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Precious Metals and Bugging Out — 2 Comments

  1. I respect your take on the situation, but I would ad that any silver or gold coin that is recognized as legal tender [Silver 1oz Canadian Maple Leaf dollar has official value of $5 Can dollars; regardless of it’s bullion value which may be $23, you can go and use it in the store now if you have to, just as US eagle in USA or other country’s legal tender coin of choice.] so whatever may happen, it is seen as money, not just as bullion silver that can be confiscated as we all know other coins don’t have that privilege. Silver Can also give you better leverage as you mentioned at grocery store. Buying Gold in 1/10 is going to cost you 3x [times] as much because the smaller you go, the more you pay for each ounce. So your investment losses third of your savings.
    To finalize, if you have the money, sure 1/10th Gold coins will work. Another issue is that gold would be the first to hunt for confiscation if cash goes south. Or, if you need to hold big investment, then Gold is better for how much weight you can carry. [$1300/oz gold vs $19/oz silver, you can carry a lot more money in oz of gold]

    I would suggest that this would have to be very personalized decision for each individual.

    • You have valid points and I’ve talked about these in other areas (probably in the podcast). I was simply answering a listener’s question, and was trying to focus just on the question. However, yes, coins in general retain their value, even those we use today. At least, probably longer than paper. If you had a dollar coin and a dollar bill, I bet most people will take the coin over paper when the economy starts to crumble. It may not stay that way for too long, as even the coin as dubious value. Silver, copper, nickel, and gold coins, however, will always have value, even if it’s just the monetary value they’re stamped with. For example, as you’ve noted, a silver dollar will always have the value of a dollar, even if the the person doesn’t recognize it’s intrinsic value in metal.

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