I need to begin investing in precious metals. One more thing on my todo list. My question is, if anything were to happen to the markets, how would transactions using precious metals work?
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I need to begin investing in precious metals. One more thing on my todo list. My question is, if anything were to happen to the markets, how would transactions using precious metals work?
If you needed paper fiat currency, you can sell at market price to get cash for what you need. Like any other commodity or stock investment.
True but in my mind I would invenst in precious metals for total market colapse. Like mad max no banks scenarios. What would happen then?
your bank card would not work
This is true. I guess more specfically how would one exchange precious metals for goods and services and with no financial backing (assuming the economies colapse) how does anyone come to an agreement on price? Would it be mostly barter based?