What Constitutes silver as money and what 7 properties does possess ?It must be ...1.Fungible, 2.diversible, 3.medium of exchange, 4.intrinsic value. 5.Divisible, 6.durable, 7. store of value. Plus has a history being used as money goes back thousands of years. as money, silver has been used in trade and barter situations for centurys , it states in our own constitution article 1 section 10 cause 1, no state shall coin money ,emit bills of credit, make anything buy gold and silver coin a tender in payment of debt, that and gold only be used as money, legal tender for public and private debts . It also has retail demand as in jewlery and industrial demand as in electonics , solar power, medicine and clothing . Silver is more rare then gold, it's being used up faster then it's comming of the ground and hitting landfills to never be recycled, there is only 5% of in ground and above supply left and they say at this rate silver wil...
Comments
Post a Comment