Im just thinking out loud here, but the bulk of backing an economy with silver and gold is backing off the commodity value. Adding other commodities artificially grows the economy when you dont have more silver and gold. Sure they might turn to other metals. Like copper. But eventually every natural resource a country has becomes a comodity that backs the currency.
Im just thinking out loud here, but the bulk of backing an economy with silver and gold is backing off the commodity value. Adding other commodities artificially grows the economy when you dont have more silver and gold. Sure they might turn to other metals. Like copper. But eventually every natural resource a country has becomes a comodity that backs the currency.