Silver is about $14.50/oz right now.
Some junk silver or peace cartwheels would be cheap insurance. At least silver can be used to buy or barter.
Could somebody explain how gold would be used to buy necessities? No comparisons with 1923 Germany; IIRC Germans with gold exchanged it for hard currencies like Swiss francs which they then spent in Germany, thus making things worse for the mark.
Junk Silver US coins look to me to be about the worst possible way to buy silver. Almost very place I look that is a “reputable” broker Junk Silver carries a 30% mark-up to spot where 1 oz bars are 4% and Maple Leaves are about 15% or so.
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First, precious metals are purchased as an insurance against loosing other parts of your portfolio. Gold is not an investment although some invest in gold, they buy and sell almost every day.
Gold is hard to trade except in small amounts. Gold has never not had value. It is likely to always have value. Cash some day may not have value. Stocks may some day not have value. CD’s may easily some day have little or no value but, even though the value of gold fluctuates it will always have value.
I personally like junk silver better than gold. I store some gold because you can get a lot of value in a small package, but, if you ever have to “spend” your precious metals, old dimes and quarters will be easy to “barter” with. They may not be much better than ammo but much more portable. In a bug out situation portability is essential.
Barter for what? Serious question. If things get bad, why would I want to trade with you for metal? I'll want to trade and barter for things I can actually use and need. Metal won't be one of things when store shelves are empty.
Well, gold is not very liquid as a currency, but it can be bartered for something that is....nor is silver for that matter.
If SHTF day comes, the currency will not be dollars, it will be things that you would never expect..