There is another refinement that may be underway, and that is the default to one standard, gold rather than silver as the default currency in preparation for the inflation that is to come.
Gold is easier to store, weighs much less / $, takes up less space, more universally has been a currency, doesn't tarnish, is easier to ship, etc.
Silver may be relegated to the commodities pile, with gold in the currency pile. China for example is classifying gold as a monetary asset.
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Interesting article.
May 04 17:01 pm
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All Comments by tallguy »Gold / Silver Ratio at Code Yellow [View article]
There is another refinement that may be underway, and that is the default to one standard, gold rather than silver as the default currency in preparation for the inflation that is to come.
Gold is easier to store, weighs much less / $, takes up less space, more universally has been a currency, doesn't tarnish, is easier to ship, etc.
Silver may be relegated to the commodities pile, with gold in the currency pile. China for example is classifying gold as a monetary asset.