This guy sure has done his homework...

It was interesting - but here we ago again with fear mongering...

If paper currency becomes worthless, the truth of the matter is the Government won't let you own Gold nor Silver so we'll still be trading services for food, water, etc.

I am not worried about what other people say, I only look at what's going on around me and my family and make plans with that information. How many countless people have predicted the global economic collapse for thew past 4 years and we are all still here, eating, living and most importantly contributing to society.

Plan for it today - prepare for it today, but live you life to the fullest and enjoy every moment!

~Make it a great day!

Alberta Prepper

I COMPLETELY AGREE WITH YOU. In many cases the biggest "threat" is the reaction to the threat. As Franklin D. Roosevelt said... "The only thing we have to fear is fear itself"... so very true. The economy is one more element of government control. People have lived, prospered and survived in all manner of environments and in all time periods. This will be no different. The economy may falter. Times may become hard... harder than we could ever imagine. People may die. Life as we know it may change to become something totally unrecognizable to us. Ask yourself... is the status quo SO GREAT? Change is what we fear the most and our percieved inability to cope with it. We have been taught and made to believe that we are not capable... that we MUST depend on Government for our security and safety. GARBAGE. Look around. Look within... at your "job". Would there be a demand for it regardless of circumstances? If so then you will do alright. IF NOT then perhaps it is time to explore and invest in yourself to develop some skills and knowledge that has a real practical application and worth.

I have found over the years that the folks who are opposed to acquiring gold or silver as a means to storing wealth wisely and safely ..... don't have any.

Okay- I am sold on silver, but am unsure about how to go about buying it. Who can I trust when buying and what form is the best to have it in. He speaks of "mercury dimes"-what is our Canadian version of that. A large bar won't work, what version would be likly to be recognised and traded and how much should we have?
I still believe in storing away food and seeds and items that will make us self- sustainable once the gas and propane have run out. But I believe that it would be smart to have some silver also. I just don't know in what form or how much and am concidering where to keep it. Any ideas?

Depending on whatever scenario happens "wealth" will be defined as food and the skills to keep it and create more. If it is a minor event that allows a return to normal society within a short time then tangible wealth will have some meaning in time. If it is an event that completely changes society and we go back to a simple, self sustaining type of lifestyle then precious metal and stones will have very little value to the majority of society. A simple gauge of worth is to look at current societies. In a "normal" Western society gold and silver have value far exceeding any practical use. That value is applied by the very people who control the rest of the money system so is inherently manipulated as well. If you look at other societies such as Amish, Mennonite, etc there is no use or need for conventional wealth. Gold and silver has a value that is assgned by a "system"...not by the common man or by it's use. It has no use. It is a manipulated value and even then, unless you have the metal in your hand, it is subject to secondary control...not yours.

Okay- I am sold on silver, but am unsure about how to go about buying it. Who can I trust when buying and what form is the best to have it in. He speaks of "mercury dimes"-what is our Canadian version of that. A large bar won't work, what version would be likly to be recognised and traded and how much should we have?
I still believe in storing away food and seeds and items that will make us self- sustainable once the gas and propane have run out. But I believe that it would be smart to have some silver also. I just don't know in what form or how much and am concidering where to keep it. Any ideas?

If you want to buy physical silver (bullion) your best bet is to go to a private dealer such as Diverse Equities in Calgary (www.diverseequities.com). All of the major banks sell bullion but they track your purchase and you have to provide your SIN. Private dealers offer a confidential tax free method of acquiring precious metals. You pay more per ounce than the market value but the anonymity makes it worthwhile.
I always buy a mix of coins and bars. Quantity is up to you. Some keep 5% of their savings in precious metals while others advocate 95%. Whatever you are comfortable with. I recommend keeping some cash around for immediate transactions following an "event" and it can is useful as toilet paper if need be 🙂
Keep it in a safe/gun locker at home or other secure location. I'd advise against a safety deposit box as you don't want it in the bank if they lock the doors.

Gold: the currency of kings
Silver: the currency of gentlemen
Barter: the currency of commoners
Debt: the currency of slaves

Best of luck it becomes a hobby and it's a real confidence booster having a hard asset in your possession!

I am really curious how you are going to use this wealth in a SHTF situation. Who are you going to sell it to? Who is going to have use of it? How are you going to value it and how will you come to a mutually agreeable exchange? How will you divide it? I believe you have summed it up at the end of your post...
"Gold: the currency of kings
Silver: the currency of gentlemen
Barter: the currency of commoners"
If the SHTF and the system fails to the point where cash is useless we will all be commoners. I'll gladly sell you a can of soup or a bag of seeds for one of your silver bars.

I am really curious how you are going to use this wealth in a SHTF situation. Who are you going to sell it to? Who is going to have use of it? How are you going to value it and how will you come to a mutually agreeable exchange? How will you divide it? I believe you have summed it up at the end of your post...
"Gold: the currency of kings
Silver: the currency of gentlemen
Barter: the currency of commoners"
If the SHTF and the system fails to the point where cash is useless we will all be commoners. I'll gladly sell you a can of soup or a bag of seeds for one of your silver bars.

Precious metals have always been a store of wealth all through time. They will come around again after the SHTF. If we get into a hyper inflationary situation you'll be wishing you had a couple silver coins to buy some gas or last minute provisions. If you want to ignore history and think they will be rendered useless than carry on with your preps as you see fit.
I'm not going to argue about this I have incorporated this into my preps as I see many reasons to do so. Best of luck to you and yours but I have my own soup thank you very much.

Useful in the long term when things return to some semblance of "normal" I agree. They will NOT help you to survive the event or it's immediate or middle term. I am not looking to argue either. I am simply asking how they will be of use in a SHTF or TEOTWAWKI situation.

It depends on the event. You can't predict natural disasters so no, precious metals will have no place during one. You can't eat gold (as the saying goes).
An economic collapse, however, won't just happen overnight. We have been in the midst of one for several years and have been witnessing golds (and now silvers) reaction to it. If a bag of fresh produce is going to cost us $6000 due to hyper inflation (a little exaggerated perhaps) wouldn't it be nice to just give the farmer a silver coin rather than bartering your stocked goods? In the OP's video it describes 1/10 oz of silver historically equal to 1 day of human labor. Sounds like a good base to me 🙂
I also look at this from an investment standpoint. I don't just prep for doomsday scenarios I prep for the future. I'll be damned if I leave nothing for my family. I've already made reasonable returns on metals and believe my bullion will be part of a legacy I can leave for my children. The S may not HTF. How many of us prep for that?

Excellent reply and thank you. It changes my outlook a little regarding the place of metals in prepping. Not so much for any "event"... as opposed to simply a, for the most part, stable and secure investment. Thank you

I think the main reason people do not buy physical metals is that it takes actual effort and thinking. People are too busy to to learn something new. It takes effort to go to a coin show or shop.

That takes away from the internet or watching American Idol.....

The S may not HTF. How many of us prep for that?

You should use this to post a new thread...

Howdy All,

If you are looking for silver coin, check out the Canadian Mint. They have had a number of $20 silver coins for $20 this year. Otherwise expect to pay $34.95 or more for a silver coin.

Mountainman.