Advice needed on buying silver

[Tibbs735]

I am considering buying some silver, a mix of 10 1oz Silver coins from a UK bullion site for around £195. Precious metals are fairly low down on my list of priorities for preparedness, but I've been thinking about the farmers who lost their land in the great depression because they didn't keep up with debt repayments.

This is the strategy I am considering:

Buy the silver now, but wait until the price inevitably skyrockets as a symptom of the failing global economy. When it is much higher, sell off the silver, and use that money to eliminate a large amount of student debt.

Why am I worried about student debt?

Even without a collapse, there is discussion in Whitehall atm about raising student loan interest to make the government owned student debt more attractive to buyers. Student debt is seen as a sacred cow, but I am thinking that it is a very useful nose-ring on this generation (Which has been strongly encouraged to attend university.) What do you guys think about this