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Silver is the winner for preppers in the precious metals game. You will not be able to do the same things with gold that you can with silver.
Most of this has to do with the value. If one ounce of gold costs $1500 you are going to need such a small denomination to buy small items. Sure if you are buying a property or something big, gold coins will work. The fact is 1/4 ounce is worth over $300. That’s a small coin to carry around.
Silver offers some great options for storage as well as purchasing power. I also like the idea that silver is used more often in industry. Let us look at 5 reasons that preppers should invest in some physical silver.
Easy to Hide
Silver is a great form of wealth that is easy to hide. You can put it in a safe and have a nice bit that is well hidden. You can also break your silver collection up and spread it out all over the home. Silver rounds are great for storing and can be hidden in many places around the home.
Hedge Against Inflation
With all the radical elements affecting the economy, you might be looking for a hedge against traditional wealth. Physical silver is a great way to deal with this. We all worry about inflation but the price of gold and silver will only increase as economies shiver.
Great for Trade and Barter
We will eventually get back to barter and trade. Silver could become a huge part of those interactions.
Silver has long been a currency on our planet. It dates back to biblical times. Consumer confidence has always been high when it comes to silver.
Great to Cache
One of the great PVC caches is made with silver rounds and pipe that fits those rounds just right. These silver coin caches are a great way to store silver outside of the home or at alternate locations.