See 5. There has to be a gold to silver peg. Gold for big purchases (cars, houses), silver for every day use.
Thanks. There is a sort of peg. Silver has always been a toxic proxy for gold. It goes up quicker and goes down even more quickly.
But yes, I can see that separation of uses.
Ironically silver has a massive industrial use compared to gold and also rots away.
Bi-Metallism rests on the fallacy that there can be a permanent, fixed relationship between the price of two commodities. The goods have different supply and demand curves.
It’s not possible.
Gold is sufficient as it is divisible and recombinable to a single atom in size. No worry making ‘change’.
The status of silver and how to use it was a giant debate in US politics in the late 1800s. As you suggest, they demanded it have rules to prevent it from debasing the dollar.