I have always liked the idea of having a small amount of PM’s to hand as an investment - they are more ‘real’ than stocks and shares. Plus, shiny. However I am also guilty of a slight smugness that if the economy collapsed I would still be able to buy bread and petrol etc as I have a liquid asset.
What I can’t understand is why PM’s would be valuable in this scenario. If the ATM’s stopped working and paper money became valueless what good is a lump of metal going to be? Why would someone be willing to trade something useful like food or clothes for a coin that will be untradeable as the market for electronics manufacturing is f**ked as well.
The more I research it the less sure I am, can anyone at all explain to me why?