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Updated over 15 years ago on . Most recent reply
Precious metals you can touch?
OK with the food / water / survival posts recently I have another question I'm hoping to get some good feedback on....I'd like to buy some silver and gold.
Not as an investment - I'd rather put my $ in R.E. for that.
But I want to have a few months' expenses stowed away in case of emergency. I don't want to have cash because I'm becoming relatively convinced that there is ugly inflation coming and holders of a lot of cash are going to take a beating. But I do want an inflation protected, relatively liquid savings that I can see and touch.
Any advice on the most secure and economical way to purchase coins & bullion that are actually delivered or shipped to you?
Most Popular Reply
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If you are talking about a dooms day scenario, I'm not sure that any physical precious metal is the answer. Maybe some, but you need something that can be easily exchanged. The best thing to do is stock on tangible things that become extremely desirable at time of despair. Fuel, food, water, ammo, soap, etc.
In the dooms day scenario, people wouldn't care about gold - they cannot eat it, drink it or heat with it...