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The prospectors are just my personal favorite design and Engelhard is a well respected company so I tend to buy those when the price is right. There are other designs and manufacturers that I like that I will also buy when the price is right. I regard these types of silver coins as investment silver. Any store or online precious metals supplier will recognize and buy these coins.
If someone is solely looking for shit-hits-the-fan barter silver ASEs are the best choice. They would be the mostly widely recognized and accepted form of silver barter among private individuals. I buy ASEs for this purpose but ASE comprise only about 1/3 of my silver.
I wonder how spot will be decided on in a TEOTWAWKI situation?
What do you think these will get you during an apocalypse?
http://www.ebay.com/itm/Lot-of-10-E...702224?hash=item1ec1ef4490:g:3DUAAOSw3v5Yq3Mp
Perhaps more importantly, who will be accepting ASE's as a cash-equivalent under those conditions?
I will be accepting ASEs under those conditions . My personal opinion is that nearly all people would favor bullion over currency in a SHTF or TEOTWAWKI scenario.
That said, I think the more likely scenario, a step down from a SHTF or TEOTWAWKI scenario, is a currency crisis. If the people as a whole lose faith in currency, if wealth gets remeasured with precious metals being the money instead of currencies you'd see a dramatic gain in the buying power of precious metals.
Metal is metal is metal. Carry on.I will also be accepting generic silver. I know how to cull the fakes...
That's basically inflation. And I agree with you on PM's gaining buying power relative to paper dollars under those conditions.
Metal is metal is metal. Carry on.
You're right about the test kits. If the USD becomes worthless and metals become common currency we'll all have our own test kits. Most silver testing uses the same acid as in this $5.50 kit from Amazon. It won't tell you the exact purity, but you can be confident it's "mostly" silver and I can't imaging there being a problem of people casting rounds and bars from 70% silver.Silver test kits are not expensive, but will only test near the surface, and not deep into the core of the object.
In the '80s I worked with a guy that got himself and family out of N Vietnam. It took a lot of bribing, all of which was done with gold.My sense is that you're undervaluing what gold and silver would be worth in a currency crisis. Even now you can buy $18 worth of food for an ounce of silver. If there isn't currency, or currency is worthless, the purchasing power of gold and silver could be astronomical.
This is where "pieces of eight" came from.If things get that bad, all you'll need is these:
It's how you make change for a dollar. Oh, and to check if the round you want to trade for a dozen home-raised eggs is real...
My sense is that you're undervaluing what gold and silver would be worth in a currency crisis. Even now you can buy $18 worth of food for an ounce of silver. If there isn't currency, or currency is worthless, the purchasing power of gold and silver could be astronomical.
The soldiers on the ill-fated Carter era raid on Iran to free the embassy hostages reportedly carried gold for use in bribes.In the '80s I worked with a guy that got himself and family out of N Vietnam. It took a lot of bribing, all of which was done with gold.
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