Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category

overtheedge
Member since May 2012
680 commentaries - 6 followers

6 followers

has posted a comment on the article :

Silver Price Forecast: Why Central Banks Will Buy Silver - Hubert Moolman -

Central Banks might very well begin purchasing silver.
But it won't be for the purpose of re-monetization.
History is replete with examples of what happens with bi-metallism whether it is limited to one country or between the several trading countries.
However there is an excellent reason to re-coin silver.
Token coinage is always a necessity and silver gives the tokens a measure of credibility.
Silver meets the requirements of token coinage quite admirably due to its industrial value.
Canada already coins larger denomination silver coins, albeit not for general circulation.
None the less, they are legal tender.
The key is to denominate the token coin much higher than the metal content's market value.

Commented 3185 days ago

Send

Beginning of the headline :Money is a store of value (or wealth), a medium of exchange as well as a unit of account. In order for money to be effective in the above it has to have the following properties: divisible – should be divisible in smaller units portable – able to carry it around therefore a high value should be able to be contained in a small space and weight homogenous – one unit should be the same as any another unit durable – should not be able to be easily destroyed or eroded valuable – should have intrinsic... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis