Re:The Longest Record Broken: Gold/Silver Ratio Hits Highest...
by Cthulhu_ on Wednesday March 18, 2020 @07:54AM
(#22615574)
One could bet on people not being aware of that after the economy collapses. It's going to go back to bartering then, and initially the value of gold and silver will be pretty much random.
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Re:The Longest Record Broken: Gold/Silver Ratio Hits Highest...
by tsimionescu on Wednesday March 18, 2020 @07:58AM
(#22615596)
If I understand correctly, bartering had never been a major mode of trade, even going back to tribal societies.
That said, silver could become a medium of exchange again, for the same reason it had always been.
Re:The Longest Record Broken: Gold/Silver Ratio Hits Highest...
by lawn on Wednesday March 18, 2020 @08:10AM
(#22615691)
The problem with silver is the much larger supply compared to gold and the market cap is comparatively tiny (even less than the cryptocurrency market!). It's if course possible, but I find it quite unlikely.