(February 24, 2016 at 10:22 pm)Thumpalumpacus Wrote: Parking money in gold and silver is risky because of the lack of inherent value in the absence of a technological economy.
Anyone honestly worried about the SHTF days and investing in precious metals as a result should ponder their edibility. That's what will count: What you can eat and what you can trade to eat.
Agree, you don't get any dividends on gold or silver, and there is always the risk they could declare it to be illegal to own, and force you to turn it in like they did in the 1930's. It's kind of like an insurance investment and silver especially can be bartered to the right person. I pay $50 every month for car insurance but haven't been in an accident for over a decade, but I'll be happy to have it if it happens, not to mention I have to have insurance to legally drive in my state.
