Letter Re: Conjecture on the Value of Silver in Barter Transactions
Hi Jim, I would like your thoughts on something. I have been stocking up on silver for many years, but I’m wondering what you think will happen to the value of it at TEOTWAWKI. Here is my thinking, right now silver is worth around $18 U.S. dollars per [Troy] ounce, that is easy to understand. But if the dollar goes away then how do we put a value on the silver? I have been told that silver will go way up if the dollar fails but I can’t seem to understand how it will work. Currently I could trade silver …