I wonder why silver fell out of favor as a global precious metal. Gold was good backup but historically, Britain, India, Rome, etc. All used coins of silver
I wonder why silver fell out of favor as a global precious metal. Gold was good backup but historically, Britain, India, Rome, etc. All used coins of silver
Same reason why gold "fell out of favor" for decades IMO. As main competitor to the fiat system dominated by the western central banking cartel, it became victim of some sort of whac-a-mole game; when people switch to PMs in order to escape fiat related issues, in order to preserve wealth, PMs prices get smashed by the cartel through "paper PMs" market and outright fraud such as in the case of repeat-libor-scandals. It's about incentives in the end; no matter how bad the fiat system gets, just make sure alternatives are no better. Cleanest-shirt-in-the-dirty-laundry-basket game.
Same reason why gold "fell out of favor" for decades IMO. As main competitor to the fiat system dominated by the western central banking cartel, it became victim of some sort of whac-a-mole game; when people switch to PMs in order to escape fiat related issues, in order to preserve wealth, PMs prices get smashed by the cartel through "paper PMs" market and outright fraud such as in the case of repeat-libor-scandals. It's about incentives in the end; no matter how bad the fiat system gets, just make sure alternatives are no better. Cleanest-shirt-in-the-dirty-laundry-basket game.
(post is archived)