UrbanSurvivalSkills.com received this this comment via e-mail: "I really appreciate the practical information on your site, without all the 'kill Bama' crap you get from most sources. I've done my homework and collected my emergency food, learned heirloom gardening, purchased a few firearms with ammo... But I can't wrap my head around the Gold and Silver.....I keep some bug out cash on hand, but after paper money has lost it's value... I'm having trouble picturing anyone trading a box of ammo for a silver coin. I certainly won't be selling any of my ammo for a hunk of metal. A bag of rice on the other hand? I just tend to think of food, tools and labor being the only real currency after TSHTF."
UrbanMan's comments: I rarely get around to other Survival Sites, but I have not seen any real radical written crap about anything including threats to President Obama. It would be unfortunate if Survival Sites became known for that as it would feed one common perception that people who are taking responsibility for their own lives and prepping for bad things to come, aka SHTF, are extremists or even racists. Nothing in my interaction with preppers leads me to believe that most of us are like that. Still you have Homeland Security reports about lumping gun owners, veterans and survivalists with extremists,.....go figure.
I think you are on the right track,...food, firearms, preparing to grow your own food. Keeping some Bug Out cash on hand is also a good idea. I look at Gold and Silver,..primarily Silver,..but the same concept,....as another necessary survival item. The long term value of precious metals is anyone's guess, but I am pretty certain that there will be a time span after the dollar starts to go south (more so than it is now) and before straight barter for food (primarily) and materials (secondarily) where Gold and Silver will be a commonly acceptable (and perferred) commercial exchange method.
Plus these are facts or opinions weigh on the side of having at least some physical silver or gold:
There will certainly be an instance or two of a survivalist bartering with another who does not really need anything, but precious metals may make the deal.
There are just way too many people, among the respected financial advisors and even the unknown that recommend buying physical gold and silver.
If and when QE3 is announced,....QE is Quantitive Easing, where the Government prints more money further reducing the value fo the dollar, .....gold and silver will just go absolutely bonkers. Just way too many people saying you have to own it.
Here's a recent article from Chris Martenson's site: Prepare for Bullion Prices to Go Supernova
I started buying Silver around 1980 or there abouts, when it was $4.50 an ounce. I was lucky enough to inherit a large cigar box of Silver coins as well......I'm holding onto these for their Silver Melt value. I have even bought small amounts of silver rounds at $33 an ounce, just before it went up briefly to $50.
None of this is for investments. This is for straight survival purchasing during or after a collapse. Silver and the small amount of Gold I have hold the same significance to me as does everything else I have collected in preparing for SHTF,....firearms, ammunition, solar power systems, water storage, seeds (both non-hybrid and hybrid), sleeping bags, manual tools, dehydrated foods, cases of MRE's,....as well as all the vacuum packed food and canned or dried pantry food that I stock.
It's just my humble opinion that the complete Survivalist's would hold some Silver (and maybe Gold) just "in case". How much is necessary? I don't know. But say ten ounces in your safe or Bug Out bag is better than not having any at all.
Sunday, July 10, 2011
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