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<p>[QUOTE=&quot;InfleXion, post: 1248545, member: 29012&quot;]I can see your point, but I am going to have to respectfully disagree. I don&#039;t believe that intrinsic value is determined by the state. I believe it is determined by the people who are willing to place value on it, AKA the market which always inevitably seeks fair value regardless of the laws that impact it or even the manipulation we are seeing today. There isn&#039;t enough silver around for it to be used as a representation of how much money there is in existence today, but just because the government doesn&#039;t declare it as money doesn&#039;t mean there aren&#039;t enough people willing to use it as such.&nbsp; </p><p><br /></p><p>Silver has been used as money throughout history in Rome, China, the US, and probably others for a reason. Understanding these reasons is what makes it good for such a purpose. Government declaring it as money is not a reason, it is a logical outcome based on those reasons, mainly being fungible, everlasting, and unable to be created out of thin air. </p><p><br /></p><p>I would also add that silver had it&#039;s monetary value long before the US passed the laws you refer to, let alone was in existence. Judas sold Jesus out for 30 shekels. I think you are putting the cart before the horse with your line of thinking. There have been times in history where silver was worth more than gold in Egypt. I&#039;m not saying that&#039;s what it should be, or even that 15:1 is a perfect ratio, but that is determined by the people willing to pay for it, not the government (in a free market).[/QUOTE]</p><p><br /></p>

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