Keep it simple - the point is the metal, less so the veneer. Don’t pay a premium for limited editions, fancy designs, etc.There are others, but they aren’t a fit for prepping. Pick from gold, silver, platinum, and/or palladium.Most people buy coins or bars in 10 gram, 1 oz, 10 oz, and 100 oz varieties, with 1 oz options being the most common because it’s a decent sweet spot of economics and carrying weight.But you can keep metal lookin fancy with plastic protectors like these Air-tite holders for American Eagle coins. Metals are pretty durable and typically don’t have special storage needs other than security.If the metal arrives in a sealed plastic container, leave it in! Opening it might hurt the value, even to the point a buyer wouldn’t take it without being re-assayed (re-measured) for purity.Experts recommend avoiding things like bank vault boxes and securely storing at home instead. If you can’t hold it in your hand, it’s not really yours. Whatever you buy, make sure you take physical possession of it.Most people’s combined mix of rainy day cash savings + metals + crypto is less than 6-10% of their net worth.If you’re into cryptocurrency, you should think of crypto and metals in the same spiritual category in your overall portfolio, since both are preps for local fiat problems and inflation.If you choose to hold metals at all, most reasonable people hold around 1-3% of their net worth in this form.They’re literally bartering in the form of disposable wet wipe packets (towards end of scene). In the Denzel Washington movie Book of Eli, the local shopkeeper doesn’t accept payment in cash or gold. Second, if we do get to that point, gold and silver are probably not going to make a comeback like some ancient Roman coin - if things are that bad, people will barter or trade based on commodities like food, water, or caffeine □ (The US Dollar hasn’t been tied to gold since Nixon moved away from the Breton Woods gold standard in the 1970s.) First, keep the sane prepping mantra in mind and recognize that chances are very slim we end up at the point where the world is using non-paper-money as the main store of value. But there are better ways to invest if your primary goal is to grow your money before retirement or SHTF, such as the stock market and real estate.Īnother common mistake is thinking of gold and silver as a form of post-collapse currency. Yes, they will likely appreciate over time where you could sell for a profit. Or you can skip alternative currencies entirely and focus more on the core stuff like food and water.ĭon’t think of metals as an investment, but rather a store of value. Cryptocurrency is a modern alternative that can fill many of these same roles. Ideally you’re also making progress on your retirement and health savings before buying this insurance, too.Įven then, it’s fine if you have no metals at all. no high-interest credit card debt), have covered the beginner prepper checklist, and have at least a few week’s worth of expenses set aside in cash. You shouldn’t consider buying metals until you’ve got your personal financial foundation in order (eg. You’re still going to take a hit on your other assets, but at least this will soften the blow and provide liquidity options. If, for some reason, other people or other countries and world markets stop valuing your form of currency, having some of your wealth in the form of metals - which other people/places might still value - means the wealth at your disposal didn’t crash as much as it would’ve if you had all your eggs in one basket. But it’s not always a sure thing, as it greatly depends on the nuances of the situation - gold did reach an all-time high in 2011 after the Global Financial Crisis (going from $1,000 to $1,870 in a few years), but it didn’t perform any better than the broader stock market recovery. During the 1930s Great Depression, for example, gold prices went from $21 to $35. Similar to how you’d store gas at home in a proper gas can to handle a cyberattack crippling gas supplies across the East Coast, precious metals like gold, silver, platinum, and palladium are tangible things you can buy to handle macro economic problems. The role of precious metals in prepping is to be an insurance policy that pays off during broad economic problems, such as your country’s currency going haywire. It’s unfortunate that this market has been swamped with scammy people and false advertising that scares folks into doing dumb things with money (like some of our grandparents). This guide is not going to scare you into buying gold because the evil Federal Reserve is part of some Illuminati Deep State bla bla.
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