A wing and a prayer.
The future value of silver and gold is completely unknown. In a real SHTF situation, my guess is that the actual value will be next to nil. In the future? Could be a fortune, could be worthless. Much of the value of anything called “precious” lies more in irrational desire than in intrinsic worth. Just like art and antiques, they’re only ‘worth’ what someone is willing to pay for them, hence the daily variability/volatility of their price. Price does not equal value.
Now, if the “value” of precious metals rebounds after 5 or ten years then you made a good bet. But what if it takes a hundred years, or two hundred? In the SHTF scenario I said “goods of immediate value”. I don’t make life plans based on a centuries long timeline. That’s called wild-assed guessing.
I guess it all depends on one’s SHTF scenario.
It’s all just guessing. My SHTF planning starts with the assumption that there will be a civil war style disruption to society, and that disruption will last 2 or 3 years. Your SHTF planning might start with a different assumption, which will lead you to very different planning.
Am I wrong? Are you wrong? Are we both wrong? Nobody knows. We will find out when the SHTF, but not before. I can only wish you the best outcome.
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The market value of the silver is irrelevant to SHTF scenarios. The dollar is worthless. So there will be no meauring things in dollar amounts anymore. Soon, the dollar will no longer be the world’s reserve currency. Then it will collapse
Once the dollar is worthless – and that day is in fact rapidly approaching – the silver coin, e.g., junk silver, one and two ounce rounds or bars, ten ounce bars, etc., the various denomitations will be used to facilitate the transfer of good and services. The intrinsic value of the silver is beyond question. It has always been and will always be worth something, whereas the dollar has never been worth anything. People have wanted silver and other metals, fought for them, dug for them, killed for them, put them in safes fortified with heavily armed guards.
Metals of all kinds have intrinsic value. Even in its pure, raw state, it is worth something.
How to barter with someone for a box of .22LR when you have nothing the trader wants? Silver. Copper (though copper is not a precious metal, but a base metal). Platinum. Gold. Palladium. Or you can be in his debt. Your choice. Debt is not a good place to be. Especially when your debtor is a shark and will come looking for you with a blow torch, a gun, a knife and a twist of rope when you’re late with that payment.
Debt sucks. Stay free of all debt at all times.
Local communities may also opt to use some form of scrip, like the American Colonies did before the English took it away and forced the Pound on them, which ignited the Revolutionary War. They could come up with their own currency. Personally, i think they should start now. Start looking for alternatives to our debt notes and phonybills.
Scrip can be faked, however. Metals are real objects and proof of work. I’d choose metals.
It won’t hurt anything and won’t cost a lot to have yourself a couple bags of junk silver on hand.
You say you don’t know what the value of the silver will be in the future? Thats precisely why we have it.
The future is not ours to see.
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Not saying anybody’s wrong, just encouraging expanded thinking.
Probably, to a greater or lesser degree.
Absolutely agree.
My general rule of thumb is that when you hear people hyping something, telling you to buy, it’s usually because others want to sell so they can put their money into something else. You can expect the value to trend either sideways or down at that point. At some point later, the prices go up. But it’s usually going to take a while after the hype starts.
Some good points to consider. Thanks, Ted64.
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My metals are for buying, not for selling.
I never sell.
Anyone looking for a good SHTF scenario investment: 9mm ammo.
I don’t even own a 9mm and I’m telling you this.
Everybody and his brother is shooting it these days. This means when there is another ammo shortage – you’ll be in the Black if you got 9mm for sale!
Stock up while ya still can!
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