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The Future Of Silver?

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Pillar of the Community
fistfulladirt's Avatar
United States
4333 Posts
 Posted 02/15/2015  4:57 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Welcome to CCF realmoney!

I'm interested in your statement that "silver will be used as money again when the dollar completely crashes". I just wonder who is going to use it besides the less than 1% of the population that even owns PM's?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
realmoney's Avatar
United States
110 Posts
 Posted 02/15/2015  5:12 pm  Show Profile   Bookmark this reply Add realmoney to your friends list Get a Link to this Reply
Thanks fistfulladirt! There is so much information here. I love it so far!

I believe that the dollar will collapse like every other fiat currency. Then I believe we will have a breif period where cash is king. Then a period of straight bartering. This bartering will lead to silver being used as money again. Straight bartering isn't efficient in the market place. If I want your vegetables and I have liquor to trade, but you don't want my booze, we will need to find some medium of exchange.

This is where silver will come into play. Yes, a tiny percentage of the population holds silver now. But it will disperse rather quickly when dollars become worthless.

For example, I live in an apartment, so I can't grow much food. I could go to a local farmer and buy some food with silver. Just how I see this experiment with global fiat currencies unwinding..
Pillar of the Community
fistfulladirt's Avatar
United States
4333 Posts
 Posted 02/15/2015  7:43 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
I just don't see anywhere near enough silver out there to be dispersed among millions of people.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
realmoney's Avatar
United States
110 Posts
 Posted 02/15/2015  8:51 pm  Show Profile   Bookmark this reply Add realmoney to your friends list Get a Link to this Reply
Maybe I am over-estimating how much is out there. Didn't the United States us silver as the main form of currency before the creation of the Fed? The population has grown a lot since then, but there has also been more mined. Of course, if there isn't much silver out there than the stuff we have would be worth more in this scenario.

So do ever see silver being used as money again?
Pillar of the Community
fistfulladirt's Avatar
United States
4333 Posts
 Posted 02/16/2015  05:54 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
So do ever see silver being used as money again?
I don't see how. Too difficult for a govt to inflate hard currency.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
realmoney's Avatar
United States
110 Posts
 Posted 02/16/2015  10:19 am  Show Profile   Bookmark this reply Add realmoney to your friends list Get a Link to this Reply
That is why I believe some hard money will make its return. I don't believe the laws of economics can be suspended forever. Who knows though? People have been saying that for decades.
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