Would it be wise to invest into silver even though one might not have much to invest with? Thanks in advance.
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Gold is not a good basis for a currency. 1. It has very little practical use and so does not reflect actual wealth of a society, 2.its ownership is narrowly distributed amongst the already rich and powerful, it is a very limited supply and so vulnerable to monopolization and price manipulation.
Our currency is best backed by wheat, which remedies all the above.