When i see Trump silver, I buy the Trump silver.
(media.greatawakening.win)
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Part of silvers value is only a small percentage of people ahve it. People will be selling stuff to get more so they can buy things. I'll never convert mine back to monopoly currency. Onky for goods and services. I purchase almost monthly and can hardly believe they take fiat for it. There will be people unable to buy with out it unless the we back our currency with gold and silver. Then I'll convert to make it easier. Only a little at a time as I need to do trade. I'm on the fence as to whether gold and silver will go through the roof in value. I do believe it will rise higher than it is.
Yeah, I understand all that. I too wonder what will happen to the value of my silver if the US currency is ever put back on some precious metal standard -- gold, silver, platinum...
About buying silver with fiat currency, I once had this very conversation with my local silver dealer. I told him that I considered silver only as a means to survive a currency collapse, NOT as an investment. He said, "You mean if the price of silver jumped to $100 per ounce you wouldn't sell this back to me?" He was incredulous, but I said "No way. Not as long as the currency is not backed by anything."
He's a shrewd businessman, but it seems he cannot conceive of our currency collapsing. Apparently he knows nothing of history.