I know the following info is common sense to experienced Preppers. But, maybe not so much for many of my readers who haven’t given it much thought.
I hear alot of talk on shows, like Glenn Beck, on how important gold will be when the financial crisis strikes. Your bank accounts will be worthless, your cash unwanted. The historical evidence is there to support that. Pre WWII, Germany’s Mark was really only valuable to help get a fire started. But in reality, is gold the way to go?
In a true global disaster, gold might be a good thing to hold on to if you have any. Bury it somewhere and forget you have it. If and when the situation improves it is possible that the gold will have value, but really, why does it have value? It isn’t particularly useful. It does make shiny jewelry. There are some minor industrial applications. It isn’t all that rare like it’s touted to be. Go to any department store and you will find some. Rare things are just that, hard to find.
So is gold what you should be spending your hard-earned cash on. Well, maybe, it could turn out to be a great investment, if the economy worsens, but doesn’t collapse or as opposed to the stock market, yes. It could be a good thing to have some and put it aside. Real gold though. Actually possess it. Don’t fall for the companies that issue you a piece of paper that says you own gold. That’s probably as worthless as the paper the promise is written on.
So maybe a little gold is good, but in a disaster, what is much, much, much more valuable than gold? Simply put, things that will keep you healthy, safe and comfortable during the disaster.
If you want currency that will be valuable, hoard some things that you know people will want and be willing to trade for. Cigarettes for example. Try giving a gold ring in exchange for passage through someones territory. See how far that gets you. Try giving a pack or two of “Joe Cools” and I bet you get further.
Coffee will be another luxury that people will take as payment. Coffee is one of those items that people don’t forget when it comes to packing for a wilderness trip.
I know by experience how important it is when on long military campaigns. Having a decent amount of long shelf life coffee on hand will help you get through some tough times. Both for your own consumption and as a barter item.
Food and other survival items like tarps, knives, fire starting equipment, packable fishing equipment, radios, batteries, on and on. All will be more important during the crisis than a few oz’s of Au. While you are thinking about investing in the future, you might do yourself a huge favor and buy some things that will be of true value in an emergency. Long term items that will feed, shelter, protect and comfort you and your family.