Comments on: Gold and Silver: Basics of Buying and Selling Precious Metals https://www.homestead.org/frugality-finance/selling-gold-buying-gold-buy-sell-precious-metals/ Learn Homesteading Skills Online Sat, 13 Aug 2022 17:36:55 +0000 hourly 1 https://wordpress.org/?v=6.8.5 By: Bruce https://www.homestead.org/frugality-finance/selling-gold-buying-gold-buy-sell-precious-metals/#comment-92618 Sat, 13 Aug 2022 17:36:55 +0000 https://www.homestead.org/?p=16112#comment-92618 Because silver coins are more readily converted into money we can imagine trading for something, I figure a silver one oz coin, be it a Maple Leaf or a Silver Eagle is the equivalent of a $20 bill. Figure a gold one oz coin to be the equivalent of $1800 now…tough for someone to make change, and you’d probably get ripped off if you were trading it in a major crisis. I’d give one silver coin for a gallon of petrol, for example…but it would be difficult for me to give a gold coin in exchange for even a tank of gas.

Silver is more the currency of the people.

Just my opinion.

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