ok so the technology not there yet. But you need to read the fine print of silver backed etf around minimum physical redemption. Not that easy to just ask for a single 1oz coin back in exchange for fiat. But if a sovereign govt minted silver rounds with blockchain proof of work somehow attached then it would work. Ie confidence in the assay and traceability. And being silver 1oz can be quoted in usd. Just a far out concept. In the meantime the physical etf from sprott is great.
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