/biz/ - Business & Finance

>>22042780
Except we live in the era of digital banking transactions. How do you think banks handle moving the cash they're required to keep on hand from one account to another? Do you actually think that they're sending couriers with 1.49 to Quick Mart's bank every time you buy a coke on the same day? Accounts are settled by seeing what the net changes are over weeks or even monthly, and then moving cash. And if you converted your bullion mass into a digital neo dollar account with banks moving ounces to mg of your metal to settle accounts at the end of the month, that's not as crazy as it sounds.

Lets say that silver was revalued at $4000/oz in terms of current buying power. 1 cent of buying power would be represented by 1/400,000 troy oz, which is 0.0777 mg of silver. Obviously this is a tiny sum. But it isn't outside the range of accuracy of extremely sensitive analytical balances, and even if it were, they could just round up a penny or so until it became manageable to measure again. They already want to just round pennies up to the nearest 5 cent increment anyway.

The real meme way to dole out microgram amounts of silver would be via dilute solutions of silver salts, but that's pretty stupid.