If there is a monetary collapse. a silver Eagle will be easier to spend than a gold Eagle. It’s the difference between spending a $ 20 bill and a $ 1000 bill.
I figure I could buy at least a day’s groceries with one silver Eagle.
“If there is a monetary collapse. a silver Eagle will be easier to spend than a gold Eagle. It’s the difference between spending a $ 20 bill and a $ 1000 bill.”
Exactly.
I have bought gold bullion in small denominations (e.g. 1g - 10g) for this very reason. People may be suprised when they have to use their treasure to purchase something of lesser value and the vendor cannot make change. I have bought a lot of silver too.
To be fair, many (if not most) people buy the larger denoms simply to preserve wealth while other lesser assets depreciate.
Exactly. I don’t view the run on silver as the author states. I believe many folks just waking up to “the party” of shenanigans in DC are realizing their dollars are worthless or are about to be.
They can’t afford gold, so silver is a way to go. Why brand new silver dollars? Because they can’t afford the bulk pricing for bags of junk silver either.
I keep bringing up the real life account from a guy in South America who had their currency collapse. It was the junk silver and jewelers quality gold that saw them through their year of turmoil.
For sure.....you can bet that after a natural disaster (such as the Northridge quake which we experienced) power will be out. Your local Kroger isn't going to be open, but Achmed or Patel down at the Circle K will be waiting, abacus in hand.
“
If there is a monetary collapse. a silver Eagle will be easier to
spend than a gold Eagle. It’s the difference between spending a
$ 20 bill and a $ 1000 bill.
“
Generally that’s been my view.
But my brother availed himself of one alternative.
I don’t know what they are actually called, but he bought a tube
of small Krugerrands. My inexpert understanding is that they are
about 1/10 the size of the standard Krugerrand.
They are gold, and I’d guess a bit smaller in size as compared to
an American dime coin.
I agree that silver coins would be the more likely “post-apocalypse”
currency...but these small Krugerrands might be another option.