Buying gold and silver for survival is a controversial topic and one of which a lot of survivalists can’t agree on. You may have heard the saying “you can’t eat gold”. Whilst this is true, you can use precious metals to buy food, drinks and other necessities you would need in a survival situation.
Gold, silver and other precious metals are only going to be suitable for survival in a very specific type of scenario. Unless you’re 100% convinced that “sh*t will hit the fan” and modern day currency as we know it ceases to exist completely, I would just continue to buy gold for investment purposes instead.
However, if you’re preparing for long term emergencies, disasters and disruptions in social or political order, gold and silver should be purchased alongside other supplies and not just stockpiled on its own. Food, water, fuel and other necessitates are likely to be very difficult to get your hands on and it won’t matter how much precious metal you have if it’s not in demand.
I guess what I’m trying to say is; if you do decide to buy gold and silver for SHTF, ensure you have all of your other supplies in check first. Food and water should be an absolute priority and as a rule of thumb you should have enough supplies to survive for at least 30 days before you consider buying gold and silver for survival.
Investing in gold and silver for a long term disaster is a win-win situation. The great thing about stockpiling gold and silver is that even if an emergency doesn’t happen, you will have set yourself or your family up for a rather nice payout in later life. It’s still prepping, but prepping for all possible outcomes.