For many preppers, investing in silver is a practical strategy to safeguard against economic instability. While gold often grabs the spotlight, silver offers a more affordable, tangible asset that has shown consistent growth over time. Personally, I started buying silver when it was around $8 an ounce, and now it’s valued at over $33 an ounce—a return on investment that speaks volumes. This surge underscores why silver remains a compelling option for those looking to diversify their assets and hedge against inflation or economic crises.
Buy Local
One of the best ways to invest in silver is by buying locally. Local coin shops often have a wide variety of silver coins and bars. Plus, buying in person means you can physically inspect the silver before purchasing, ensuring you get authentic, high-quality metal. It also saves you from shipping fees, and, importantly, you can make the transaction anonymously, which aligns with many preppers’ privacy concerns.
Online
When it comes to purchasing silver online, there are a few precautions to take. The internet is filled with reputable dealers, but there are also plenty of scammers. If you’re new to buying silver, it’s easy to get overwhelmed by online offers, especially when prices seem too good to be true. Avoid marketplaces that don’t specialize in precious metals, and steer clear of sellers offering substantial discounts; these are often signs of counterfeit products. Stick to well-known, trusted dealers with positive customer reviews and transparent pricing.
Ultimately, silver is a solid investment for anyone looking to prepare for uncertain times. With its rising value and practical use in various industries, it’s a versatile asset. Plus, holding physical silver means you can directly access your investment without relying on digital platforms, making it a wise choice for those prioritizing preparedness and security.
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.
1. If I can’t eat it, drink it, or use it to defend myself, I don’t need it.
2. 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?
The truth is, precious metals are essential for survivalists to help you stay prepared for all sorts of upcoming turmoil.
Below, you’ll find rebuttals to the common misconceptions about gold and silver and how they can literally save your life when the SHTF…
1. “If I can’t eat it, drink it, or use it to defend myself, I don’t need it.”
Precious metals have been used as a stable store of value and a medium of exchange for thousands of years. Although you cannot actually eat, drink or use it to defend yourself you can use it in barter or trade to get any potential needed items.
For example, if you are trying to trade with a neighbor for ammunition and you only have water, food, ammunition and first aid, chances are, he/she has those exact items also. You need to pay with something that can be used as a medium of exchange so that your neighbor can buy whatever he/she may need from someone else.
You won’t always know what people may need in a barter or trade situation. That’s why having a form of currency is essential!
2. “I’ll just get stuck buying some worthless coins and never get anything out of them.”
I say this to prospective precious metals buyers, it seems like, a thousand times a day:
“Stay away from collectible coins! Don’t do it!”
Collectible coins, or “numismatic coins,” are like art. Their value is largely subjective. Therefore some people might pay millions of dollars for the Mona Lisa. Personally, I wouldn’t pay 20 bucks for it!
Don’t put yourself in a hard spot to try to get a buyer who will pay as much as you did to get some mint special coin. The liquidity just isn’t there when compared to gold and silver coins, bars, and rounds that are traded at their melt value.
So Buy BULLION!
Bullion is the term that is used when trying to buy precious metals closest to the spot (sometimes called stock market) price. Ask your buyer, if they don’t have it listed, how much over spot you are paying per ounce. The price of gold and silver is fully transparent and can be determined by the clock around the world. Getting the lowest price per ounce is generally the smartest choice.
After the 2008 real-estate fiasco, the economy was trash! In 2011, however, silver jumped up to $40 an ounce even though the rest of the country and economy were still trying to pull themselves out of the grave. Precious metals are not only a good option for a survivalist perspective but they also help to hedge against inflation and perform well in periods of economic turmoil.
What You Need to Know for a Survivalist/SHTF Scenario
In a barter/trade situation, it’s important to remember that having different sizes and metals is always smart. Having Pre-65 junk silver is a great option, it is in smaller fractional sizes, and, because it is 90% silver (containing 10% copper), it will wear well being handled more frequently.
Silver rounds, especially in the smaller fractional sizes, is also an attractive option. For larger barter situations consider getting some gold. Compared to silver coins fractional gold coins carry a larger amount of value in smaller sizes.
As a result of government racking up a national debt of over 19 TRILLION dollars and climbing, it’s time to start preparing for our currency to be obsolete in SHTF scenarios…
Finally remember: “You won’t always know what people may need in a barter or trade situation. That’s why having a form of currency is essential!”
Dan Novak is an avid survivalist and precious metals specialist at Money Metals Exchange. Staying educated on economic turmoil and maintaining a survivalist mentality are incredibly important in the world we live in today.
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I’ve seen a million ways and tricks online to get pre 64 silver. In an effort to test them out and pass it along to all of you I’ve tested most of them. I’ve tried getting change from small laundry mats, getting rolls of half dollars and so on. I’ve failed to get any silver with any of those methods. Not one single silver dime, Between reading and thinking about my resources though I figured out a trick that has been bringing me a few silver pieces a week for face value. This trick is in no means should be your primary way to invest in silver. It is too uncertain and random. Leaving such an important part of your financial planing to chance is stupid. I would rather you head to JM Bullion or a local coin shop. As an addition to your silver purchases though this is great. Since I’m not an annoying fear mongering email marketer I’m going to tell you all about my trick for free! Let’s get into the details so you can start adding silver for face value.
Before I got into the prepper/ Survival movement my savings and investments were scarce to say the least. I was easily one of the “sheeple” With no savings account at all, nothing contributed into 401(K) or any retirement plans. I, like many lived from paycheck to paycheck and was utterly screwed if an emergency came up. Since then I’ve gotten smart. I have contributed to a retirement plan. Although I’ve hated it for now to invest stronger in another area. I have a emergency fund with almost 2 grand in it. I have some money in stocks that I keep an eye on to sale quickly if needed. I keep some money in cash stashed in various locations in various denominations. This is somewhat depleted at the moment and I’m going to focus on building it. My favorite investment though and the one that has proven the most profitable has been Silver.
