silver and gold are representations of wealth that cannot be easily diluted or forged.
throughout history, gold would be about 40-50 silver (ounces here). today, it’s about 75 silver per gold... very high.
when the shtf, all paper currency will be worthless. commodity assets like fruits, meats, grains will have value. as will medicines and modern products like cigarettes, generators, etc. as production is no longer within the US, scarcity will make the value of most goods skyrocket.
the fact that people are planning for such a contingency is thanks to the left. remember that the next time you run into a liberal or see 0failure on the tv
Imagine you were going to keep junk silver dimes and 0.1 ounce gold coins [I see individual one-ounce gold coins at $1,000 as far less spendable than the already expensive 0.1 ounce coins].
Spot price on the gold is currently about $105 to $110, and on the silver is about $1.05 to $1.10.
Essentially, that means you’re holding metal with the value of dollars and hundreds.
Any thoughts on what ratio of the two someone should hold?
Great argument for a remote hidey-hole and lots of ammo.
“silver and gold are representations of wealth that cannot be easily diluted or forged.”
That reminds me of a device that a PM dealer showed me recently. It’s a method to verify the authticity of your PMs (Au, Ag, Pt, palladium). It uses conductivity to determine the composition of a coin or bar. Most coins are alloys, so they usually contain a little copper to make them harder. The conductivity of each coin is specific so you can determine whether you have a krugerrand, maple leaf, or gold plated copper or tungsten fake.
When/if SHTF, fakes will abound and this device will be invaluable.