Imagine a scenario where the Fiat currency has been hyperinflated due to quantitative easing….In this scenario goods and services increase in cost between morning and night…. Don’t believe this could happen? Just take a look at Weimar Germany.
In Weimar Germany, people had to get paid daily because their currency lost a significant amount of purchasing power every day. Ultimately, they needed wheelbarrows full of currency just to buy a loaf of bread.
What would you do in that scenario?
The Fiat money was in hyperinflation but that didn’t mean that the value of goods was increasing… Only the cost of those goods in fiat money terms.
Gold and silver maintained their value and those that had it used it for trading to buy food and necessities.
With this in mind you should buy gold and silver in small enough units that they can be used to buy food and necessities in the event of a financial meltdown. You also want to buy easily recognizable coins so that the average person can recognize them (they will be useless to you if people can’t authenticate them on the spot).
The #1 item in this category is junk silver. Everyone recognizes a US dime, quarter, half dollar and dollar. These coins contain 90% silver and have a value much smaller than 1 ounce coins that are pure silver making them the logical choice for trading for food and goods.
Stay away from big silver bars since they are not easily divided and therefore useless when it comes to buying a loaf of bread. If you feel that you want to buy things other than junk silver, the next logical choice would be 1oz US minted silver Eagles or 1oz Canadian Maple leaf’s.
If you are considering buying gold, you should buy 1/10, 1/4 or 1/2 oz US gold eagles. Anything more than this will be useless for buying food and goods.