Commodity backed currency should be used. However, we cannot forget that international gold hoarders crashed our markets and currency whenever they flooded the market. They then used these artificial crashes until our government caved to the central bankers. With the knowledge of this history, a currency should be backed with a broad ‘bundle’ of commodities (ex. gold, silver, oil, wheat, etc) so that no one commodity manipulation can allow our currency to be manipulated by international power players.
Commodity backed currency should be used. However, we cannot forget that international gold hoarders crashed our markets and currency whenever they flooded the market. They then used these artificial crashes until our government caved to the central bankers. With the knowledge of this history, a currency should be backed with a broad ‘bundle’ of commodities (ex. gold, silver, oil, wheat, etc) so that no one commodity manipulation can allow our currency to be manipulated by international power players.
My father invests a ton into silver. I guess the price of silver is either down or at actual price because gold is inflated so much? I’m a novice.