Dear Bob,
I am a disabled veteran with no savings account. A poor person, mind you, without a financial education. I buy a measly 10 oz bar of silver monthly with my disability check because I have no faith in the government which is what backs the value of a paper dollar. Am I being foolish?
Jerry Diltz
Dear Jerry,
You are not being foolish at all. You are being prudent. You might also consider buying junk silver; pre-1964 silver coins. They are more valuable for their silver content than their face value. However, when the collapse occurs they may be more useful than silver bars because 1) they look like the coins people are used to seeing and may be more readily acceptable in exchange and 2) they provide the flexibility of different quantities of silver for smaller purchases.
Best Wishes,
Bob