Well, not quite. Some scholars gathered in the newly independent United States, knowing human nature as well as the excesses a government gone wild will take, made gold and silver money for the country. The Savior has given his seal of approval of the Constitution. I'll take that endorsement over your perspective.Durzan wrote: ↑June 9th, 2017, 3:55 pm Gold and silver aren't really that much better than fiat currency. Really the only difference is that you would be putting your faith in a worthless piece of metal vs a worthless piece of paper. The only things silver and gold are actually good for is conducting electricity and possibly preventing rust, but other than that, there is just as much fiat in gold-backed currencies as there is in paper currencies.
Do you care to defend this statement of yours: The only things silver and gold are actually good for is conducting electricity and possibly preventing rust, but other than that, there is just as much fiat in gold-backed currencies as there is in paper currencies.
1. Silver and gold have wealth storage capabilities which have never gone to zero. Can't say the same for fiat paper money.
2. Silver has anti-bacterial properties.
3. Tell us about the gold-backed currencies of which you speak.