There is a lot of discussion about the importance of owning gold and silver in the form of coins/bars in your physical possession.
And there are a lot of resources to consult on this topic.
But for the life of me I cannot seem to find a level-headed answer to this question: If my personal situation is X, and the US$ hyperinflates and/or economic system implodes (planned by WH's) such that an ounce of gold rises to $Y in value, how many gold coins do I need to survive for Z months?
Obviously there are a shit-ton of variables in that story problem. So there is no easy or perfect answer.
But is there a formula to use as a basis to begin answering this question for your unique situation?
I trust Anons... what are your thoughts, assuming you would ever be able to retrieve the gold that fell out of your boat into a deep, deep lake?
I don't think there is a definitive answer. I know that preppers say to stack gold and silver to preserve your wealth BUT that you can't eat and drink precious metals so make sure you take care of basic needs first.
So I guess first question is do you have food, water, medicine, and ammo to last you X amount of months? Do you have a store of barter items? Early on people will be willing to exchange necessities for a bit of silver and gold but later they will want something practical.
Perhaps someone else can address this but I've always heard that post SHTF (regardless of cause) silver will have more practical use than gold so it would be easier to exchange silver for basic need items.
The problem with gold is the cost. One ounce is running 2K and when you go fractional (1/10, 1/4, 10g) the premiums are way higher and not worth it to me. Silver on the other hand, you have one ounce at approx $26 per ounce after premiums. Not sure what the price will be after TSHF but that is where many of stackers buy older constitutional coins. Collect the most you can as the dollar is going south. As more banks fail in the next few weeks, the gov will be forced to print more money to cover bank deposits as the FDIC will not have the funds to cover all. PS - I started off buying lead, then went to silver and gold..