>>719942976
>>719947457
>BRO, there's no use to these metals!
Gold is the only "precious metal" primarily not used in industry, and it's instead used as a reserve currency. The USA keeps 300 million ounces of it at any time for this purpose, so it could be said to be useless. It's not even used as the primary way of backing our currency anymore, instead left as a strategic reserve.
Silver and platinum both have declining stockpiles and have been at a deficit for years because they're used in pretty much any technology, platinum in cars and silver in any kind of advanced electronics at all. They already have their uses and are used 90% as an industrial metal. They literally cannot mine them fast enough because of how useful they are.
>>719947787
>Locally produced valuable metals and diamonds
No, the governments will just issue fiat currency like they already do now, and back it up with government / economic power, and then you'll make your transactions with internet tokens that represent that currency - like we also already do now when you move money in your bank account and the 1 on the screen represents a 1 dollar bank note from the US treasury.
Is it just 12 year olds making all of these retarded comments or something? Why does this topic confuse so many people, no countries in the world even back their currency with gold anymore.