I like Sinclair, but he underestimates silver. As Milton Friedman once wrote, "The predominant monetary history of the world is that of silver, not gold." Silver is money in over 55 languages. Silver is a monetary asset first, industrial metal second. David Morgan, Jim Puplava, Jeff Christian, and Jim Dines all agree on this point.

Also, the idea that silver's current value relative to its weight makes it inappropriate to be used as money ignores the fact that it's more scarce above ground, has more uses than gold, and should be valued substantially higher. In a dynamic market, where the "restless metal" silver oneday outpaces gold, this will change.