Why Silver, and not Gold or Some Other Commodity? PDF Print E-mail

Throughout all of human history, gold and silver have best proven themselves as monetary commodities. They are durable, compact, easy to transport, easy to divide into fixed units for counting, and of a nature that can easily be recognized as genuine and equivalent to other items. While gold is more commonly used as money in international trade, it is overbought and more difficult to acquire than silver. As AgScrip is intended to be used for small local transactions, silver is a more appropriate commodity backing than gold. Since silver is easier to obtain, it is gaining popularity in America as a form of real money.