Yes you can't eat silver or gold bullion, but you can use them to buy goods in short supply or under the counter if there is hyperinflation. You can also protect your wealth from inflation and convert to fiat money as required in order to buy food.
The whole point of investing in PM's is that they protect your capital from erosion due to inflation. With negative real interest rates the return on bonds is likely to be less than the real rate of inflation.
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