Prepper Money

What is prepper money? Some people say it is Gold, Silver, and other precious metals or gems. Prepper money, in my opinion, anything of value that can be traded, bartered or exchanged for something you may need in an SHTF situation. Below we will discuss some of the things that can be used as Prepper Money. Not necessarily in order of importance

Let’s begin with precious metals Gold and Silver are the most common I have both gold and silver in my safe. Most of the gold I have is small gold coins and bars mainly because if you have to use it for trade it will be easier to deal in smaller amounts. I mean do you really want to hand someone a 1-ounce gold coin for a box of 22 rounds? You can purchase gold coins and rounds in 1/10, 1/4, and 1/2 ounce as well as 1 ounce. Bars can be purchased in 1 gram up to 1 kilo 32.15 ounces. Silver is less expensive to purchase and would be much easier to trade a 1 ounce American Silver Eagle than 1 ounce of gold. Sliver can be found as coins, rounds, bars, and even bullets. You can also find junk silver. All silver coins struck in 1964 or earlier were minted with 90% silver and 10% copper. My personal holdings include all of the above. If your interested in purchasing precious metals of any kind check out Money Metals Exchange.

Next up Ammunition, this will be a valuable commodity when the stuff hits the fan, You will need it for self-defense, and hunting to feed your family. I keep a minimum of 1000 rounds for each firearm I own note I said each weapon, not each caliber. I also have a few hundred rounds of calibers I don’t own I have these to use as trade or on the chance that I somehow aquire one of these calibers. Places to look for inexpensive ammunition are gun shows, sales at sporting goods stores, I purchase most of mine at gun shows or search for it at ammograb.com. Even though I list ammo and have some for trade I plan to be very careful who I trade it with you don’t want that same ammo being used against you later.

Medical supplies will be needed everything from bandaids to Tylenol stock up on anything and everything dollar stores are great for this.

Hygiene Items running water and clean bathrooms are a thing of the past.  Toilet paper, baby wipes, hand sanitizer, soap, and toothpaste. Also stock toothbrushes, dental floss, and mouthwash. Stock up on the toilet paper you can get the best deals and large quantities at places like Costco, Sam’s Club, and wholesale restaurant and maintenance supply stores. Don’t forget feminine hygiene products even if you don’t need them you can trade with your neighbor who has a wife and daughters to worry about.

Alcohol and tobacco will be another of those items that people will be looking for post-collapse. Keep some around even if you don’t use it yourself it will be a good barter item.

Food and water will be the most sought after without it you won’t survive. If you have a garden you can sell or trade fresh fruit and vegetables for other items you may need. If you have a cow or goats you can trade milk. Or stock up on freeze-dried foods and MRE’s. Contact Legendary Survival and ask about their bulk buying program. With the bulk buy program, you can purchase Food Storage and many other products in bulk at close to wholesale. Use the link above or email them at [email protected]

These are just a few of the items that we keep stocked around our homestead including the cows and goats. You undoubtedly will think of many more as we have to add your suggestions just leave a note in the comments.

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Yes, Gold “Just Sits There” and That’s Quite a Feat

 

The Wall Street Journal’s Jason Zweig famously referred to gold as a “Pet Rock” in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.

The valuable roles which gold play have been well covered here. It’s a hedge against both inflation and deflation, it represents true diversification for portfolios stuffed with conventional securities, and it is a way of protecting wealth during tumultuous times.

But Jason Zweig, Warren Buffett and other notable gold critics who complain about the metal “just sitting there” fail to understand the flaw in their basic assertion.

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What they believe to be a potent argument against gold is, itself, one of its great attributes. An asset which can “just sit there” forever, largely impervious to outside political and economic forces, is extraordinary.

A gold coin or bar never degrades, is always valuable and is uniquely insulated from risk. What other asset can deliver such assurances over the next 100 years?

Not Stocks…
Warren Buffet and Jason Zweig are big proponents of stocks. However, they will have a lot of trouble choosing a company today that will still have value 100 years from now.

Most of the top publicly traded companies from a century ago are gone and forgotten.

In order to grow an equity portfolio, investors have to take on significant risk. They must actively manage which shares are held or buy an index fund. While an index seems like the safer bet, there is no certainty that that an index purchased today will still be functioning well into the next century.

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Over that time scale it isn’t even clear whether the current financial system, laws, and property rights will persist uninterrupted. Meanwhile, a privately held gold coin can sit there hidden away, independent of all these risks.

Not Real Estate…
Land is tangible and its supply is limited, two important characteristics which it shares with gold. However, it is not private, portable, or liquid. Taxing authorities can, and probably will, continue taking full advantage of the fact that property owners can neither hide nor escape their purview.

Landowners who intend to hold for the next hundred years must also accept geopolitical risk. There is no telling when, or if, the nation might succumb to the forces of socialism and property rights disappear.

Investment real estate might be a winner during normal times, but, over the next ten decades, that is by no means a given.

Not Bitcoin…
Cryptocurrency offers some promise, and there are many reasons to hope it succeeds. There is nothing the world needs more than honest money, and crypto has that potential.

However, Bitcoin and other tokens should be viewed as technology start-ups. The amount of risk in picking a “coin” and holding it over the long haul is exceptionally high.
There are major hurdles for the technology to leap in terms of scaling. And there are lots of tokens competing for adoption. Some may well succeed, many, if not most, are likely to fail in just the next few years.

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Picking long-term winners and losers will be very hard to do, particularly given the entire technology landscape continues to evolve.

Many proponents insist that Bitcoin is already a great store of value. That is a gross mischaracterization. There is far too much risk for that to be true. It may never be true.

Not Dollars, Not Bonds…
Gold, which “just sits there” retaining value over time, looks even more compelling if the alternative is holding cash which is guaranteed to depreciate. It looks downright irresistible compared to something like government bonds redeemable in the fiat currency of some insolvent government.

Nations such as Austria, Argentina, and Mexico have begun issuing “ultra-long” 100-year bonds. Officials at the U.S. Treasury Department are thinking about it. We doubt investors buying these instruments have any intention of sitting on them for the next hundred years.

They would have to be crazy. The only asset worth wagering on over that time scale is gold.

This week’s Market Update was authored by Money Metals Director Clint Siegner.

Buy Gold and Silver - Money Metals Exchange

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