Why Invest In Precious Metals?

If you have read my post on Money When It Hits The Fan, you know the importance of investing your dollars in assets with real value (those assets being anything that will enable you to trade them for the items you find yourself in need of in the event of an economic collapse).  You also know that it is important to invest a portion of your prepping money into supplies that you will be in need of such as a well equipped bug out bag.  However, it is a good idea to also invest a small portion of your allotted prepping funds into precious metals such as gold and silver.  This is because in the beginnings of an economic collapse many people will want to get their hands on these precious metals thinking that by doing so it will enable them to purchase whatever they need and protect them from future monetary losses.  This will open up a great opportunity for you to get the items you are lacking for your own self-sufficiency.

The statement "gold has never been worth nothing" is true, however in the case of an economic collapse, it will tend to lose its value as the crisis wears on.  By studying the Great Depression, you will learn that as time passed people lost their interest in precious metals and focused on obtaining the goods that they could use to barter with in order to fulfill their needs.  Because of this having a small stash of some type of precious metal whether gold or silver will most likely benefit you in the beginning stages of just such an event.

By failing to prepare you are preparing to fail - Benjamin Franklin