Comment: Gold and Silver as Money

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Gold and Silver as Money

Gold and Silver are great for storing wealth. However, I would suggest that their appeal for being themselves used for exchanging wealth went away a long time ago. Having a piece of paper saying you have an ounce of gold/silver in a vault is no more safe than having a FED note. Unless you can enroll others to accept payment in gold or silver (physical coin made of such), they are useless as money.
The point I'm trying to make is to consider utility / convenience / acceptance among piers.
Bitcoin is a means of facilitating the exchange of wealth. It has great utility and potential for utmost convenience (save and accept the personal responsibility associated with it). Same cannot be said for gold / silver. If it was, it would still be used today as money. Truth is, gold and silver are used as a store of wealth. Not generally for exchange.