Why Gold & Silver, part 1

Two college friends discuss the monetary system, inflation, precious metals, and the reasoning behind what makes gold and silver an attractive acquisition at this point in history. A masterclass on "The Nature of Money". (27:45 total runtime)

Time compressed by 15%. Despite many filters, there is an audio artifact I couldn't get rid of; slap-back of speaker / mic.

Topics and Sections:
1:35 - Currency vs. Money
3:00 - Third Party Risk
4:05 - 401(k) and IRA Racket
6:40 - Why Gold & Silver?
9:10 - Federal Reserve Note vs. Treasury Silver Dollar
15:35 - What is Junk Silver?
18:20 - Estimate the Value of Junk Silver
19:40 - US Dollar Backstory
21:00 - What is Money?
23:30 - Gold, Silver, or both?
26:10 - Where Do I Start With Small Savings?