Preppers’ PING!!
All money is imaginary. As soon as people lose the faith in the currency it is worthless. Stockpile necessary items for trade or trade your talents (assuming there is enough of a civilized society left) It is a good time to be old. Lead in a deliverable for is the one exception.
Thanks very much, Kartographer!
silver and gold are representations of wealth that cannot be easily diluted or forged.
throughout history, gold would be about 40-50 silver (ounces here). today, it’s about 75 silver per gold... very high.
when the shtf, all paper currency will be worthless. commodity assets like fruits, meats, grains will have value. as will medicines and modern products like cigarettes, generators, etc. as production is no longer within the US, scarcity will make the value of most goods skyrocket.
the fact that people are planning for such a contingency is thanks to the left. remember that the next time you run into a liberal or see 0failure on the tv
I like dimes. Those minted in 1964 or earlier are 90% silver and you can pack more in a small volume than any other denomination of coinage.
Pulled out a couple thousand last month. They had trouble ponying up the cash. Had to accept different denominations.
Also got the “know your customer” inquisition from the bank manager...at a bank where I’ve held accounts for 15 years.
Perhaps the most interesting change at the bank is that both tellers and the manager were Indians (of the dot in forehead variety).
We live in interesting times.
If you are prioritizing staple and supllies then you must be in an impregnable bunker to stay in place for months or longer
But many folks can’t stay put
They have to consider a bug out plan
Junk silver and small denomination gold coin carries easier than cases of baked beans, sacks of flour and cases of toilet paper if you have to strike out and hope to end up in a safer friendlier place and than start trading for supplies
And if you never have to eat your gold , you can cash it in to pay for land, college or a wedding
Cash needed to buy prepper stuff now?
More cash and silver needed when SHTF?
I am so screwed.
I noticed that on Ebay 1964 silver quarters always get a premium. Ammo will be in high demand. And Tacos or guacamole, OLE’!!!!.
Thank you for another good post Kart.
IMHO - precious metals might be nice to have as you prep for the apocalypse if you have some money left AFTER you have enough food, ammo, seeds, tools, etc., etc., etc. to last a looooong time.
You can’t eat a silver dime or a gold ingot.
Silver should be had for small purchases. “Junk” silver in the form of pre-1965 Dimes and Quarters will become very valuable. To put your mind around it, a silver Dime might buy a full meal for two or even four. A Quarter might buy a piece of clothing. An ounce of silver used to be a day’s wages. It might become that again once things settle down.
A full silver ounce bar is just worth 10 Dimes (which are 1/10th ounce), so it is like having a big bill. However, people may not trust that bar, so a Silver Dollar (US Silver Eagle) would be advisable. They cost $1-$3 more than junk silver per ounce but they are a larger storage of wealth. A good idea to have some and not silver bars, which usually have a stamp of authenticity but people may not trust them because they don’t know those stamps. I don’t know them, and few people do.
So, yes, pre-1965 Dimes and Quarters and Silver Eagles from any year are advisable.
I say hoard hand tools, cutting tools, sharpening tools.
Chase says you can’t store cash or bullion coins (only collectibles) in your safe deposit box. WTF?
There are some good (and humorous) comments here....but we MUST remember to look to God first. Most have made some reasonable preparations but our MAIN trust should be on God first and then what He leads us to do.
Even those of us who prepare can forget that at times. ;-/
AND...it was our lack of trust and dependence on God and His ways that got us all into this mess in the first place.
Thank you very much!
Holding physical gold will store your wealth and keep it from getting a “haircut” as Greece has had, and will see again.
For day to day purchases (other than doctors), silver or barter is preferred, IMHO.
I have traded silver in the past and will only take junk silver or Silver Eagles (preferred). Way too many Chinese fake items to consider no-name PMs .
If you think you may have to flee, gold is the easiest to carry, but if you have a fixed position, there are other great trade/currency type items.
Lead WILL become the new small change. 1 pound ingot molds are common, and the silver dollar shaped bottom of an aluminum pop can casts 1.3 pound pieces. A thousand pounds of lead takes up little space, needs little in the way of storage, and can be had now for around 700 bucks or less. Will triple or more in value quickly should it be needed.
Liquor has an unlimited shelf life, and has long been used for trade.
Bleach will be the new gold, but it is shelf life limited, somewhat.
The major net and cellphone disruptions yesterday rattled me a bit. Topped off the gas tanks today, may do more before the weekend.
Even a tiny amount of gold is worth too much to buy and/or trade for food and other essentials.
I suggest silver, such as silver “rounds”, as a potential store of value or future “money”.
HOWEVER, in a true breakdown, barter items may be king at least for a while. Toilet paper, disposable lighters, batteries, etc.
I prefer American eagles. look and feel of currency - recognizable and hard to duplicate.