With rumors of DJT returning us from the fiat Federal Reserve Note to a gold-backed Treasury Note...
►Is anyone buying physical silver or gold to barter with?
►What might happen with the stock market?
►What if the power or internet goes out and banks and ATM's are not available?
There are a couple plays here...
You could with the miners/producers through an ETF or direct equity. Essentially this is what Warren Buffet/Berkshire Hathaway did.
You could buy an etf that trades futures what many people do. It’s paper, and no one knows for sure what happens in a squeeze...
You could still go ETF that stores the bars for you physically. (I do this partially). SGOL is stored in Switzerland. They have a silver equivalent as well. You can then go back and forth trading one in for the other depending on the silver to Gold ratio.
The last part is physical where you possess it. It’s harder to trade. Can’t be in an IRA (they I know of) but depending on the state is not subject to state tax. We’ve never had a global reset, or anything close to it, but the theory is that this is the only true way to make sure you won’t get screwed.
For transparency: I have ETF l positions in physical gold and silver both with Aberdeen (SGOL). They are in a retirement account so I can bounce back and forth when the ratio changes. I have some silver in coins for a SHTF scenario, and also have some exposure with a Mutual fund that covers precious metals miners etc through Invesco. It’s an old account that was set up when I was 12, and is sentimental so I don’t take it out just move the mix around (yes I know mutual funds are not tax efficient).
We need a finance.win