Silverware -- the real stuff -- is both a set of tools to eat with and a precious metal investment.
You aren't using the silverware at dinner, so if you think silver will drop in value (not dollar amount, since dollars themselves are dropping in value thanks to the FED and Congress), it would make sense to sell it now.
I think silver will become far MORE valuable going forward -- it is well below historical norms vs. gold right now, for one reason -- but that's me. What do YOU think?
If you believe, as I do, that silver will become more valuable, that argues for hanging on to it. You can't eat silver spoons (or plenty of other forms of wealth) and if deep and widespread famine occurs, you'll probably wish you'd bought extra freeze-dried food, body armor, ammo, bullet-proofing for your exterior walls, etc instead of keeping the silver.
But short of THAT, in a deep economic depression and with food scarce but not unobtainable, then silver rounds, coins, jewelry, and other forms of silver (like what your grandmother left you) could be extremely useful. Like gold, silver has been used as money and barter for thousands of years, and for good reasons.
Well, I keep seeing this about silver and gold not helping when civilization breaks down, and remembering a Czech friend telling me how they were aided during WWII and the aftermath because they had a very small stash of silver, which they would occasionally use a smidgen of, so there was a way. And I think it has always been that way. You won't trade silver to someone who only has a can of corn, you find someone who has a little more, who can trade a can of corn for future value. This is how the rich get richer.
Silverware -- the real stuff -- is both a set of tools to eat with and a precious metal investment.
You aren't using the silverware at dinner, so if you think silver will drop in value (not dollar amount, since dollars themselves are dropping in value thanks to the FED and Congress), it would make sense to sell it now.
I think silver will become far MORE valuable going forward -- it is well below historical norms vs. gold right now, for one reason -- but that's me. What do YOU think?
If you believe, as I do, that silver will become more valuable, that argues for hanging on to it. You can't eat silver spoons (or plenty of other forms of wealth) and if deep and widespread famine occurs, you'll probably wish you'd bought extra freeze-dried food, body armor, ammo, bullet-proofing for your exterior walls, etc instead of keeping the silver.
But short of THAT, in a deep economic depression and with food scarce but not unobtainable, then silver rounds, coins, jewelry, and other forms of silver (like what your grandmother left you) could be extremely useful. Like gold, silver has been used as money and barter for thousands of years, and for good reasons.
Trade it spoon by spoon in that case.
Well, I keep seeing this about silver and gold not helping when civilization breaks down, and remembering a Czech friend telling me how they were aided during WWII and the aftermath because they had a very small stash of silver, which they would occasionally use a smidgen of, so there was a way. And I think it has always been that way. You won't trade silver to someone who only has a can of corn, you find someone who has a little more, who can trade a can of corn for future value. This is how the rich get richer.