My Grandpa Was Always Right

Merick · 02-27-2010, 10:30 PM

The argument for silver coins is that they would be more useful in day to day life after a currency crash, ie you couldn't trade a gold coin for a tank of gas, but a few silver coins, maybe. I'll leave this in the realm of conjecture. I knew a man who thought that alcohol and tobacco would make better barter items than metals.

The gold etf's (GLD and also SGOL, maybe a few others) have the advantage that they are more liquid, there is no shipping cost and you don't have to fret about physical security.

02-27-2010, 10:30 PM	#13
Merick User Join Date: Feb 2009 Posts: 32 Thanks: 1 Thanked 6 Times in 4 Posts	The argument for silver coins is that they would be more useful in day to day life after a currency crash, ie you couldn't trade a gold coin for a tank of gas, but a few silver coins, maybe. I'll leave this in the realm of conjecture. I knew a man who thought that alcohol and tobacco would make better barter items than metals. The gold etf's (GLD and also SGOL, maybe a few others) have the advantage that they are more liquid, there is no shipping cost and you don't have to fret about physical security.