Silver

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Silver is considered to be the most flexible and reliable form of barter by many survivalists specifically in a long term economic crisis. Unlike gold, silver is far more flexible for small item purchase and barter. It is available in many recognized forms and freely exchanged as a barter implement even during "good times".

Contents

Appeal to Survivalists

The primary appeal of silver to survivalists is that it is quite affordable and very divisible. It can be obtained in small quantities over time yet still represents a significant store of wealth in a relatively small weight. Silver has a long history of being used as money.

Why silver is used for coinage

Silver coins were among the first coins ever used, thousands of years ago. The silver standard was used for centuries in many places of the world. And the use of silver for coins, instead of other materials, has many reasons:

  • Silver is liquid, easily tradable, and with a low spread between the prices to buy and sell. A low spread typically occurs when an item is fungible.
  • Silver is easily transportable. Silver and gold have a high value to weight ratio.
  • Silver can be divisible into small units without destroying its value; precious metals can be coined from bars, or melted down into bars again.
  • A silver coin is fungible: that is, one unit or piece must be equivalent to another.
  • A silver coin has a certain weight, or measure, to be verifiably countable.
  • A silver coin is long lasting and durable. A silver coin is not subject to decay.
  • A silver coin has a stable value and an intrinsic value. Silver has been an ever rare metal

Silver Standard

Forms of Silver and Silver Coin

See Also

References

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