[NorthernSanctuary]

The points raised do not cover all the reasons why (some) people like to have silver and gold in uncertain times, depending on their situation.

1.Someone I know just retired last year, and got a lump sum payment of $50,000 for his pension. He knows that the paper money is becoming worthless, so he bought some gold a few months to maintain his worth. At this point, he has increased his dollar worth by 30%.

2. He can also buy food, but the most food you can buy before it goes bad is a few years, and even if he did that, he will still has a lot of money left over.

3. If the dollar becomes worthless (which looks likely), the government will introduced a new currency, and this is bound to be backed by gold. The TPTB know that they could not get any credibility by printing money because that's how they got into this mess in the first place. The value of gold (or gold backed currency) is that it stops the politician's from "playing" around; the exact reason why they prefer a fiat currency. A society can not be better than the people that exists in the society. Past history and experience shows that a society eventually gets corrupted. It's because there is an accumulated corruption that gets passed on from generation to generation. You see this in terms of the increasing size of the tax code, the desire of special interest groups to push for their interest. At this point, everyone sees it in the news.

4. Pure silver has value as it kills germs and viruses on contact (probably gold too, but it is too expensive). I want to keep some just to make colloidial silver.

5. As mentioned by someone else on this forum, the government has to find the gold before they can confiscate it.

So, in the end, if you've bought food, tools, all the stuff you'll need for a few years, putting the rest of your worth in gold and silver is a pretty good strategy.