That is something we can definitely agree on. A paper note has intrinsic value of a small fraction of a penny. A silver coin has value of something like $17 per ounce in the world market, which I think is mostly based on its intrinsic value as a metal for jewelry and for industrial uses. I don’t know of many, if any, countries that use silver as a unit of exchange. Some part of that value may be due to residual psychological impact of silver’s use as a coin metal. In other words, if people think that in hard times, silver will be needed to buy things, then it may raise its value over and above what its actual value is. But with that caveat, we agree.
You worded that much better than I did. Thanks!