I dunno, despite my observation upthread. A standard $1000 face value bag of junk silver is like 54 pounds. So while I wouldn't want that much in a BOB, it might be handy to have at minor-to-mid crunch.
Barring apocalyptic conditions, we wont be walking with silver coins to use in shops. I agree it is useful if ever totally isolated and 1000 is nothing in the big scheme, no harm to save a bag buried in the garden perhaps. I just dont think it happens that usefully that likely.
The sensible route would be for a major government to reissue silver coins in its currency, hard money. Silver coins can be used to extend the life of a bottle of milk, it was always useful peoples money even just sitting there. We dont, wont and cant have hard money, we have debts which would collapse upon fiscal budgets if we ever tried that route. No bravery like this exists which leaves only the collapse scenario resulting from the extreme of no normal trade at all.
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No good for gold
its good for gold to be used. The price might fall in a year which is just a moment for gold but its closer to being used for settlement between nations which is its correct use. If we fear change and upset prices even then I feel Bitcoin is the wrong choice because it needs change to really be used. The status quo is more of the same which is debt, printing to serve the debt and new currency given to the most central debt handlers not anyone productive in the economy. I hope not but we could do this for 40 years, just stupid debt to replace the last debt with more on top and since Japan has done it since the early 90's and we didnt start till 08 on the QE I guess we can do at least another 20 repeating the treadmill.Quote
UK sold their gold at $250 
They bought euros prior to the ECB falling off the rails . There are worse currencies then Euro but theres better like gold probably is going to be. That is interesting news on gold holdings, its another step down the road towards instability I think as the gold all central banks hold is a common point of reference that enables trade. Removing the gold will make Euro less synchronised I think likely.The BTC price has two trends apparent since mid July with both lower highs and higher lows, we havent yet found which is stronger of the two. I dont know if price is moving so slowly now because the two sides met and now counteract.
