“The problem with holding on to cash is that it becomes worth less over time. So if you park your funds in a safe account, you may keep the same amount of dollars, but lose lots of value over time.
A few years back, you could buy silver for $12.00 per ounce. Today it’s $32.00 plus. That’s an indication that in a real sense, your dollar is worth that much less.”
How about “junk silver”?
That is, old silver dollars, halves, quarters, dimes (back from when coins were 90% silver)?
A friend has recommended this to me as better than gold, because if the paper currency collapses, junk silver coins will be easily redeemable for paper cash, or “barter-able” for goods and services….
um...
Yes, I'd take Barter in that case.
Any silver is good. I think it’s better to have coins or something folks can judge better than say 2.75 ozs of something that may be a varying percentage of silver.
1, 10, 50, 100, 1000 oz coins, bars, ingots can be good. I’m just not sure how easy it will be to convert or cash in.
If you have a receipt, it will make it easier to cash in.
Some folks like the old coins, because they think it will be a lot easier to use in time of trouble. I don’t disagree with that.
It is important for folks to know that the precious metals are being counterfeited these days. Be sure to buy from a credible place, no matter what you’re buying.
One thing to remember in all this, if you’re planning for a high stakes melt-down situation, is that you’re going to make yourself a target, if you go flashing coin to make purchases.
I think it’s very important to put in supplies before things go south. General purchases aren’t going to be easy, if you have precious metals or not.
Growing grapes, making wine, cultivating crops, trading things, I think that has some credence to it also.
Again, food for thought.
Take care.