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<p>[QUOTE="Pilkenton, post: 838456, member: 23961"]If a worldwide economic collapse happened today, what good would our silver and gold hoards be in the years immediately following? In the worst scenario, paper money is worthless. Stores are looted. There is complete anarchy in the street. There is no law enforcement to speak of. It would take years for gold and silver standards to become the normal way to spend. How much gold and silver do we need to survive? You might get a loaf of bread for a silver dime from one place, then spend twenty silver quarters from another guy. Who's to say anybody would even want it? If you had an extra can of corn to trade to survive, would you rather have a silver dollar or a roll of toilet paper?</p><p><br /></p><p>This part of collecting bullion has always puzzled me. If you had to survive just on the amount of precious metal you have, even if you had a warehouse full of it, I think you would have a hard time surviving. You would hope that you had a needed skill when the time comes. A dentist would be nice. That's something you could trade for anything, and nobody can sneak up and take from you in the middle of the night.[/QUOTE]</p><p><br /></p>
[QUOTE="Pilkenton, post: 838456, member: 23961"]If a worldwide economic collapse happened today, what good would our silver and gold hoards be in the years immediately following? In the worst scenario, paper money is worthless. Stores are looted. There is complete anarchy in the street. There is no law enforcement to speak of. It would take years for gold and silver standards to become the normal way to spend. How much gold and silver do we need to survive? You might get a loaf of bread for a silver dime from one place, then spend twenty silver quarters from another guy. Who's to say anybody would even want it? If you had an extra can of corn to trade to survive, would you rather have a silver dollar or a roll of toilet paper? This part of collecting bullion has always puzzled me. If you had to survive just on the amount of precious metal you have, even if you had a warehouse full of it, I think you would have a hard time surviving. You would hope that you had a needed skill when the time comes. A dentist would be nice. That's something you could trade for anything, and nobody can sneak up and take from you in the middle of the night.[/QUOTE]
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