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?
We’re not stacking silver for the SHTF moment. We’re stacking for AFTER that time.
We more or less have enough silver to replace our retirement investments should we lose everything in the market. It’s a long-term HODL for us until things smooth over.
I working towards my weight in silver. Why? Because it makes me feel good! And the same for ammo!
i like your reply, and a worthy goal, imo...but if it comes down to a choice between, you'll need the ammo to protect your silver...opposite, not sure your silver will protect your ammo??
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..
Ezekiel 7:19 They shall cast their silver in the streets, and their gold shall be removed; their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord; they shall not satisfy their souls, neither fill their bowels, because it is the stumbling block of their iniquitiy.
I do NOT know if this scripture pertains to those on the Evil Left who have stolen our money or if this pertains to us all. You decide.
Money can't save you is the message. It can't offer Salvation....you can't eat or drink it. Love of it (money/possessions) is an issue as well.
Right.
There's not a blanket amount that'll work for everyone. Personally, I'm at 20-20-20-20-20. Food-guns & ammo-cash-silver-money still in the bank. It's what I'm comfortable with.
As much as you can.
Don't try to do it all at once...continue to live your life in gratitude and joy, not in fear.
How much? This is a matter of your individual/family situation and the budget you set. General financial planning recommendations suggest 3-6 months of living expenses in your emergency fund. this should be immediately available to you. After you have achieved that, recommendations for your total portfolio are to include 5-15% of your portfolio in PMs. Be as aggressive or conservative as your personal and family situation requires. For TEOTWAWKI just stack to the moon.
A reasonable way to accumulate is to make purchases on a set schedule without regard to price (dollar cost averaging). If you have unplanned money (a bequest, an annual bonus, etc) put a substantial portion of that into PMs. And as you build your household budget for PMs, that should be a subset of total preparedness. For prioritization consider the use of the survival metric Rule of Threes - Air, shelter, water, food, interlaced with medical/hygiene and protection. And you can expand the value of these elements if your budget includes training.
What does success look like? It depends on your intent. Stacking for wealth preservation provides two benefits. First, if there is a monetary collapse or reset, you likely have something to offer as a medium of exchange (that's the role of currency) to carry you thru the financial reset. The second function provides the opposite - if there is NOT a collapse, you provide protection against inflation and a potential legacy for your heirs. In this scenario - wealth protection/preservation - PMs begin as part of your emergency funds, and then grow to an element of wealth and estate management. This is true even for those of us who have rather more modest "wealth" and estates.
if your intent is to protect against some apocalyptic scenario, PMs will likely be of limited value DURING the bad times. There will still be trade and commerce, and PMs can still be a medium of exchange, but probably pretty limited. For most common daily life goods and services, barter will be the most common medium. But AFTER the "event", with the restoration of stability, PMs will take on a larger role as currency. Of course, this is all highly speculative as we all try to envision a time we don't want to see
Think of it like this. Silver is $23 an oz. So holding 1 coin gives you aprox $20, maybe more depending on sevarity, desire. What gets you $20 in the store? If we get to the point that cash is gone, and silver is your barter, then you have $20 worth of silver in your hand. How far will you get?
Now think about this one, complete society collapse and we are living in a mad max world. Will that coin mean anything? Food and bullets become more valuable.
Precious metals depend on a society for it to be worth it. Once society collapses, precious metals become a worthless. I dont believe we are headed towards mad max, but i do believe we are headed towards financial collapse. Ask yourself, how much do you want to hold to make yourself comfortable? And in the off chance silver and gold go to zero, do you have enough food and bullets?
Find the balance. There is no wrong answer. Just dont put your eggs in 1 basket.
After the financial collapse, Gold and Silver will be worth tons of money.
I agree. But post collapse, pre revival, that time between would be bad. Not mad max, but bad.
Central banks are stockpiling gold. Why?
I buy metals as I can afford them, since I'm retired and don't have a hell of a lot to spare from monthly living expenses. We've got over ten grand in gold, at current prices. Not quite sure how much silver we've got as it depends on the daily price of silver, and I don't watch that quite as closely. But I still buy silver when the opportunity presents itself.
For a complete collapse:
Cash is good for 2 weeks at most after complete economic collapse. You might be able to trade gold and silver with certain people, but hauling around gold nuggets isn’t practical nor does it off any intrinsic value during a collapse. Metals really only have value in a functioning economy. Ammo and food are the only true immediate forms of currency.
For a massive downturn: yes gold and silver are good to have. I’d say whatever liquid cash you have, take a fourth and buy metals. And call it a day.