Will gold and silver coins return as currency?

[paxmao]

I think we have to differentiate between two aspects here:

1.) Will we go back to a system like Bretton Woods, i.e. a system in which currencies are tied to gold?
I don't think so, since I believe that governments would currently not be able to agree on such a big step, although it would arguably give us more stability. Moreover, the system, if not designed properly, could fail just like Bretton Woods, in which the US, during the Nixon shock, could not guarantee any longer that it would exchange USD for gold.

2.) Will we use gold and silver coins as currency?
Absolutely not! As has already been argued by several other users here the tendency goes towards abolishing the use of paper money and coins at all. The only situation in which we could see a return of precious metals as currency would be during a severe economic shock like a war or hyperinflation.

Or.... you ignore governments and their monolithic authority and use silver and gold backed tokens/coins. The good think about gold is that you don't need a central bank, because the value does not need backup.

[paxmao]

Even large denomination notes are currently being suggested or discussed to be phased out by the UK, USA and EURO because they're favored by drug dealers/criminals and counterfeiters:

Absolutely, that issue was present since they made 500 euro notes. I've never seen one, nor I will ever need it. However, I can think of use cases indeed.

[Mc_Moneysack]

Or.... you ignore governments and their monolithic authority and use silver and gold backed tokens/coins. The good think about gold is that you don't need a central bank, because the value does not need backup.

I think what creates stability for fiat will do the same for cryptos. So if you back cryptos with gold this would create an obvious intrinsic value and make it more stable.

[steve_rogers]

Gold and Silver coins couldn't provide current money flow in the world, it will just stop economic and its growth (which will lead to ruining almost every business spheres). I don't see any reasons if its use in modern world. They are totally archaic.

[btcprospecter]

It is possible to use gold or other precious metals but it isn't very practical. Like any mode of trade you can use anything aslong as both parties are happy with the trade.
Once again it comes back to a store of value.

[First77]

Gold and Silver coins couldn't provide current money flow in the world, it will just stop economic and its growth (which will lead to ruining almost every business spheres). I don't see any reasons if its use in modern world. They are totally archaic.

A cruise missile has 16 Kgs silver which gets destroyed when the missile is fired. For gold and Silver to be used as currency, Gold will be $5000/ounce and Silver $600/ounce because all their limited supply as compared to world economy. USA is $18,000,000,000,000/year economy.

World economy is around $150,000,000,000,000/year.

[paxmao]

Gold and Silver coins couldn't provide current money flow in the world, it will just stop economic and its growth (which will lead to ruining almost every business spheres). I don't see any reasons if its use in modern world. They are totally archaic.

nope and nope also. If you make gold and silver move as crypto they can provide a huge trade base. The reason to use these is very clear: Governments mismanage the fiat coins at their will serving interests that are alien to the people.

[mrsbee]

In the past history they are using gold and silver coins to buy something,why should we go back in the currency that the world can provide advance  and state of the art currency like bitcoin or crypto currency?

[steve_rogers]

Gold and Silver coins couldn't provide current money flow in the world, it will just stop economic and its growth (which will lead to ruining almost every business spheres). I don't see any reasons if its use in modern world. They are totally archaic.

nope and nope also. If you make gold and silver move as crypto they can provide a huge trade base. The reason to use these is very clear: Governments mismanage the fiat coins at their will serving interests that are alien to the people.

You are talking about crypto supported by gold/silver, it is not the same thing.
Sure if crypto-currencies will be supported by real gold,silver, etc., it will just increase the public´s trust which will lead to globalization of crypto usage in entire world. In this case it makes sense, but to trade with real silver coins in your pocket is ridiculous!

[crwth]

If this is happening or going to happen worldwide, this could actually be exciting. Especially for those countries with gold and silver resources, it would be an advantage for them. Once gold and silver coins make a comeback, I hope everyone is prepared for it (if it happens)

[paxmao]

Gold and Silver coins couldn't provide current money flow in the world, it will just stop economic and its growth (which will lead to ruining almost every business spheres). I don't see any reasons if its use in modern world. They are totally archaic.

nope and nope also. If you make gold and silver move as crypto they can provide a huge trade base. The reason to use these is very clear: Governments mismanage the fiat coins at their will serving interests that are alien to the people.

You are talking about crypto supported by gold/silver, it is not the same thing.
Sure if crypto-currencies will be supported by real gold,silver, etc., it will just increase the public´s trust which will lead to globalization of crypto usage in entire world. In this case it makes sense, but to trade with real silver coins in your pocket is ridiculous!

Yes, I am talking about 21st century technology because that is what we have now. You see, highways would serve little purpose if you insist on using horses.