Why Preppers Should Have Precious Metals

Last Updated on February 17, 2023 by admin_hunter

I am often asked why preppers should have precious metals. Prepping is about taking control of your life and preparing for whatever challenges may arise. That includes food, water, and shelter.

The main goal of preppers is to be able to survive in the event of a natural disaster, financial meltdown, or monetary collapse. That means they need to have something that has a real value that will stand up to the test of time.

Why Preppers Should Have Precious Metals

Precious metals, like gold and silver, are widely regarded as safe haven assets. They tend to increase in price during times of economic uncertainty or when the stock market is volatile.

Preppers may not have a lot of money, so precious metals can be an affordable way to diversify their portfolio and hedge against inflation. However, they do come with some risks and should be purchased only after weighing your options carefully.

For starters, you should only invest in physical gold and silver if you’re sure that you can safely store them away. You should also be careful to buy from a reputable dealer with a good reputation, and make sure that you have a plan in place for storing your metals over the long term.

There are many ways to store precious metals, but some of the best include putting them in a secure location and using a lock on the door or windows to keep them protected from theft. Another option is to purchase an insured vault that you can store your precious metals in.

If you decide to store your metals in a secured location, it’s important to remember that they will need to be accessible in case of an emergency. Ideally, they should be stored away from children and pets in a safe and secure place.

Purchasing a security container and storing it at home is the most common option for preppers, but there are other secure storage alternatives as well. Some even build false walls, floorboards, and removable bricks around their homes in order to conceal their storage areas.

Some even opt to have their precious metals kept in private vaults, which can be a great idea for preppers who live in areas where it would be hard to secure their property. The vaults will require you to pay a monthly fee, but they’ll be far safer than keeping them in your home or in the hands of a thief.

The value of precious metals is based on their intrinsic worth, which is something that can’t be made up like fiat currency. They have historically held their value more than any other type of exchange medium, and they can be a valuable asset in the event that the world’s financial system is compromised or crashes.

Gold

Gold is one of the world’s most valuable precious metals, largely for its beauty and durability. This rare commodity has been sought after for thousands of years and is still valued today, both as a store of wealth and in industrial applications.

In times of economic uncertainty, investors may see gold as a safer investment. This is due to the fact that it can not be devalued in the same way as paper assets like bank accounts or stocks. This makes it a better option for those looking to protect their wealth in the face of global events that could threaten their financial stability.

The demand for precious metals will also fluctuate depending on the availability of these commodities, which can drive prices up or down as well. During an economic crisis, investors will often buy up as much gold as possible to lock in its value.

Preppers should consider buying gold in a variety of weights and formats to ensure they have something they can use during any stage of a collapse. This includes 10 gram bars, 20 ounce gold bars and even larger ones, such as the popular 1 troy ounce bar that weighs about 30 grams.

You should also consider storing your gold in a safe deposit box or at a specialized facility that provides secure storage for your precious metals. These types of facilities will typically have insurance and a guaranteed minimum amount of storage space, which is helpful in the event of an emergency situation.

Another reason to have gold in a prep is that it can help you make big purchases in the aftermath of an economic collapse. In a collapse, currencies may not be in use, so bartering will likely be the only way to obtain items and services. It would take a large quantity of silver bullion, silver rounds or silver coins to pay for a large purchase, such as an expensive medical procedure or a new car.

Having some gold in a survival scenario will give you peace of mind, knowing that your family has something that can be used to buy items in a time of need and that the money will not be devalued. This is particularly true in cases of a financial meltdown or nuclear fallout where banks and paper assets might lose value.

Silver

Precious metals are a great way to store cash and trade commodities during a disaster. They can provide the means for survivalists to pay for items they need in a post-collapse world without having to worry about losing their financial assets or paper currencies.

Silver is a highly recognizable precious metal that has been used as currency for thousands of years. It’s also one of the first five metals discovered.

In the modern world, silver is used in a variety of applications. It’s a critical ingredient for photographic film, and its properties make it useful for X-rays as well.

It’s also used in hospitals to combat bacteria that can cause infections. It’s an effective sanitizer, and it’s a component in antibiotic medicines.

As a result, it’s important to have plenty of silver in your preparedness supplies. You can get it in a variety of forms, including coins, rounds, and bars.

Coins are an easy and cost-effective way to amass silver, especially if you’re looking for a wide variety of designs. They are issued by government agencies and have legal tender value. Bulk cull coins packages are another way to build up your silver collection.

Bars are a more traditional form of silver, but they don’t have the same legal tender value as minted coins. These bullion pieces can be bought at a variety of online stores and are usually valued closer to spot prices.

For the savvy prepper, collecting silver is an essential part of a survival plan. It’s an ideal precious metal to have on hand because it has a low spot price and a high value per unit.

Buying silver is an excellent idea for any prepper, but it’s especially important to do so in the event of a collapse. It’s easy to accumulate silver, and the value of silver is likely to increase in value over time, making it a great investment.

Platinum

The chemical element platinum is a silvery-white metal that was first discovered by South American peoples and named after the Spanish word platina, meaning “little silver.” This rare and precious metal has long been used in jewelry as well as catalytic converters, electrical contacts, pacemakers, drugs and magnets.

Platinum is one of the most stable of all metals and is very resistant to corrosion, even at high temperatures, making it a great choice for many applications. It also has a higher melting point than gold and silver, which is important for applications such as catalytic converters in automobiles and jet engine turbine blades.

Like gold and silver, platinum is a good conductor of electricity. It is also a very malleable and ductile metal that can be easily shaped into wires. It also does not oxidize at any temperature, and is unreactive in common acids.

It is one of the most common precious metals used in jewellery, with more than 90 percent of its production coming from this industry. It is also used in the manufacturing of dental crowns and surgical pins, as well as being an anti-tumor agent.

As with most precious metals, the price of platinum can be volatile. This can make it difficult to manage your portfolio returns. Traders can buy and sell platinum futures, while investors can invest in ETFs that specialize in the commodity.

The price of platinum is relatively low compared to other precious metals, but it does not have the same level of liquidity as gold and silver. This can make it more challenging for preppers to manage their portfolios, but the value of platinum is still worth considering if you are looking for a way to diversify your portfolio.

Preppers can also consider buying other precious metals, including palladium and rhodium, as part of their portfolio. These metals are less expensive than gold and silver, but they are also much rarer.

Preppers can also consider purchasing platinum as a component of their barter trade in the event of a collapse. This is not a necessity for most preppers, but it could be a smart move to make.