TOP 10 Q & A's

Q3. If you favor gold over silver, should I just buy gold and forget silver?

 

Not at all. As we noted, silver is also money, though we think slightly less favorable than gold because it contains less intrinsic value than gold and is thus less portable than gold. However, silver may well have some advantages over gold as a “poor man’s gold.”

 

We believe it is only a matter of time before paper money is no longer trusted, and when that time comes, people will automatically engage in barter. When you need to buy a loaf of bread and some milk and other smaller but life-sustaining purchases, it may not be wise to offer a one-ounce gold coin in exchange for that loaf of bread and gallon of milk, because the grocer may not be able to make change for you. Better that you have some junk U.S. silver dimes, quarters, and half-dollars in your pocket with which to buy smaller items. But be sure you buy gold and silver coins that are well recognized for their metal content. Otherwise they may not be acceptable to vendors.

 

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