Money needs to be stable. In order to be stable, it needs to meet these 7 characteristics.
(1) It must be durable, which is why we don’t use wheat or corn, or rice.
(2) It must be divisible, which is why we don’t use art work.
(3) It must be convenient, which is why we don’t use lead or copper.
(4) It must be consistent, which is why we don’t use real estate.
(5) It must possess value in itself, which is why we don’t use paper.
(6) It must be limited in the quantity that is available, which is why we don’t use aluminum or iron.
(7) It should have a long history of acceptance, which is why we don’t use molybdenum or rhodium.
Only GOLD and SILVER fit all seven characteristics.
EVERYTHING else is inferior which makes them credit. They are essentially Gold substitutes.
If you had a race to see who was the fastest man in the world there can only be one winner and ONLY ONE person can hold the label of the fastest man in the world. It doesn't mean that the rest are slow it just means that they are not the fastest.
Value is ultimately determined by the person holding the money. "He who has the Gold makes the rules."
I’ve made this point on a number of other threats. Gold and silver are great if you have a lot of wealth to preserve. However, they shouldn’t be the first or only step one takes. For those without a ton of money to purchase bullion, you can still take steps. Purchases food rations and a water filter, a stove or a generator, propane or fuel, firearms, tools, etc. If the lights go out you’re first priorities will be to heat your home and eat. After that you will need to be resourceful, and tools are a great help.
Gold and silver are largely reserves and derive their value from the demand for reserves bc other needs are more than met.