I have a question for those who stack Silver/Gold: When do you think Gold or Silver will take hold and be viewed & used as currency after a SHTF event occurs?
I myself have a few ounces of Silver, wish I had more but funds don't allow for that. I've chosen to invest in other precious metals such as brass & lead like most others; and invest in other hard assets like food, water, the storage & acquisition thereof (pretty broad category huh?). I understand stacking metals is a preservation of wealth and agree with that philosophy wholeheartedly. However, I know some people in the silver stacking community are mainly-if only-stacking silver and plan on bartering for their necessities. I believe it would be quite some time (atleast 6 months) before anything other than useable assets (ammo, seeds, weapons, tools, etc...) become currency, such as Silver & Gold coins. I'm aware Silver has many many uses, but those uses require various refining processes to use it in those ways (.9999 vs .999 fine silver for colloidal silver for example).
My plan is to stack the hard assets like those mentioned above before putting my excess funds into Silver. What are y'alls thoughts on the matter?
*Edit* I'm just using 6 months as a guess to people's faith being restored in any currency, considering where the dollar is headed. I believe it will take some time before people begin to trust currency at all.
I myself have a few ounces of Silver, wish I had more but funds don't allow for that. I've chosen to invest in other precious metals such as brass & lead like most others; and invest in other hard assets like food, water, the storage & acquisition thereof (pretty broad category huh?). I understand stacking metals is a preservation of wealth and agree with that philosophy wholeheartedly. However, I know some people in the silver stacking community are mainly-if only-stacking silver and plan on bartering for their necessities. I believe it would be quite some time (atleast 6 months) before anything other than useable assets (ammo, seeds, weapons, tools, etc...) become currency, such as Silver & Gold coins. I'm aware Silver has many many uses, but those uses require various refining processes to use it in those ways (.9999 vs .999 fine silver for colloidal silver for example).
My plan is to stack the hard assets like those mentioned above before putting my excess funds into Silver. What are y'alls thoughts on the matter?
*Edit* I'm just using 6 months as a guess to people's faith being restored in any currency, considering where the dollar is headed. I believe it will take some time before people begin to trust currency at all.