Can you spend gold or silver? Try taking one of your coins and go to the market and pay your bill. All gold or Silver can do is convert back to paper at the current price the worth. If the dollar fails, so do gold and silver. Do I read this right?
“Can you spend gold or silver? “
Sure, in Idaho, you can pay your taxes with it, and now in Utah you can legally use Gold and Silver Eagles as tender as long as the two parties agree to do so. Besides, there are lots of people who prefer to deal in silver (I haven’t seen any in gold). In my area there are lots of people who will provide goods and services in exchange for silver. Check for craigslist, under barter. Also, there are “alternative market” websites, where you can look up stores and businesses that take silver. (There are several, again, in my area, I dunno about yours).
So the plain answer is “YES!” and more everyday.
“If the dollar fails, so do gold and silver. Do I read this right?”
No, you don’t tread it right. The dollar can fall to nothing, but PMs will continue to have value.