[Carry_Okie]

Any store of value is worthless unless one can exchange it for other goods. That makes safe delivery and reliable brokering critical, especially because reliable exchange in physical goods is so costly. In times of chaos, physical risk increases that cost.

Hence, the next precious metal may be lead.

[Blennos]

Any store of value is worthless unless one can exchange it for other goods. That makes safe delivery and reliable brokering critical, especially because reliable exchange in physical goods is so costly. In times of chaos, physical risk increases that cost.

Good points. Getting spendable currency out of PMs is a pain and costly (the spread), but not impossible. For most of human history gold/silver were a direct exchange medium for goods. Now it requires an extra step or two.

[delta7]

Hence, the next precious metal may be lead.

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Maybe, but I don’t buy into Armageddon scenarios....they haven’t even occurred in Venezuela, or other far worse nations.

That said, a currency crisis, bank crisis, mortgage crisis, credit crisis....we have seen them all at one time or another and made it through. That doesn’t mean you shouldn’t plan, prep for a couple months of financial, supply chain disruptions,etc....but Mad Max is not coming to America.