Silver is fine at the 1 or 10 oz level. Gold can be bought in 1/10 oz or even 5 or 1 gram bars.
Marin Armstrong, FWIW, is recommending old silver coins, beans and pasta.
Cut coins are a thing.Ok so lets say the SHTF and your trying to buy a case of tomato soup but all you have is a 1 oz gold eagle. How do you make change??
When the SHTF, small denominations will be far more useful and trade more easily that a full 1 oz coin or bar. The same with silver. you will likely be able to negotiate better if youhave a couple rolls of mercury dimes than a roll of silver eagles..
If things are THAT bad, you want liquor miniatures and 200l bottles, and also cigarettesOk so lets say the SHTF and your trying to buy a case of tomato soup but all you have is a 1 oz gold eagle. How do you make change??
When the SHTF, small denominations will be far more useful and trade more easily that a full 1 oz coin or bar. The same with silver. you will likely be able to negotiate better if youhave a couple rolls of mercury dimes than a roll of silver eagles..
There will be 2 economies, when fiat currency has run its course. Of course, there will be the barter community as you pointed out. but there also needs to be a basis of establishing value.I’m not the sharpest knife in the drawer but can’t figure out why people value precious metals for when the shtf. Who are they going to trade with and what for? A box of ammo will be worth a bar of gold in my opinion. You can’t hunt and put food on the table with a handful of silver coins. Food store shelves will be empty. The pandemic gave us an idea of what it will be.
Those firms are worthless in a SHTF scenario, as you pointed out.Correct me if I am wrong, and I am many times. When you invest with gold on these brokerage firms, they take your money, hold the gold in the save vault it has always been in and issue you like a stock receipt for your gold bar purchase. Is this correct? If so, if a SHTF moment happened, I doubt many people are going to be worried about the security of that vault and your gold will be in a place you can't reach it, to use it.
Always pay cash for your gold.What was the estimate compliance rate with EO 6102 in 1933 that prohibited US ownership or trade in gold? I really don't remember seeing any sort of estimation on how many folks actually complied with that. I'm pretty sure it would be very low if it happened today.
gold and silver will have carry over value to the next economy that emerges. It is a value holder for stable times.I’m not the sharpest knife in the drawer but can’t figure out why people value precious metals for when the shtf. Who are they going to trade with and what for? A box of ammo will be worth a bar of gold in my opinion. You can’t hunt and put food on the table with a handful of silver coins. Food store shelves will be empty. The pandemic gave us an idea of what it will be.
When you have stuff, you’re vulnerable
When you care about someone, you’re more vulnerable
PMs will always have value. How much and to whom will be the question.