Gold and Silver remain TRUE monetary assets !!!
However, the physical market seems becoming tighter ..... Precious physical metal becomes rare and China, India and Russia are huge purchasers ..... Is a shortage coming ?? I THINK SO
However, Gold is not absolutly necessary to build a sustainable financial system ..... If money must be a reserve of value, a currency must a only a GUARANTEE !!!!
so, in some situations, i think diamonds could be used as money .... and any paper backed by something tangible can be used as a currency ..... (like the japanese fureai kippu)
Many companies should create Ad hoc currencies to cope with the dark future for our financial system ...... The crisis between the West and Russia currently show us that western countries are desperate to avoid finding a clear answer for theirs debt problems.
The financial power is gone in the East !!!!!!
The concept of "Outsourced Resources Banking" is the single answer to offer a sustainable and flexible financial system