Australia - You Should Be Outraged! - Mike Maloney On Raised Debt Ceiling

With the ease of modern era electronic commerce in any currency between individuals globally, I can't help but think that instead of gold and silver being massively dominant, a sound(er) basket currency backed by numerous precious metals and/or commodities will be created so gold and silver prices won't peak at comparatively very high levels. Bitcoin is not even backed by anything and has still seen some success for example