Quote from: OROBTC on January 20, 2017, 07:41:27 AM

Quote from: r0ach on January 20, 2017, 04:49:03 AM

Quote from: STT on January 19, 2017, 03:32:34 PM

Gold I accept but silver is industrial and varies more over time and has less advantage over bitcoin and its own variance.

I wrote an entire page for why I consider your statement wrong, that "only gold" is money:

The r0ach report vol 8: The real fundamentals involving gold, silver, and copper as money

http://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-8-the-real-fundamentals-involving-gold-silver-and-copper-as-money

A blogger I know knows various people from E Europe (Romania and Yugoslavia). At least two of these guys went through hyperinflation in the 1990s (or so). Neither reported that silver (or even gold) was accepted as currency.

US dollars and German marks only

Obviously, this is mainly because people had relatively easy access to hard currencies like the US dollar and German mark. It goes without saying that fiat currencies are more liquid form of money and handy for everyday expenses that gold. But what if there are no more such stable currencies altogether, and all currencies turn to trash more or less simultaneously? I'm inclined to think that gold in the form of gold bars and gold specie will still be used for the purchases of expensive and durable goods like homes or cars...

In fact, at the most severe moments of the Leningrad Blockade a gold ring could buy you a loaf of bread when nothing else would