Seems like a good idea before there is a bank run due to various reasons. Do I have to report a withdrawal of like 5k?
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Can you get metals a little over spot? Then who do you sell it to when you want to get fiat?
It's not about selling it. I don't think you would do well exchanging in either direction. The point is to have non fiat money and non-stocks investments for barter, store of value, tax free exchanges, and maybe beat inflation. . I would only invest in precious metals with money you can afford to lose since there's no guarantee of it's SHTF value or that it won't be stolen.
Well, you can't buy groceries with precious metals.
Exactly! I can just imagine a whole platoon of assayers. (Sp?) Similarly, the question of bitcoin type savings. If we get hit by a BMP or suffer a infrastructure failure, how do you expect to exchange either of these forms of currency?
Not at a grocery store anyway