The price of gold is down about $50 an ounce and silver is down about $1-$2/oz in the last week or so. We were told that the prices would go up since Biden banned Russian gold. What's going on?
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All of it.
"When the lights go out, gold and silver are paperweights..."
But that is especially dumb.
It's only worth what people will trade for it.
Assuming a complete government and economic collapse, it's worth very little until civilization starts back up and decides to use it as a unit of exchange.
Gardening tools, seeds, and hand tools will be worth much, much more, as will coffee, toilet paper, and baby wipes, amongst other things.
I read the story you linked about Venezuela. The part you're ignoring is those Venezuelan merchants who were accepting gold in place of worthless currency were trading it for American dollars or selling it directly to their government, who used it to pay other countries for goods and services.
Trump signed an Executive Order in 2019 that blocked Americans from buying the gold from Venezuelans, by the way.
https://trumpwhitehouse.archives.gov/presidential-actions/executive-order-blocking-property-government-venezuela/
After that occurred, they began trading it heavily to Turkey.
Assuming those trade lines disappeared, that gold would have been worthless in the short term. And if you have to constantly move, it's hard to justify its weight over the things you actually need to survive.
So, honestly, it all depends on what you think will happen. Do you believe the government will collapse or just the currency will? And who's going to buy the gold and silver?
"who's going to buy the gold and silver?"
Gold and Silver are money. When SHTF you won't be able to "buy" money. It will come down to those who have it and those who don't.
I'm going to be harsh, but that's because you are being smug...
You're the dumb faggot that thinks I give a flying fuck about your shiny metal when the future you are LARPING occurs.
You will be lucky if I don't shoot you, if you come around in your LARPY ass future, trying to trade that worthless fucking heavy ass shit for my valuable water, food, guns and ammo.
When you run out of food, guns, and ammo. You will realize that Gold and Silver are MONEY.
Of course, everybody should have food, guns, and ammo but if you do not also have Gold and Silver you are not properly prepared. I am not going to argue with you. Thousands of years of history prove my point.
https://financialpost.com/news/economy/in-venezuela-people-break-off-flakes-of-gold-to-pay-for-meals-and-haircuts