This is a discussion on Gold , Silver ect within the Economic, Precious Metals, Investing, Finance forums, part of the General Discussion category; Nice sovereign Jacky! Fellow stacker here, mostly bullion coins but do have a couple proof/uncirculated sets. No experience with other rare/precious metals, only gold and ...
Nice sovereign Jacky!
Fellow stacker here, mostly bullion coins but do have a couple proof/uncirculated sets. No experience with other rare/precious metals, only gold and silver, and mostly in Eagles and Maple Leafs since they're more recognizable to people on this side of the pond.
I'd think recognizability might be even more of an issue with other rare metal coins or bars post SHTF, plus the question of what is the exchange rate for platinum or rhodium to gold / silver which will almost certainly be the de facto standards? Gemstones might even be worse, assaying coins to confirm their validity isn't too tough but doubt many would be able to assay gems where qualities like cut, brilliance, or luster make up a large part of their value. Just my 2 pence.
To those that suggest ammo as post SHTF money/currency, would you really accept it in trade, especially from a stranger or anyone you didn't fully trust? They could be loaded with sand, or flash powder (!), or with primers they found lying in a puddle somewhere. The only way to really be certain they have their full value (as in, they'll go 'bang') destroys them in the process of confirming it. Plus there's Greshams Law, each time they change hands people will keep the ones that they believe are the most valuable, which for ammo means the ones most likely to work when needed, and trade the ones they have less trust or faith in. After they change hands a few times the only ones in circulation are going to be the ones nobody trusts.
Here's an interesting concept: Gold actually sold as an intended monetary system.....