OK but if they actually have a piece of physical silver and gold for each money, then why not just let us trade in silver and gold? Why does Texas want possession of the physical gold and we get proxies? Something about putting eggs in one basket...
Also have you ever looked up how much gold and silver is actually in the world? There isn’t enough to make money out of it. The coins would be tiny. To have larger bills or coins represent it which can be redeemed would really be the only way. The price of gold and silver would most likely go extremely high when this happens.... In perspective it is said that there is only enough silver in the world for each person to have one silver dollar size coin. Gold is even less. The only reason silver and gold prices aren’t even more high then they are I believe is because the average person doesn’t care and will pay money for costume jewelry and such.... I think this is exciting and could be great.
OK but if they actually have a piece of physical silver and gold for each money, then why not just let us trade in silver and gold? Why does Texas want possession of the physical gold and we get proxies? Something about putting eggs in one basket...
Also have you ever looked up how much gold and silver is actually in the world? There isn’t enough to make money out of it. The coins would be tiny. To have larger bills or coins represent it which can be redeemed would really be the only way. The price of gold and silver would most likely go extremely high when this happens.... In perspective it is said that there is only enough silver in the world for each person to have one silver dollar size coin. Gold is even less. The only reason silver and gold prices aren’t even more high then they are I believe is because the average person doesn’t care and will pay money for costume jewelry and such.... I think this is exciting and could be great.