Alright, what happens if S really HTF. What does one do with a silver bar? Wouldn't smaller pieces make more sense. What does one do with this stuff, unless you just buy it to hedge inflation but don't even intend to use it. Even still, I'd like to know of a 'what if' scenario where it or gold could be used in a practical application. Thanks to anyone who answers.
There are smaller increments. Dubloons...er, I mean... American Silver Eagles go for about $34 USD today. And you can buy "junk silver" that would be very good for barter or HODL. These are US coins minted before 1964? 1968? that are 90% silver (nickels, dimes, quarters). They would also be good for barter/HODL. Check out local coin dealers in your area.
Just do a little research before buying junk silver. The main thing to look for is the date that is on the coins, coinciding with wars that needed to be funded, so governments debased the currency. (Sound familiar?). In NZ, I think it was 1948. In the Netherlands it was something similar http://www.canada-gold-buyers.com/silver-content-of-dutch-guilders-and-guldens/.
Oh, I know they can be used, I just didn't see the practicality of having a 2k oz of gold. Unless I'm going out to buy 2k worth of stuff, I just don't get it. Haven't really looked into this though so maybe there are other solutions like smaller units. Thanks.
Alright, what happens if S really HTF. What does one do with a silver bar? Wouldn't smaller pieces make more sense. What does one do with this stuff, unless you just buy it to hedge inflation but don't even intend to use it. Even still, I'd like to know of a 'what if' scenario where it or gold could be used in a practical application. Thanks to anyone who answers.
You need fractional rounds and nothing larger than an ounce to buy black market provisions.
yeah, I mean, an ounce of gold is worth a small fortune, so impractical in that sense. And ounce of silver might be okay though.
There are smaller increments. Dubloons...er, I mean... American Silver Eagles go for about $34 USD today. And you can buy "junk silver" that would be very good for barter or HODL. These are US coins minted before 1964? 1968? that are 90% silver (nickels, dimes, quarters). They would also be good for barter/HODL. Check out local coin dealers in your area.
I would LOVE to own some dubloons! Thanks for the advice, but one thing -- what is HODL? Sorry and thanks.
Just do a little research before buying junk silver. The main thing to look for is the date that is on the coins, coinciding with wars that needed to be funded, so governments debased the currency. (Sound familiar?). In NZ, I think it was 1948. In the Netherlands it was something similar http://www.canada-gold-buyers.com/silver-content-of-dutch-guilders-and-guldens/.
Oh, I know they can be used, I just didn't see the practicality of having a 2k oz of gold. Unless I'm going out to buy 2k worth of stuff, I just don't get it. Haven't really looked into this though so maybe there are other solutions like smaller units. Thanks.