Have you ever wondered, how much silver should a prepper have? This thought has bothered me for a while now, and after doing some research, I think I finally have an answer.
The amount of silver you should hold depends on a few factors, including how prepared you are and how much money you have to invest. But, most importantly, it depends on how much you think you’ll need.
Key Takeaways
- Silver bullion is the better choice for preppers who want to stock up on precious metals.
- Smaller denominations are easier to trade.
- You can use silver as currency in a SHTF scenario.
- You can use it to barter for goods and services.
- You can use it as a form of insurance against inflation or economic collapse.
- Most people who are “prepping” with silver don’t really know anything about investing in silver and end up getting scammed.
How Much Silver Should You Have For Emergencies?
I’m often asked how much silver a prepper should have. And while there’s no one-size-fits-all answer to that question, experts say that a prepper should have at least 90 days of silver reserved!
Furthermore, there are some guidelines you can follow to make sure you’re prepared for anything.
Make a Budget and Consider Your Essential Preparedness Needs First
When it comes to prepping, you need to have a budget and make sure you’re prioritizing your essential needs first. That means having enough food and water to last you for at least 90 days. Once you’ve taken care of those basics, then you can start thinking about other things like silver.
Start Small And Then Move From There
If you’re new to prepping, it’s best to start small and then build up your supplies over time. That way, you’re not overwhelmed and can slowly add to your stockpile as your budget allows.
As far as silver is concerned, a good starting point is to have about 1 ounce per person in your household.
You Should Get Enough Silver According to Your Needs
Some people might need more silver than others, depending on their individual circumstances. For example, if you live in an area that’s prone to natural disasters, then you might want to have a little extra on hand, just in case. Alternatively, if you can procure your own food and water, you might not need to save as much. It all depends on your own individual needs.
Buying one ounce per month is a great starting point
If you’re not sure how much silver to buy, a good starting point is one ounce per person in your household per month. That way, you’ll be able to slowly build up your stockpile over time without breaking the bank. Plus, if you ever need to use it, you’ll have plenty on hand.
Silver Is a Great Way to Store Value Not to Increase Value
When it comes to precious metals, silver is often thought of as a poor investment. This is primarily because silver doesn’t have the same track record as gold when it comes to increasing in value over time. In fact, silver is often more volatile than gold, meaning its price can go up and down quite dramatically.
However, this doesn’t mean that silver isn’t a valuable metal. In fact, silver is a great way to store value. This is because silver (and other precious metals) is a finite resource, unlike paper money. There is only so much silver in the world, and as demand for the metal increases, the price of silver will go up.
This makes silver a great way to protect your wealth from inflation. If the price of goods and services goes up, the value of your silver will go up along with it. This means that, over time, your silver will be worth more and more.
Investing In Silver Is Great to Be Protected of Hyperinflation or Any Economic Disaster
Hyperinflation can occur when there is too much money chasing too few goods. This increases prices for goods and services at an uncontrollable and rapid pace. When this happens, the purchasing power of each unit of currency decreases rapidly as well.
In a hyperinflationary scenario, paper money becomes worthless, and people start resorting to using other items as currency, such as precious metals. This is because precious metals retain their value even when paper money becomes worthless.
So, if you want to protect yourself from hyperinflation or any other kind of economic disaster, investing in silver is a great option.
Silver Has Several Uses in Industries Beyond Value Exchange
While most people think of silver primarily as a means of financial exchange, metal actually has a wide range of industrial applications. In fact, silver is used in everything from electrical wiring to solar panels, and is an essential component in the production of batteries, computer chips, and medical devices.
This diversification can be beneficial for preppers, as silver can be used to barter for goods and services that may be otherwise difficult to come by in an SHTF scenario.
Silver Is a Great Post SHTF Way To Use as Currency to Get What You Need
If SHTF and there is a total grid-down, the only currency that will be worth anything are precious metals. Silver is one of the most valuable commodities because it is versatile. You can use it to barter for goods and services.
For example, if the power grid goes down, silver will be one of the most valuable commodities around. That’s because silver is an excellent conductor of electricity. So, if you have silver, you’ll be able to trade it for goods and services that require electricity.
This means that silver can be used to create electrical wiring and other components that are resistant to corrosion.
But, what if the power grid is down? Well, silver can also be used to create batteries. That’s because silver is an excellent conductor of electricity. So, if you have silver, you’ll be able to trade it for goods and services that require batteries.
Silver Will Be Super Useful After The Aftermath of SHTF Event Have Settled for a While
In The Short-Term, Food and Water Are More Valuable Than Silver:
When an emergency strikes, you’ll need food and water first. You can live without silver, but you can’t live without food and water. So, short term, it’s more important to have these things than silver.
