Is it true??

Originally Posted by happyscraper

Phantoms; you are right, if we have a total economic collapse and the value of the dallor goes to 0 like it did in Germany before WW2 then the penney wont have value ether. Even if copper values go up to 500.00oz what good would it do if your money has no value?

It's the exact same reasoning that ppl hoard gold and silver in case of a total collapse. The reasoning being that while paper money is worthless, pure metals will always have intrinsic value. Silver dollars are valuable because of the silver, not because it's a dollar. So, in the case of a collapse, and your example of $500 copper, that copper penny would theoretically be worth $2 and change. The tough part might be finding someone who values it the same way as the penny hoarder though. You never know though, if a collapse does occur like some people envision, and there's not enough gold and silver in circulation, people might turn to base metal currency. I doubt it myself.



And to clarify some word useage in this thread; if you're buying gold/silver to protect yourself in case of a currency collapse, that's not an investment. That's a hedge. An investment is when you buy it expecting the price to increase.