Comment: Gold backs itself. So does silver. They stand independently.

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SteveMT's picture

Gold backs itself. So does silver. They stand independently.

The value is in the coin itself. It doesn't matter what country's mint marks are on it. Gold and silver are stand alone currencies. You need no hope or trust like fiat currency. If you possess the coin, you also possess the value inherit in the energy required to mine, purify, and form this coin.

Value is objective when it come to gold and silver.