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Dumb question: I am amassing a lot of silver but the point that I've found little discussion on is what to do in the hope that the SHTF. This country has gone through periodic depressions, the most recent being in 1929. I lost a lot of money in the dot.com stock market bubble in 2001 & with the market at all time highs & a loose cannon running the country I have to agree with the numerous sources that are predicting an economic collapse at any time. So what do I do other than wait to see what develops? Just be content with having a very heavy investment?
If STHF, what are you doing with piddily little dimes? Nobody is going to want that. Remember that in emergencies FOOD and WATER are the number one priorities, not metals.
For me, personally, my bullion is a pure commodity and I transform it into other shapes if I need to, so I'm not sitting on an investment but on raw material. If you're so worried about SHTF then forget about silver; start stacking canned food and water containers. Now, say that you had all of that food stashed away for an emergency: are you actually going to start trading your food source for silver dimes? C'mon now, that's silly.
Quote: I still have not gotten a response to my earlier post asking what the value of a dime was both before and after October 1929. Even in just a barter situation, silver that is recognizable as real money (
Roosevelt dimes & Liberty quarters) will still be worth a tank of gas or a loaf of bread.
Well if that's the case, are you forgetting that silver was still in circulation at that point? And what happened a few years later? Gold was pulled out of circulation. To rehash an old talking point: what kid is going to know the difference between a silver coin and clad coin? The debased coin usurped the silver generations ago using the same coin design.
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Posted 10/18/2019 11:39 am
