A gram is sooooo tiny!
Currently a gram of silver is worth about $0.73 but that changes with the times. What is a gram of silver REALLY worth? What will it we worth someday? Is this the unit of measurement we will use to utilize trade?
Using coins that are smaller than a dime, having the spending power of a US dollar, is an amazing thought. We're almost 75% of the way there already!
The premium on these tiny silver coins makes trading with them very impractical. One gram bars and rounds go for $3 - $6 even though they only contain about $0.75 of silver.
The "Silver Eagle" round is 1/10th troy ounce, making it 3.1 grams weight, making it worth over $2.20 in silver bullion.
When it comes to gold, 1/10th ozt rounds and bars are common, but in silver, such tiny 1/10th ozt bars and rounds are often overlooked.
I envision a future where silver is so valuable that 1 ozt bars and rounds would be impractical, or you could fill SEVERAL shopping carts full of groceries for a 1 ozt bar and get a number of small rounds back as "change".
This may happen on two conditions: silver corrects and retailers accept. And it's legalized... which such trades should NEVER made illegal as gold/silver trade (money) is written into the very founding document of the United States of America.
Can you see this happening someday?
@lturner. Father of SIX wonderful children. The guy behind the camera. Blockchain enthusiast.
Bless the Most High!
We encourage parents to teach their children principles of Godliness, beginning with the Word and an understanding who God is and what His Son has done to form a relationship with us.
No one can lay a foundation other than the one already laid, which is Jesus Christ. If anyone builds on this foundation using gold, silver, precious stones, wood, hay, or straw, his workmanship will be evident, because the Day will bring it to light. It will be revealed with fire, and the fire will prove the quality of each man’s work. 1 Corinthians 3:11-13
Second to this is the principle of self-determination and freedom, lest we loose the ability to teach our children the first principle in future generations.
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