and as soon as its becomes a "black market" commodoty your starving and wanting a local baker to sell you a loaf of bread do you think you will be getting fair maret value for that 1 oz gold coin you have
If it was my bakery and I was taking the risk of taking your black market goods I would be making sure it was well worth my while to do so.
however we are not in a financial crisis nor are we anywhere near a collapse and avt 4 of the banking act has not been enacted --- yet ---like that and I dont think we will see it. But as I keep saying the gold and silver you own in a true SHTF scenario yuor gold and silver wont be as useful as you think
If black markets come into existence, the same reason you're there will likely bring the baker also there. See, the unit of "market" is a "trade" and that needs two.
And ofcourse a financial crisis is near, what else, the entire purpose of governments CoVid-19 terror, was/is precisely that. The virus just served as excuse. It's > a decade ago that they "vaporized" speculators money - it was/is time for a rinse and repeat.
Why were gold & silver prices driven up crazy: due to suckers that let themselves be scared.
I was such scared sucker in 2011 buying when $32.
And I didn't sell when price was driven further up near $50 - I did nothing - I didn't expect it and it just wasn't part of my plan.
In meantime I learnt better. I continued buying silver, most at $15, some at $14.
And now today I sold at 10% loss (due to dealer margin) instead of 50% that it would have been just 4 months ago. Precisely the same silver I bought in march 2011, to the same dealer.
The rest I hold for the moment. I'll see what I do. My "junk" I keep, just because I like it. And some bullion too.
I won't hesitate to continu selling in case it delivers.
And I also won't hesitate to buy it back when the financial world is colored red and suckers sell at bottom price.
Come on, silvers price doubled in like 4 months, without any real reason - it's not the virus that closed companies, it's the government. Meaning they can just revert their economical crap, while keeping their further freedom restricting crap, ofcourse.
2008-2011 also doubled the silver price, but there was a crisis going on, while now it's not even arrived yet. That means *switch* reverse thinking.