After A Few Years Have Passed, Fiat Currency Is Worthless, But Silver Still Holds Its Value:
Fiat currency is the kind of money that governments print. It’s not backed by anything of value, like gold or silver. And when SHTF, the value of fiat currency is going to plummet. Silver, on the other hand, will still be worth something.
Once the dust has settled and things have gotten back to somewhat normalcy, people will start rebuilding. And silver will be vital for this. Silver can be used to make new coins, jewelry, and other objects.
Junk Silver or Silver Bullion: Which One to Buy?
When it comes to stocking up on precious metals for SHTF, people tend to purchase two main types of silver: junk silver and silver bullion. So, which one should a prepper have?
Junk silver is an old coin that was minted before 1965. They contain 90% silver and 10% copper and were circulated as regular currency. Today, they are worth more for their silver content than their face value.
Silver bullion, on the other hand, is pure silver minted into bars or rounds. It is worth more per ounce than junk silver, but it can be harder to barter with since it is not recognized as legal tender.
So, which is the better option for a prepper?
Here are 7 reasons why silver bullion is the better choice:
You Get More Silver per Dollar
When you buy junk silver, you pay a premium for the coins. With silver bullion, you are only paying for the silver content. This means that you get more silver per dollar with bullion.
Bullion is Easier to Store
Junk silver coins can take up a lot of space since they are circulated currency. Bullion, on the other hand, is much easier to store since it is compacted into bars or rounds.
Bullion is More Liquid
Since bullion is more pure silver, it is more liquid than junk silver. This means that it can be easily traded or sold for cash.
You Can Easily Check the Purity of Bullion
With junk silver, you have to take the coin dealer’s word for the purity of the silver. With bullion, you can easily check the purity yourself with a simple acid test kit.
Bullion is More Private
When you buy junk silver, you must go through a coin dealer which can leave a paper trail. With bullion, you can buy and sell privately, which makes it more difficult for the government to track your precious metals.
Bullion is More Recognized as a Store of Value
Since bullion is more pure silver, it is more recognized as a store of value. This means that people are more likely to accept it as payment in SHTF scenarios.
You Can Easily Make Change with Bullion
If you have a silver bullion bar that is worth $100, you can easily make change for smaller transactions by breaking off a piece of the bar. With junk silver, you would have to carry around a lot of coins to make change.
So, there you have it. Silver bullion is the better choice for preppers who want to stock up on precious metals. It is purer, more private, more liquid, and easier to store than junk silver.
Check this website to buy silver:
Try To Have Different Silver Denominations for Emergency Preparedness
When it comes to silver, preppers should remember that it doesn’t all have to be in the form of coins or bars. In fact, having different denominations can actually be quite useful in an emergency situation. Here are seven reasons why:
Smaller denominations are easier to trade
If you only have large bars or coins, you may have difficulty finding someone willing to trade goods or services for them. Smaller denominations are much more versatile and can be used to barter for what you need.
You can use silver as currency
In an SHTF scenario, paper money will likely be worthless. However, silver can be used as a form of currency. People will be more willing to accept it as payment because it has intrinsic value.
You can use it to barter for goods and services
In an emergency situation, you may not be able to find what you need at the store. However, if you have silver, you can trade it for goods and services. This is especially useful if you have unique skills or talents that others may need.
You can use it as a form of insurance
If you have silver, you can use it to insure yourself against inflation or economic collapse. This way, you’ll still have valuable assets even if the economy takes a turn for the worse.
You can use it to buy food and supplies
In an emergency, you may not be able to find food or supplies at the store. However, if you have silver, you can trade it for what you need. This is a great way to ensure that you and your family are well fed and taken care of.
Beware Of Speculators and Scammers
When it comes to silver, a lot of people think that they know what they’re talking about. They see the value in silver and want to get their hands on as much of it as possible. But the problem is that most of these people don’t know anything about silver investing, and they get scammed.
There are many people out there selling silver for inflated prices, and they’re preying on people who don’t know any better. They’re counting on the fact that you don’t know what you’re doing, and they’re hoping you’ll pay way more than silver is worth.
Don’t be one of these people. You must educate yourself on the subject if you’re serious about prepping with silver. You need to know how to spot a scam, and you need to know how to invest in silver wisely.
Conclusion
So, how much silver should a prepper have? Ultimately, it depends on your goals and what you feel comfortable with. If you’re looking to simply hedge against inflation or protect your wealth in case of an economic collapse, then a few ounces may be all you need. On the other hand, if you’re aiming to barter for goods and services in a post-collapse scenario, then you’ll want to have a larger stash.
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