Store of value and medium of exchange are two different functions.
Today, gold is still the store of value, and there is no replacement.
Silver, its transaction currency function has been replaced by paper or digital currencies.
yes, history rhymes. We will not see silver restored back into the monetary/banking system.
Germany wants gold collateral: The German scheme -- known as the European Redemption Pact -- offers a form of "Eurobonds Lite",,, demanded each state would have to pledge 20pc of their debt as collateral. "The assets could be taken from the country’s currency and gold reserves. The collateral nominated would only be used in the event that a country does not meet its payment obligations,"
