Should Preppers Invest in Precious Metals? – Emergency Preparedness
Since the dawn of preparedness, the question has been asked: should you invest in precious metals?
I’ve always given precious metals a hard time because you can’t eat it, so why bother?
However, if you look back at history, precious metals have been used in someway or another and have been sought after by just about every single country.
Sure, you may not be able to eat it, but it’s still an investment.
In saying that, if you only have the means to buy food and water and other basic supplies like hygiene and first aid, I’d definitely start at those places first. Get those basic needs covered first and foremost, then move onto other investments, like precious metals.
One of the easiest ways to invest in precious metals is by collecting junk silver. Junk silver is affordable and because it’s already in small denominations, it’ll be easy to use should the need arise.
Something else that has been mentioned a lot is the need for precious metals for trade and barter. I have said in the past that it’s all about who you’re bargaining with and what they want. If they want precious metals and you don’t have any, then you don’t get what you need. But the same goes for just about anything, if you they want a pound of flour and you don’t have a pound of flour, then you don’t get what you want.
There’s always risk when it comes to any investment.
Look to the past, coins and precious metals have always held actual value, unlike paper money. In a crumbling society, depression, recession and economic crisis; precious metals hold their value and will often times raise in value.
In my opinion, investing in junk silver is one of the best options because of it’s small denominations and how easy and affordable it is to acquire. Get a little bit at a time, you don’t have to get everything at once, but just get a little bit here and there and grow your collection over time.
I get my junk silver from PatriotGoldSupply, they’ve proven themselves as a reputable dealer and they have great prices and service.
If you buy gold; Buy it in amounts smaller than one ounce gold pieces. During the old west; Spanish dubloons were widely accepted. Because you could divide it into eight pieces.
A one ounce gold piece costs over $1,000 right now. A five gram bars might cost you about $ 100.
Yes, I totally agree.