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That increases the hassle factor

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for actually getting your money. Gold and silver, on the other hand, are treated as possessions rather than currency. If you want to sell them, go sell them and you’re done.As for the inheritance issue, the issue of a person dying without his/her relatives knowing what he/she has, has nothing to do with what form the assets are, and has everything to do with the will that person created (or failed to create). Anyone can go to the grave and take all sorts of bank accounts, stocks, bonds, mutual funds, etc to the grave with them if no one else knows they exist and/or has the legal authority to work with them after that person has died. We’ve talked about that on the list too. So that is not a reason to forego investing in gold or silver (or anything else for that matter).
As for the legal tender issue, some forms of both gold and silver are still legal tender. So whether your particular grocery store would accept them as legal tender is between you and your grocery store. That, however, would be a waste of the coin because their assessed value for their metal content is a lot higher than their printed value. Yet another demonstration that if the dollar loses value, the value of the gold or silver goes up. Which was the whole goal.
Again, if you don’t like the idea of working with gold/silver, then don’t.But let’s please make sure that if we give reasons for not doing something, then those reasons actually apply to the scenario being discussed. I mean no disrespect, but I felt compelled to show how those objections just didn’t quite add up.

Author:AMA