By all means keep little silver or gold in the case the whole society collapses or for emotional reasons. You don't have to defend it. You have to defend the argumentation you arrived into it.
The problem I had your comment was the rationalization for what you did.
When US was trying to hold to gold standard, population growth was high and the country was barely industrialized, you could expect inflation. None of the reasons that applied then apply today.
(Gold standard is similar to debt in denominated in foreign currency. It can cause out of control inflation and even hyperinflation.)
I understand there may be flaws in my logic, but what flaws were there? You basically said I was wrong and the market believes otherwise, but you didn't explain how my beliefs on the varying velocity of money wouldn't or couldn't create inflation in the next year or so.
That chart kind of proves my point though. People are moving from stocks to bonds as risk in stocks increases, yet the long-term outlook of the economy(10+ years) is largely unchanged. Despite this, the government is injecting tons of money during a time of a global quarantine that will eventually be lifted. When that lifts, people will buy a surge of supplies that they are depleting during this time, leading to a spike in demand in most things. Am I seeing this wrong?
That spike in demand will pass, and we will (we hope) settle down to a steady state. That steady state is (in the market's opinion) not much different from the steady state that we would have had without the pandemic. That's why the market is still predicting the 10-years-out state as being the same as it predicted before this crisis.
The problem I had your comment was the rationalization for what you did.
When US was trying to hold to gold standard, population growth was high and the country was barely industrialized, you could expect inflation. None of the reasons that applied then apply today.
(Gold standard is similar to debt in denominated in foreign currency. It can cause out of control inflation and even hyperinflation.)