Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24
How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - 17th Feb 24
Why Rising Shipping Costs Won't Cause Inflation - 17th Feb 24
Intensive 6 Week Stock Market Elliott Wave Training Course - 17th Feb 24
INFLATION and the Stock Market Trend - 17th Feb 24
GameStop (GME): 88% Shellacking Yet No Lesson Learned - 17th Feb 24
Nick Millican Explains Real Estate Investment in a Changing World - 17th Feb 24
US Stock Market Addicted to Deficit Spending - 7th Feb 24
Stocks Bull Market Commands It All For Now - 7th Feb 24
Financial Markets Narrative Nonsense - 7th Feb 24
Gold Price Long-Term Outlook Could Not Look Better - 7th Feb 24
Stock Market QE4EVER - 7th Feb 24
Learn How to Accumulate and Distribute (Trim) Stock Positions to Maximise Profits - Investing 101 - 5th Feb 24
US Exponential Budget Deficit - 5th Feb 24
Gold Tipping Points That Investors Shouldn’t Miss - 5th Feb 24
Banking Crisis Quietly Brewing - 5th Feb 24
Stock Market Major Market lows by Calendar Month - 4th Feb 24
Gold Price’s Rally is Normal, but Is It Really Bullish? - 4th Feb 24
More Problems in US Regional Banking System: Where There's Fire There's Smoke - 4th Feb 24
New Hints of US Election Year Market Interventions & Turmoil - 4th Feb 24
Watch Consumer Spending to Know When the Fed Will Cut Interest Rates - 4th Feb 24
STOCK MARKET DISCOUNTING EVENTS BIG PICTURE - 31st Jan 24
Blue Skies Ahead As Stock Market Is Expected To Continue Much Higher - 31st Jan 24
What the Stock Market "Fear Index" VIX May Be Signaling - 31st Jan 24
Stock Market Trend Forecast Review - 31st Jan 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Practical Prepping for Financial SHTF Scenarios

Stock-Markets / Financial Crisis 2019 Mar 08, 2019 - 04:55 PM GMT

By: MoneyMetals

Stock-Markets

Preppers – the sort of people who build bunkers, stockpile supplies, and bear arms – aim to survive “SHTF” scenarios.

When war breaks out, when the power grid goes down, when the banks fail, when the U.S. dollar collapses, when social unrest spreads, when the stuff hits the fan… will you be prepared?

Risks are rising.

The Bulletin of the Atomic Scientists maintains a “Doomsday Clock.” For 2019, it “sets the Doomsday Clock at two minutes to midnight—the closest it has ever been to apocalypse.”


The Atomic Scientists are issuing “a stark warning to leaders and citizens around the world. The current international security situation—what we call the ‘new abnormal’—has extended over two years now.

It’s a state as worrisome as the most dangerous times of the Cold War…”

If you don’t have an underground fallout shelter in your backyard… don’t worry. The likelihood of your neighborhood being the target of a nuclear attack is slim.

However, other SHTF scenarios are far more likely impact you or your finances at some point in the future. It could be something specific like an identity thief draining your investment accounts. Or it could be something systemic like a currency crisis.

First Things First

At the core of any practical prepping strategy is making sure your household has backup supplies of life essentials. At the top of the list is bottles of water. Also aim to keep a three-month backup supply of non-perishable foods.

From there, you’ll want to make sure you have at least two first aid kits, batteries, emergency tools and equipment, a portable power generator, firearms, and ammunition.

As for your finances, well, the ultimate SHTF money is gold and silver. The value of physical precious metals will hold up through whatever war, financial crisis or political chaos may come in the years ahead.

The Best Coins for SHTF

As an individual who is building up emergency reserves, you want to make sure the particular gold and silver bullion products you hold provide you with all the versatility and flexibility you may need during a SHTF scenario.

You might need to use some of your holdings directly for barter. You might need to make one very large purchase or several very small ones.

In a SHTF event, the melt value of your coins may be all that counts. Don’t expect to get any premium for “collectible” or “proof” coins in barter transactions.

For that and a whole host of other reasons, you shouldn’t buy those types of coins in the first place (unless you acquire them near their actual melt value). It makes more sense to hoard non-numismatic, widely recognized bullion coins and rounds in common sizes.

You’ll definitely want one-ouncers. You’ll want fractional sizes as well, in both gold and silver.

A bag of pre-1965 90% silver coins is a good way to get widely recognized fractional silver. These circulated dimes, quarters, and half dollars are great for small-time transactions and are often as cheap or cheaper to buy than pure silver products.

However, during times when premiums for these no longer minted coins are elevated, you may be better off buying half-ounce, quarter-ounce, or tenth-ounce silver bullion rounds instead.

You can round out your emergency money metals stash with some copper bullion – rounds or copper pennies minted in 1982 or earlier. That way, you’ll never have to part with more silver than you need to in order to complete a transaction.

It’s Hard to Put a Price of Peace of Mind

Even if you think the chances are small that you’d ever need to use precious metals for barter, there’s no harm in acquiring the ability to do so.

You’ll have some hard assets to your name that will offer long-term inflation protection and can be sold into a highly liquid market for cash whenever you want to ring the register.

In the meantime, being prepared will give you peace of mind. You’ll feel more confident and rest easier knowing that you have a Plan B in place and some proper tools to put it into action in the event of a SHTF scenario.

Whether it’s a Fed-induced financial panic, or a terrorist attack that knocks out the power grid, or a cyber-attack that cleans out the banking system, or something else entirely…. whether it happens tomorrow or far out in the future…it’s better to prepare decades too soon than a minute too late.

Stefan Gleason is President of Money Metals Exchange, the national precious metals company named 2015 "Dealer of the Year" in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, Detroit News, Washington Times, and National Review.

© 2019 Stefan Gleason - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in