It’s just a hunch but I think silver is the better deal. It’s seems more undervalued and if the SHTF, a one oz gold coin will be worth a fortune. Such a coin will be hard to spend but a one oz silver coin will be much more “spendable”. Like I said, just a hunch.
You’re right. Morgan cartwheels & `junk’ silver are universally known & will buy goods & services. `Peace’ cartwheels too, of course.
IIRC the only use of gold during hyperinflation was in Germany in 1923. Holders of gold stepped across the border to exchange their gold for hard currencies that could be spent back in the bankrupt Fatherland.
We don’t have that opportunity. Silver however will work.
But in a true SHTF situation they're not worth much. Just what I heard from survivors of seriously bad situations. Mostly Soviet relatives living through the joys of communism and Nazism.
People with limited ability to buy things in an indefinite emergency situation aren't going to give you much for even an ounce of gold. You need things useful on their own, not just a good store of value. A propane stove/heater, batteries, medical supplies, water purifier, cigarettes, liquor, lighters, maps, tools, ammo. These things will be worth more than their weight in gold.