in just 1 year a few years ago), and still come out way ahead. But he wasn't stashing money.</p><p><br /></p><p>You see, and this has been explained already, the problem with your idea is that silver and gold cannot be used as money because the price of silver and gold is not fixed, it fluctuates minute by minute. The only reason silver and gold used to work as money was because the price was fixed. </p><p><br /></p><p>There is nothing on this planet that can be used as money, except what we do use, because the price of everything fluctuates. So the money would have no set value, and money must have a set value to function as money.</p><p><br /></p><p>So what you are describing as "real money" is a myth, something that cannot be. At least not unless you can get every country, every person on the planet, to agree to use a certain material or mineral as money and carve the value of that material or mineral in stone and leave it unchanged.</p><p><br /></p><p>Money is an idea, nothing more. That's all it ever has been and all it ever will be. That's all it ever CAN be.</p><p><br /></p><p>What you want is not money. What you want is a store of value that is guaranteed to do nothing but increase in value. And there is no such thing, for everything can go up, or down, in value.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1434322, member: 112"]Small problem with that, you don't know that it will be valuable 50-100 years from now, regardless of what it is. All you do is guess and hope. Again, a small problem. The guy was not stashing "money", he was stashing silver. And what we are talking about is money. He could have stashed gem stones, or aluminum, or copper, or scrap iron for that matter (and yes scrap iron quintupled in price in just 1 year a few years ago), and still come out way ahead. But he wasn't stashing money. You see, and this has been explained already, the problem with your idea is that silver and gold cannot be used as money because the price of silver and gold is not fixed, it fluctuates minute by minute. The only reason silver and gold used to work as money was because the price was fixed. There is nothing on this planet that can be used as money, except what we do use, because the price of everything fluctuates. So the money would have no set value, and money must have a set value to function as money. So what you are describing as "real money" is a myth, something that cannot be. At least not unless you can get every country, every person on the planet, to agree to use a certain material or mineral as money and carve the value of that material or mineral in stone and leave it unchanged. Money is an idea, nothing more. That's all it ever has been and all it ever will be. That's all it ever CAN be. What you want is not money. What you want is a store of value that is guaranteed to do nothing but increase in value. And there is no such thing, for everything can go up, or down, in value.[/QUOTE]
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What if silver was put back into circulation?
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