Would silver really be best for barter?
by Dr. Jeff
Of course, silver can and is being used (more and more) in barter situations.
But that's not to say that other things might work better.
I think it depends on the conditions or the reasons why bartering might be necessary.
Most people will take the barter scenario all the way out to 'end of the world' situations.
In a panic, a currency collapse, or during a hyperinflation, what you use, might depend on what phase we were in.
One consideration is that as black markets develop and mature, it may be safer to barter with cheaper items.
Food, clothing, other necessities might work better rather than parting with 'that which will mostly likely become' a 'Tier 1' asset.
Junk gold jewelry might be better in a black (or gray) market situation.
Trading with an old ring or a few links from a gold chain (void of sentimental value) could be safer and/or more efficient than whipping out a big shiny coin worth considerably more than what you are trading for.
What do you think?