Silver is about 14 times face value of junk coins right now. So you wouldn't take "a sliver of silver" to the supermarket, but if the dollar crashes, you'll be able to use junk silver coins at their multiple of face value at the time (and they'll skyrocket), to keep purchasing power.
Silver is around $20/oz. right now, and cost of production is about 18. If you follow silver prices, they haven't gone below 18 for years. Cost of production is a floor, IMHO, because if value becomes less, mines simply stop producing until price goes up enough for them to make a profit. And unlike gold, there are a number of critical industrial uses of silver, so there is a steady pressure on supply.
I agree with the others that its more insurance against the declining dollar than an "investment", as such. I'm 65, and don't have time to wait for stocks to recover if we get another crash, or bubble bursting, so I'm looking at preserving capital, not making a lot of investment income. If you don't have enough by the time you're my age, the risk of losing what you do have outweighs the possibility of hitting it big in stocks.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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