subject: Nine Proofs that Paper is Never the Money Silver and Gold Coins are the Money by:John S White [print this page] 1. Paper is never the money:it is not durable it will fall apart after being circulated awhile, it will even fall apart just from age: Silver and Gold coin are durable.
2. Paper is never the money:it is not divisible try spending a half of a paper note. Silver and Gold can be is divisible into parts with that part having a value independent of the other parts.
3. Paper is never the money:it is not portable meaning will it be accepted everywhere you take it around the world. Silver and Gold is universally accepted.
4. Paper is never the money:it is not scarce it can be produced at will. Silver and Gold must be found then processed and it is only so much of it.
5. Paper is never the money: it is not fungible one country's paper dollar is not the same as another country's paper dollar. Silver is silver and Gold is gold no matter where it comes from on the earth.
6. Paper is never the money: it is not private it is seen when in accounts. Silver and gold is not on anybody's book just in the possession of the holder of the silver and gold
7. Paper is never the money: it is a promissory note. To be paid in Silver and Gold is paid in full.
8. Paper is never the money: it holds germs. Silver and Gold are antibacterial.
9. Paper is never the money: it does not hold its value. Silver holds its value an ounce is an ounce today and will be an ounce tomorrow.
