Agree with the sentiment. The only problem with holding physical gold or silver is that if sh*t gets real, and the monetary system implodes, good luck trying to use your precious metals as a medium for exchange. It will most likely be taken off you at the point of a gun by any party you are doing business with, and if not big daddy government will confiscate it.
If you really want to see what happens when the system breaks down, read first hand accounts of the war in the Balkans during the 90s, and stock up on guns, ammunition and tinned food.
That why I prefer gold (and silver) miners. That's not to say the shares cant be appropriated but if things get to that stage, holding physical ain't gonna save you.
US debt clock, page-7
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Last
10.5¢ |
Change
0.012(12.9%) |
Mkt cap ! $158.3M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 10.5¢ | 9.3¢ | $2.889M | 28.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1771375 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1134441 | 14 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SVL (ASX) Chart |