Preparedness Advice Blog
Tag Archives: precious metals
It seems like every year there is talk of an imminent economic collapse. 2017 is no different. With the economic deck stacked against Trump, I don’t have much confidence that he, alone, can turn things around. After all, the national debt is completely out of control and has doubled in the past 8 years. Sooner or later, the piper must be paid and preppers who breathed a sigh of relief when Trump was elected, may want to think again, as I wrote about in this article.
So, with continued predictions of economic collapse, I asked Mac Slavo over at SHTFplan blog to share with my readers his insights into how a family might survive following a collapse of our money system. …Read More...
There are a few common misconceptions associated with precious metals and how they may not be helpful to a preparedness plan for either a SHTF scenario or potential economic collapse.
- If I can’t eat it, drink it, or use it to defend myself, I don’t need it.
- I’ll just get stuck buying some worthless coins and never get anything out of them.
Although these are some generally popular perspectives, they are completely misguided and incorrect.
So how can precious metals be useful for survivalists when the economy collapses?…Read More...
Everytime I mention precious metals it seems to cause a controversy. Personally, I think that if you have your food and other preps, it doesn’t hurt to have some of your money invested in precious metals. The one statement that is always quoted to me is “you can’t eat it and no one will trade for it”. Under some circumstances this is probably correct, but there are other situations in which it will be very tradable.
Prior to a complete collapse, I believe that there will be a period in which we will have massive inflation. During this time, if you have precious metals you may have the opportunity to make some very advantageous trades.…Read More...
If you have your food storage and other preps in good order, now would be a good time to pick up some gold or silver as a hedge against inflation. Currently the Fed is printing $85 billion a month. There are two reasons the so called inflation rated is down, one the devious way in which the Fed figures inflation. Many factors that affect us are ignored. Second, the almost zero interest rates help keep the inflation rate down.
But look out when zero interest rates aren’t enough to keep the economy moving, this will lead to inflation. If you look at history, inflation always returns it is just a fact of life, at some point you will face it.…Read More...
Recently several people have talked to me about whether or not to invest in gold or silver as a hedge against inflation. . I know that some feel that precious metals will not retain their value in the future. So I am not going to give you advise about investments, but I will tell you a bit about gold and silver that you may find helpful.
Gold versus silver. I know people that have gold coins and they can be a good investment. However, in a trade situation after a major disruption to the economy, gold may retain a high value and it may be a problem to make an even trade. …Read More...