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Are Coins Better Than Bars?

May 13, 2013 by  

Dear Bob,

You refer to gold and silver coins in your letter (The Bob Livingston Letter, subscription required). What about those of us that have invested in 100 oz. silver bars? How do I fare when the boom is lowered?

Martin C.

Dear Martin,

You will be fine as far as retaining your wealth is concerned. You bought your silver because it represents a store of value. When the currency crashes to worthlessness, your silver will still have value as “money,” as it has for thousands of years. I recommend “junk” silver coins because they look and feel like the coins we use today, so people will be comfortable trading with them. But they will retain their value when today’s currency is worthless because of the silver they contain. Their advantage over bars is that coins are more easily tradable for food and clothing. You will trade a silver dime for a loaf of bread, or a silver quarter for a garment. How will you break up your bars for trading for small items?

Best wishes,

Bob

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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