Quote from oldtime:
I don't mind owning it as a currency, but if it ever gets to where merchants only accept gold, who is going to be working? Who will produce anything the merchants normally sell?
Do you think the truck driver is going to deliver gasoline? And before that, will the worker show up in the morning at the refinery?
The likely scenario is a bank holiday in the states... you go to sleep over the weekend and wake up Monday morning with the dollar worth 40% less... MY CHOICE: silver in a vault in Switzerland.
IF silver holds long term support here I will buy a whole lot more.
Woody