Replying to Avatar a source familiar with the matter

For physical gold between 1mg and 0.5g I think the goldback is clearly the best (only?) option.

It's unclear to me whether silver can make a monetary comeback if it enjoys a free-market exchange rate to gold & we end fiat & fractional banking. If it does, that would reduce the need for minimal fractions of gold.

I think the 1/20 tz Goldback doesn't make much sense given that 1/10 tz coins & 1g combi-bar are available at such lower premiums. Do you imagine goldbacks circulating alongside higher-weight coinage? Or Goldback only?

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captain ☦️ 2y ago

Why wouldn't silver make a comeback?

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a source familiar with the matter 2y ago

Monetary competition pushes towards a single unit (which enjoys monetary premium).

Silver's role as the mechanism for small payments is jeopardized by goldbacks & digital transfers of gold.

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