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<p>[QUOTE=&quot;Slider, post: 1918386, member: 44205&quot;]I think the take away lesson here is that there&#039;s nothing wrong with holding onto the copper pennies that you receive in change, but that you shouldn&#039;t be out there converting otherwise spendable cash into coppers.&nbsp; You don&#039;t earn money holding metals. There are far too many fools out there converting cash that they could otherwise be saving or investing into copper just because they think they&#039;re going to make big money some day in the sale of copper.&nbsp; </p><p><br /></p><p>Furthermore, the notion that our currency could collapse but that copper, gold or silver will still be used as a medium of trade is pure fantasy.&nbsp; Gold and silver is concentrated into far too few hands for it to act, at least in the short term, as a replacement currency for the dollar.&nbsp; Despite all the stackers out there, probably 95% of the American public owns absolutely no precious metals.&nbsp; Unless the U.S. government takes action to re-monetize gold and silver, and begins issuing it themselves, there is absolutely no way that we could hope for an &quot;orderly&quot; conversion back to PMs as currency when physical holdings are so unevenly distributed.&nbsp; </p><p><br /></p><p>Stackers like to think that we&#039;ll hit some sort of &quot;Goldilocks moment&quot; in a currency collapse where things are bad enough for the dollar to go kaput but still good enough for people to view PM as a currency.&nbsp; Unfortunately, the reality of the situation is that when PMs are concentrated into so few hands, one of two things will happen - 1. others will want it and will take it by force, or 2. nobody will want it and barter will become the currency of the realm.&nbsp; Good luck with either of those scenarios.&nbsp; </p><p><br /></p><p>Own gold and silver as a hedge against inflation, not a doomsday fund.&nbsp; The best metal to own in a doomsday scenario is lead, not gold, silver or copper.[/QUOTE]</p><p><br /></p>

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