If the government collapsed today then there is a good chance that the monetary system would also go down with it.
Is it a good idea to keep gold in case SHTF?
If you found all of your money suddenly worthless would you still be able to survive? Do you have something to barter with for food, water, and weapons if needed?
Experienced preppers know that there is one substance that will hold its value during and after a full on monetary collapse. That magical substance is gold.
It Will Hold Value Forever
Gold had been valuable for thousands and thousands of years, and it shows no sign of losing value. As you probably noticed gold recently hit its all-time high because even in a world that appears to be on the verge of collapse.
Gold will continue to be of value for thousands and thousands of years just as it has always been. It won’t matter if the entire economic system comes tumbling down, you will still be able to count on gold, and that is why it is always important to have at least a small supply of gold stashed away somewhere.
Bars Only
Gold’s long standing worth is exactly why it makes the best thing you can have following an economic collapse. If the system does survive then your gold will only gain in value, and if the system collapses for good then you will still be able to barter with the gold. Gold is as old as the barter system itself, and it will always hold its value.
Raw gold such as gold bars are going to be your safest bet. There is a high chance that following an economic collapse people will be very weary of taking any type of coin whether it be made of gold or not. Gold bars are stamped with purity and weight. This makes it very easy to deal with, and puts you in a good position if you ever need to barter for something in such a hostile environment.
Where Can I Get Some?
Purchasing gold bars is rather easy, and can be done at your local “We Buy Gold” shop or online if you prefer to be discreet. You will find many people attempting to sell their gold at “spot price.” This basically means that they are selling it for what the gold market says that an ounce of gold is worth. This is not law, so you should do your best to get the seller down to under spot price if you can.
Here’s a great place to find gold.
Vary the Size and Location of Your Stash
When you start putting your gold stockpile together it is always a good idea to have many different sized bars. By varying the size of your gold stash you will be able to reveal just as much gold as you would like to offer for an item in the post-collapse world.
If you were to only have large bars then you would have to reveal the whole bar, and you may not want to “pay” that much for whatever you are bartering for. In addition to varying the size of your stash you must always have a minimum of three separate locations.
You should spread your gold out because in the event that someone were to find one of your stashes then you would still be able to survive off of the other two. If you were ever coerced to give up the location of your gold under duress then you would be able to point the thieves to one of the stashes only.
Always Be Prepared
Every prepper should keep some gold stashed away just in case the bartering system is utilized in the event of a worldwide economic collapse. Gold will always have value, and you may be able to trade it for something that will save your life. If your family was in need of medicine or more ammunition in a world with no money, you better have something to barter with to get what you need to survive. Your family’s safety and survival may depend on what you have to barter.
Hopefully it doesn’t come to that, but if it does, then you and your family will be ready.