What Is The Value of Silver In Barter Transactions? Is the current spot price of silver under-valued?
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(the end of the world as we know it). 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 for cash, but if there was no [functional] cash how would I know what the silver would be worth? So, right now an ounce of silver is worth, two laying hens, or $20. But what happens after the SHTF? Will an ounce of silver be worth twenty hens? Or maybe just a can of beans? How will it all work? Any insight? SurvivalBlog Replies: I think that a better long term perspective on “prices” versus “values”, we should examine four points of reference: Wages, manufactu
