So I wonder what real value could be attached to silver when TSHTF? What, for example, could pre-1964 silver US coins, could be used to buy a week's worth of groceries? One silver troy ounce? Two? Or fractions thereof? Of course we cannot know the value until the actual event occurs, as the market -- buyers and sellers -- will set the value, not some metals speculator or manipulator in some far-off city. I suspect that local realities will prevail and a troy ounce in east Tennessee will have a different value from Long Island, NY.... or Sacramento, CA.
I've consistently seen for several years from finance people that once the paper fails and silver finds its true price, it will revalue at $300-600 an ounce.
So I wonder what real value could be attached to silver when TSHTF? What, for example, could pre-1964 silver US coins, could be used to buy a week's worth of groceries? One silver troy ounce? Two? Or fractions thereof? Of course we cannot know the value until the actual event occurs, as the market -- buyers and sellers -- will set the value, not some metals speculator or manipulator in some far-off city. I suspect that local realities will prevail and a troy ounce in east Tennessee will have a different value from Long Island, NY.... or Sacramento, CA.
I've consistently seen for several years from finance people that once the paper fails and silver finds its true price, it will revalue at $300-600 an ounce.
WHOA! Really? Well then, I feel a lot better about my strategy. Hoard the stuff and never touch it until it's the only thing left with value.