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Cash? Gold? Silver? Bitcoins?

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Cash? Gold? Silver? Bitcoins?

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Everything we do in life involves money, being in the preparedness community, the question now is what kind of money. That probably makes no sense but im sorry to say my friends… the world is changing whether we like it or not. You have to adapt in order to survive and the same goes for monetary system too.

Lets say Bill had $100 in his bank, Tom had $100 in gold and Chelsea had $100 in silver. If SHTF Bill would have lost everything, the banks will close down quicker than you can say S#** hit the fan! or at least tell you they have no money to give. Tom and Chelsea have an advantage because they have a valuable metal in which to barter with, post SHTF. Gold and silver will get you more than cash in any situation, especially if the government collapses.

I have just started to buy gold and silver not only for SHTF but for my retirement. Gold and silver should rise like it always has, so when I retire I could be literally sitting on a gold mine, if I buy enough. The way I am doing it is buying small… I buy coins. The reason for this is if I have to barter or break into the stash because I missed a paycheck I don’t have to sell or barter away a big bullion bar, so for me coins is my plan. Obviously if you buy bulk you get more of a better price.. it’s all up to your preference.

I buy my silver from jmbullion.com, they have a great price range and you can pick up 1oz silver and gold coins. I have had over 5 easy transactions with them and with all of them I got an email saying the order was accepted and being processed the great thing about buying here is you can track the shipping ūüôā

This past week I have been thinking about money and looking around the net for the latest trends etc and I came across Bitcoins. A lot of you may not have heard of these. 1 Bitcoin is currently worth over $1,000 (as of 3/23/2017). Any one with a computer can mine for bitcoins.

This is what Wikipedia says about Bitcoins:

Bitcoin¬†is a¬†peer-to-peer¬†payment system¬†and¬†digital currency¬†introduced as¬†open source¬†software in 2009 by¬†pseudonymous¬†developer¬†Satoshi Nakamoto. It is a¬†cryptocurrency, so-called because it uses¬†cryptography¬†to control the creation and transfer of money.[5]¬†Conventionally “Bitcoin” capitalized refers to the¬†technology¬†and¬†network¬†whereas “bitcoins” lowercase refers to the currency itself.[6]¬†Bitcoins are created by a process called mining in which participants verify and record payments in exchange for transaction fees and newly minted bitcoins.[7]¬†Users send and receive bitcoins using¬†client software¬†on a¬†personal computer,¬†mobile device¬†or¬†web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.[8]

Does your head hurt yet? Mine did when I first started out, I am mentioning bitcoins only because I predict this will how money will go in the future, so why not get in on it now. There are other similar coins out there too, Dogecoin, litecoin, sexcoin… you name it you can mine it. What people are doing now tho is mining an easier coin and converting it into Bitcoins…. the possibilities are just endless.

So this is just for you to think about and maybe do some research on.. if the power goes out you lose your bitcoins… so is gold and silver the way forward like the old days? Ill let you decide.

About the author

SHTFPreparedness

After watching recent events unfold and speaking to family and friends, my wife and I decided to start prepping. Preparedness is a big part of our lives now and I would be honored to share some knowledge with you. Here at shtfpreparedness.com we gather the best, prepping, survival, homesteading and DIY articles from around the web. "Those who prepare today will survive tomorrow."

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