If you are considering acquiring silver to guard against a worst-case survival scenario, you are not alone.
Many investors use silver as a way to hedge against the problem of bank collapse after a catastrophic event. Throughout human history, the value of silver and gold has transcended the ever-changing tides of civilizations, governments and financial systems.
Even if you think the probability of society-shaking events is low, the extra peace of mind that precious metals offer is quite valuable.
Here are a few tips:
SILVER IS A RECOGNIZED CURRENCY
When buying silver for survival purposes, silver coinage has proved to be the most convenient method. Not only are you buying silver for its weighted value but coins are recognizable and redeem-able for goods and services. Popular coins include pre-1965 Silver Half Dollars and Mercury Dimes, often referred to as Junk Silver.
CHOOSE A SMALLER SIZE FOR CONVENIENCE
Smaller sizes allow you to be the banker. Remember the banker is the person making change, while the bankee is the person looking for change. And as history has showed us: the banker always wins.
PRESERVE YOUR PURCHASING POWER, EVEN IF THE DOLLAR FAILS
Fact: In the 1940’s a mercury dime would have bought you a loaf of bread. Today a mercury dime valued at around $2.00 in silver content will still buy you a loaf of Wonder White bread. This is a great example of silver protecting your purchasing power.