Maybe GOLD will save you when the SHTF? Let's take a look!!

After talking yesterday about if silver could save your ass in a SHTF situation, today I'm going to cover silvers big brother "GOLD", and if its a better option...

YOU CAN'T EAT GOLD -@welshstacker

Buying Gold For Survival

The problem with buying gold for survival is that it’s expensive. Although buying gold is essential for survival, buying large gold bars, gold bricks and ingots is probably not a wise move. Not only does buying gold in large amounts make you a target for criminals, but it certainly makes things a lot harder if you need to pop out to buy a pint of milk. Unless you’re purchasing an expensive item, paying for smaller items with large gold bars will be difficult because unless the seller has some kind of change, the chances are you are going to overpay.

Although there is no doubt that gold bullion should make up part of your survival investment portfolio, you will need to calculate what is the right amount of gold to be holding for your specific situation. Bear in mind, that when a financial crisis hits you are more likely to be wanting to survive as opposed to be purchasing lavish items so stockpiling ounce upon ounce of gold bullion just for survival is probably not the best idea. Diversify your portfolio as much as possible and ensure you have enough of everything for every possible scenario.

What Gold To Buy For SHTF?

As with buying silver, when you buy gold for survival you should carefully plan and diversify your investment. Below I'll briefly discuss the most popular gold invention options for preppers.

Fractional Gold Coins

Although it’s advisable to stock up on some larger denomination gold coins, you should really consider investing the majority of your gold coin budget into fractional gold coins that are valued at lower premiums. Similarly to buying gold bars and ingots, you will require fractional gold coins to ensure you don’t overpay for supplies and can barter and transact much easier in the case of SHTF.Fractional gold coins can be purchased singularly making them an affordable investment whilst you prepare for a crisis, alternatively most popular gold coins can be purchased in rolls or tubes, usually of 10 or 25 coins. For US readers, as with SILVER I advise purchasing Gold Eagles, if you are based in Canada, the Gold Maple Leaf and if you live in the UK, the Gold Britannia. All of these coins are available in rolls and tubes and the smallest weight available is 1/10 oz making them ideal for gradual investments and making purchases during a financial disaster.

Scrap Gold

Scrap gold should make up a small percentage of your SHTF precious metal collection. We suggest collecting a variety of 9ct, 18ct and 24ct gold jewellery and other small gold items that could later either be traded or smelted into gold bullion bars and ingots.

We don’t recommend buying scrap gold coins since they will have higher prices due to being more attractive for coin collectors. Unlike older silver coins which are valued more on their silver content, gold coins can attract much higher interest from collectors and you are likely to pay over the odds.

How to Store Gold & Silver For Preppers

So now you’ve bought your gold and silver for survival, you need to find somewhere safe to store it. If history is anything to go by, investors of precious metals will become targets in times of financial crisis. Whether it be unwanted attention from criminals or even from the government (who famously confiscated gold and silver from citizens during the Great Depression) you need to ensure your gold and silver is A) inaccessible to others and B) easily accessible for you. It’s a difficult balance.

Gold Storage Options

Storing precious metals in banks or safety deposit boxes may sound appealing to you. This method of storage will no doubt keep the criminals at bay, and insurance is available in case of theft, but, the problem with safety deposit boxes is they are stored inside the bank. Today your precious metal is easily accessible, but when a true breakdown of society hits, just how accessible will they become? Chances are you can kiss good bye to your beloved bullion.

A popular storage option for preppers is to store silver and gold is at your own property. However, this does come with its own “obvious” risks. As long as you don’t tell everyone who’s everyone you have hoards of gold stocked at your property, you should be alright, but you still need to be careful when it comes to storage due to preservation and accessibility.

First things first, you should buy some protective sleeves and covers for your bullion so to protect it from the elements, scratches and wear. All new bullion coins and bars come with protective sleeves but if you have purchased secondhand gold and junk silver it makes sense to preserve it is much as possible.

Cold temperatures are ideal for gold and silver, whether it be a discreet container in your fridge/freezer, a secret compartment under your floorboards or some unused plastic pipe from an old plumbing system, there are lots of suitable hiding places for gold and silver around the home. Just remember to take a mental note of everywhere it’s hidden, the last thing you want to do is forget where you’ve stored it!

When Do I Make Money On My Investment?

As opposed to just buying precious metals as a trader would and selling them a few years later for profit, buying gold for survival purposes is primarily about converting fiat currency to a physical asset and enjoying any profits later when it becomes critical to sell.

The gold and silver you purchase now, should be used the same as any other survival supplies that you purchase – to be used only as and when you need it. There’s no point keeping an Eagles eye on the market expecting to get rich overnight. Instead, play the long game of protecting your hard earned cash by hedging it against inflation in the form of a physical asset.

Keep an eye on prices and when gold and silver is on a low add a little more to your stockpile. Just remember, when buying gold for SHTF you need to forget the trader mindset of buy low and sell high. By all means by low, but only sell if your life depends on it. You’re a prepper, not a trader and if a financial crisis never happens, in your later years you will be sitting on a highly profitable nest egg of precious metals that you can either enjoy yourself or pass down to your family as inheritance.

Will Gold and Silver Hold Their Value In The Future?

Survivalists and investors believe that the price of precious metals such as gold and silver will increase in the case of a survival situation. It only makes sense that if the stock markets turn bearish, that investors and traders will turn to precious metals as a safer vehicle for their investments.

During the credit crisis of 2008, markets crashed, prices dropped rapidly and the precious metals market was flooded with new money. Although previous price history is not a solid indicator of future results, it proves the psychological concept that investors seek safer and physical investment products during times of crisis.

In the long term, physical gold and silver is considered a stable investment with value increasing pretty much year after year. Although the market has seen a few peaks and troughs, most preppers and survivalists see silver and gold as a financial safeguard and sound investment opportunity both for wealth preservation and day-to-day transactions

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