Yes, exactly. OTOH, an unbacked fiat currency Federal Reserve Note dollar may not be worth a Continental in the future. That is, if it follows every other unbacked fiat currency in the history of mankind.
But an ounce of silver will still be an ounce of silver.
It's really handy and convenient to know you can instantly tune out and ignore anything said or written by anyone on finance as soon as you see the word "fiat."
I don't ever intend to do anything with it, I just like having it around.
Prospectors are my favorite. You never pay much of a premium on those.
L