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Jul 20 2010

If economy crashes, will a 1 ounce 2004 American Eagle coin be worth having, or should I sell it on ebay now?

Posted by admin in American Eagle Silver Proof FAQ, tags: , , , , , , , , , , ,

Question by Vader: If economy crashes, will a 1 ounce 2004 American Eagle coin be worth having, or should I sell it on ebay now?
I am talking about an all out crash, where we have to barter to survive.

Best answer:

Answer by likepepsi
If we end up in a situation where bartering is the key to survival, there won't be much use for gold or silver. What will have value is guns, ammunition, water, food, and fuel. The very concept of barter implies that money (or precious metals) won't be used.

However, the chance of that kind of thing happening is very, very, small. I think what is more likely is the the US will suffer inflation and in that case precious metals will rise in value, so I would hold on to it.

Know better? Leave your own answer in the comments!
2004 American Eagle Silver Coin Roll (20 1oz Coins)

US $431.25 (12 Bids)
End Date: Sunday Sep-05-2010 7:42:11 PDT
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