I've seen a few sources that say that a silver standard would be better because it's more common, practical and accessible as a resource in various forms. In fact, it was talked about in The Money Masters, one of the best documentaries of our time.
You've gotta peg your currency to something, and silver is as old as the Bible. I'm no financial and economics expert, but from what I've seen, silver seems like the best-bet. I don't necessarily disagree with you though, as commodities do have their limitations and downsides.
Not to mention that silver is so manipulated its not even funny. The silver to gold ratio is like 73 to 1. I think in a real world it would be more like 5 to 1 as far as ounce value goes. Silver at 22 and change an ounce is a joke. It also means it's never too late to start acquiring. There's so many trillions of debt out there right now...not enough gold and silver to cover that debt and new currency without a revaluation.
I've seen a few sources that say that a silver standard would be better because it's more common, practical and accessible as a resource in various forms. In fact, it was talked about in The Money Masters, one of the best documentaries of our time.
https://odysee.com/@yellowgenius:0/Bill-Still---The-Money-Masters---Full-Documentary---1996:5
http://www.themoneymasters.com/monetary-reform-act/funding-president-elect-trumps-proposed-1t-infrastructure-plan/
But that just really leads to an overall commodities based system. Which includes oil. Which puts everyone right back where we were.
Unless everyone goes electric.
You've gotta peg your currency to something, and silver is as old as the Bible. I'm no financial and economics expert, but from what I've seen, silver seems like the best-bet. I don't necessarily disagree with you though, as commodities do have their limitations and downsides.
Not to mention that silver is so manipulated its not even funny. The silver to gold ratio is like 73 to 1. I think in a real world it would be more like 5 to 1 as far as ounce value goes. Silver at 22 and change an ounce is a joke. It also means it's never too late to start acquiring. There's so many trillions of debt out there right now...not enough gold and silver to cover that debt and new currency without a revaluation.
Agreed, Fren, I'll be adding to my stack again soon!