Buying privately minted precious metals-Good idea or bad?
As more and more private minters appear in the market place I have been considering adding some of these private rounds and bars to my holdings. On the plus side they usually have a much lower premium than minted rounds for the U.S. Mint like the American Silver Eagles which currently have a significant premium over spot. So my line of thought is this...many of us that have become part of this Peak Prosperity community tend to think that at some point the U.S. Dollar may collapse, hence the reason we store at least a portion, if not significant portions of our wealth in tangible assests which include gold and silver.
Taken a step further, let's imagine it does come to pass and the dollar collapses. Commerce may stumble but it certainly won't grind to a halt. Hopefully it just transitions over to a non fiat based currency, i.e. silver and gold. In this scenario is where my hesitence lies on private minted items. Will they be as readily accepted as government backed minted rounds and bars. The US Mint guarantees all coins made within its umbrella but privately minted rounds have no such protection, at least not I’m aware of.
Look forward to hearing any insite or opinions you all might have?