Quote:
Originally Posted by walnutred
Gold and silver has not been used as money in this country for over a generation. Might not work in a daily trading situation.
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Actually I know several people that felt it prudent to invest in silver coins. One once told me in a SHTF situation "if it takes a silver quarter to buy a loaf of bread, I will have the quarter."
I am not in precious metals (not counting gold watches), but if I was, I would want the gold in small coins that I could trade for things I need. Owning gold on paper doesn't do it for me.
It is actually a couple generations since gold coins were in circulation. Franklin Roosevelt had laws passed outlawing private ownership of gold, then the government bought it for $35/oz and immediately he took us off the gold standard. IMHO this was thievery.