The 1% don't hate gold and silver, they own it.
They hate gold/silver for the people in support of the peoples’ currency. For the 1% it is OK.
Mike
The people are free to get their own gold and pay for things with it, or put it on deposit.
No one is stopping them from using gold. Who is supposed to pay for gold so people can have currency backed by it?
While I don’t have a dog in this fight as too poor to care….if I understand the issue properly, gold and silver is the money. The “currency” you speak of is simply a claim on the gold and silver. If that “currency” goes bad, it is dead. But gold and silver will still be there and valuable. Every paper currency in the history of the world has become worthless.
Mike
Countries go bad and become worthless. All related contracts become junk. Nothing in the country has value because nothing is safe. Otherwise valuable commodities, gold, silver, are a liability, endangering their owners to murder and kidnapping, if anyone knows about it.