![]() ![]() It’s hard to barter with a 1oz gold coin. The problem with gold being used for bartering is that it’s just so expensive. Additional uses include medical applications, solar energy, food hygiene, and water purification. Silver is used in photography, jewelry, batteries, and electronics. Spending a little money to have ounces of silver in your hand creates a faster sense of gratification than waiting months to save for an ounce of gold. This allows you to start building your stash more quickly and to increase it more easily over time. You can buy silver more easily than gold because it’s cheaper. In fact, while there are obvious similarities between gold and silver, it is widely recognized within the prepper community that silver is the preferred metal. Silver has been called “the poor man’s gold,” but if you own a good pile of silver, that doesn’t sound so poor to me. People will need to rely on something else as an exchange of value, and what better than precious metals? Gold and silver have very long histories of use as currency. If the grid goes down, SHTF and TEOTWAWKI hits, paper currency will be useless. The comparison is the same as stocks (representing ownership of a company) and real estate (something you can touch). With precious metals, you hold the worth of it in your hand. There is no value in the paper, only in what the paper represents. People might debate the intrinsic value of metals (it has different definitions depending on who you ask), but the important point here is that the value of the metal is within the metal itself.Ĭompare that, for example, to a paper dollar bill. It only makes sense that preppers would see precious metals as an extension of their preps. If you’re prepping, you’re doing it because you think times are or will be tough. These metals are seen as safe haven assets when economic uncertainty abounds. When times get tough, people flock to precious metals. Preppers like precious metals, and they generally favor silver over gold or platinum. What is the Best Silver for Survival to Buy?.What is sterling silver and how does it differ from pure silver?. ![]()
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