Yah, Gold isn’t worthwhile unless using a trusted intermediary whom knows their stuff. IMOI think silver coin (US quarters, pre-64?) are the best overall. Or maybe even better, genuine silver dollars. This is if you plan to use them for actual spending in a survival situation. Like someone else said back there, it could be hard on you paying for a can of beans with even the smallest gold coin. A few of them might be okay, for the bigger purchases.
As far as gold goes, it often follows either the rate of inflation, or how much demand there is for it. But another reason it goes up is because the cost of digging it out of the ground goes up, too. It is also heavily used in computers, etc.
Remember the Old Man on Pawn Stars? He was a heavy buyer of silver. Maybe he knows something.
If you're going to invest in alcohol or tobacco, maybe Everclear is your best bet (190 proof) and buy the tobacco in sealed cans (Bugler, Top Tobacco), not in cigarette package form. They will dry out quickly and become Toasty Crap. The cans will last much longer, especially kept in a cool, dry place with few temperature fluctuations.
There are fake “pure” silver about, but IMO less risky for the everyman doing trades/transactions. Even less so if going thru a trusted intermediary.
Haven’t heard of fake silver content circulated stuff (standard circulated pre-‘64 coinage). Likely are/could be, however also likely not worthwhile to have been done in volume effectively by the scammo scumbag folks.
“Problem” on the street would be actual average silver content of circulated US coinage. Easily resolved by printing out a conversion spot OZ / coinage type sheet.
Jerry D Young wrote a reasonably decent article on precious metals for barter. 2 parts linked in:
Precious metals, Some consider them an absolute necessity to their prepping, others believe acquiring PMs is the biggest mistake being made in prepping.
In this article, Jerry D. Young takes a look at the value of silver and gold as trade currency during a SHTF / PAw situation.
I’m NOT familiar with the hosting site (beansbulletsbandagesandyou), however am a big fan of Jerry D Young’s fictional writing, as well as his extremely well thought out “lists” on any number of various things.
If one is not familiar with Jerry D Young, might be worthwhile to read a bit. He has many of his works up on Amazon Prime, so are “free” to borrow for Prime members.
Many, if not all of his various lists on things are available on the interewebs for reading and for downloading.
As in all things, read and take away from such what would be worthwhile to ones particular situation. If one has no need for a portion of said, then park it & leave it be. It would be a loss to disregard good advice solely if the entirety of such isn’t useful.
As in the above linked articles, the reader should take note of the timeline of said writing and what the PM market was at that time.
Simply adjust ones “street” conversion for whatever timeframe & market one has a need to do business in. Be it today, tomorrow or a decade from now...