Archive for Gold and Silver

Buying Gold for Bartering and Prepping— Why is it Important to Have Precious Metals for Trade

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A common question asked by people preparing for a disaster situation in the future is whether they need to stock up on precious metals like gold and silver. These are supposed to help in trade and barter when something bad does happen. Gold has been used for centuries as a way to trade for other goods and services.

Whenever an economy collapses, people turn to precious metals for something solid in their lives (no pun intended). If you want to buy gold reviews are generally on the positive side. However, the metal is heavy. This can’t be denied. Is a stockpile of heavy gold the best way to prepare?

It is a good idea but…

Of course, a small amount of gold in your preparation kit is a very good idea. We say a small amount because the metal is both heavy and expensive. This means that having a large amount of the item in your bag is not a practical choice. For an idea of just how heavy the metal is, imagine a block that is just one cubic foot in volume. The weight of a block of this volume would be about 500 kilograms, which is over 1200lbs!

While it is a lovely thing to have in large amounts when the world falls apart, it is best not to keep it as an emergency item in your bugout bag. Instead, having a store of gold at your emergency shelter or bunker is a good way to make sure you have a base of operations as well as a stable form of currency to trade with when it is necessary to resupply on your essentials like food, water and weapons.

Types of gold

Bars – These are one of the heaviest types out there. A single bar can weigh about 27 pounds. It is also incredibly expensive. In fact, you could buy and build a great defensive shelter for the cost of a couple of these bars. Having big bars is definitely not one of the best ways to be prepared for post-collapse trade. The thing you have to remember is that nobody is going to have change for the big bars. After all, it is a survival situation, not the Federal Reserve.

Gold powder – This is definitely one of the better ways in which to have gold for bartering. It is an easy way to measure nearly exact values for trading with. However, it can be hard to find unless you spend a week filing bars of gold down into powder. It is also really easy to misplace and get blown away in the wind. Even without currency, a loss of gold powder is going to hurt you to no end.

There are so many more options that you can choose from when you are considering buying gold in preparation for a survival situation. The best advice that you can follow is to think practically before you leap into a purchase. The last thing you need is to be lugging around a survival bag that weighs more than you do while trying to escape from the hordes of zombies out for your blood. Consider all the types of gold that are up for grabs with a rational mind. In addition, make sure you think about the importance of gold compared to essentials for survival. With the right thought processes and the motivation to be prepared, you are sure to be game for anything that comes your way. Good luck, trade wisely, and stay alive.