Should the world go back to silver / gold standard?

[Donatello]

It is not possible on a global level. Heck even printed, physical ash is becoming fast obsolete. It is all about digital numbers. You send me some cash, no physical transfer takes place. Simply numbers change.

 

[alaungphaya]

Gold and silver is an old store value, soil is not. However, soil or land I should say is a great investment and it works for you if you capitalize it.

Are you really Japanese?

 

[MarkusS]

To be clear, if the universe is infinite, the of course silver and gold would also be infinite. But on Earth silver and gold are finite.

Its not when new methods of mining are intruduced. A single asteroid like Eros contains billions of tons of gold and platinum as well as silver. Many thousand times of the amount of gold we ever scratched out earth. Asteroid mining is a method already in the planning. What then?

 

[C130]

These days, money isn't paper anymore. It's just a number in a computer bank account, all thanks to invention of digital computer in the 1940s. Number is infinite. That makes money infinite. Money is measured in the billions, trillions these days. Soon, due to inflation, money be in the quadrillions, quintillions. Silver and gold are finite. That would make money finite rather than infinite.

maybe in a post-modern society
we'll be bartering again.
gold,silver,alcohol,tobacco,medicine,weapons, would trump worthless paper