How to Invest in Gold and Silver: Surviving A Market Crash

How to Invest in Gold and Silver: Surviving A Market Crash

Some people believe that the economic collapse is a real event, inevitable. With the way things are going, it is a real possibility that the dollar is no longer worth anything. How, then, will society work without anything of value for trade in goods and services?

If you are an avid prepper for the eventual downfall of society, then you must learn how to invest in gold and silver before everyone else completely runs out of supply.

Most people have declared that there is no real value in minerals, and that it would be better to spend their time accumulating food, medical supplies and other necessities in order to survive. However, little do they know that it is better to spread their eggs in several baskets to protect themselves adequately for the future.

You may not be able to rub gold and silver on your wounds, but you can exchange them for food and other supplies that you will need to survive. Having a backup plan for when your supplies run out will ensure your continued survival for the future.

Is investing really an intelligent idea?

Many people ask themselves and # 8220, why invest in precious metals? Y # 8221; However, consider the possibility that they last much longer than your other belongings. Money is still made only of cotton and paper, which can degrade over time, and there is no real guarantee that it will have any value once the market falls.

How to Invest in Gold and Silver: Surviving A Market Crash

Even if you have died, your spouse and children can still thrive on the gold and silver you have saved to pay for the goods and supplies they may need. It really is not wrong to have a little more confidence when the unexpected happens.

Do not rely solely on money

Everyone has said from an early age that saving your money in the bank is the way to go. However, there is one thing that many people do not know: once your money enters the bank, it is no longer yours.

If a recession occurs, everyone will run to the banks to withdraw their money, but the banks are allowed to prevent that from happening. This is because the normal citizen who deposits his money becomes an unsecured creditor who receives promises of payment from the bank.

How to Invest in Gold and Silver: Surviving A Market Crash

This makes many people feel distrustful of trusting the banking system, but not everyone has a million mattresses with which they can put their money at home. And even if they did, doing so would open up their chances of having their money stolen when they were not at home.

So, what option do you have left? You still need some way to pay for things that will still hold their value for many years. Credit cards will also not do you any good if the electronic systems also fall and you need some way to make sure you still have the means to get what you want. That is a great reason to invest in some gold and silver.

Silver or gold?

Maybe you do not have the opportunity to invest in both. Do you have to choose one over the other? Many preparers for the economic collapse affirm that it is more advantageous to invest in silver over gold because it is more profitable.

What you need to know about buying gold is that, in the current market, it is worth around $ 1200 per ounce. However, people still prefer to buy silver, which is about $ 17 per ounce. So, why invest in metal that is worth less? The great answer is that it is more relative to cost. Would you rather take $ 100 to a convenience store just to buy a drink?

How to Invest in Gold and Silver: Surviving A Market Crash

The store may not be able to make changes for you and you may not have the ability to carry $ 100 assets with you back home. But with silver, you never have to worry about spending too much to get the right amount of value for your money or, more specifically, for precious metals.

Gold, on the other hand, will gain more value over time during an economic collapse than silver. If you are planning for the long-term end, then this may be a better option for you, but only if you have the means to do so. If you are interested in making small investments over time to build what you have, silver may seem a more stable option.

Where can you buy

Of course, with the promise of an economic collapse, there will be scammers who will abuse the situation and try to take you for everything you have. That said, it can be intimidating to try to find out who you owe and should not buy.

A big no-no is trying to invest in gold and silver from Amazon or eBay. It is a very risky move, and you could end up losing everything if you do not do enough research to inform the scammers of trusted sellers.

Look for sales that seem too good to be true, and avoid them like the plague. You can start with small purchases of silver at the beginning to see how well you do before making larger investments, but online stores should not be the only place you look.

How to Invest in Gold and Silver: Surviving A Market Crash

The pawnshops are local jewelers and are a great place to look. Although the former has a bit of a bad reputation, it can be a great place to look for small amounts of gold and silver that are cheaper than you expect.

Do not feel bad about taking advantage of someone else’s misfortune; You also have to survive, and if that means diversifying your boat, then do it. Just be sure to check the pawn shop return policy before buying, and be sure to take your purchase to any local jeweler for evaluation. You do not want to end up buying something that is really gold or silver, since these will not have any value.

And if you are not sure where to start looking, you can always ask at your local jewelry store and they may indicate the correct address to start your investment. Always make sure you do your research in advance so that you do not end up being cheated.

What to buy

Not sure what kind of gold and silver you should get? Gold and silver are available in a wide variety of forms, from coins to ingots and bars, so it can be a difficult choice to figure out what to get.

How to Invest in Gold and Silver: Surviving A Market Crash

Here are the differences and nuances of each type that you should keep in mind.

  • Bullion: these are available in the market in two forms, numismatic and plain. Numismatic ingots are actually coins, and are popular in the field of coin collectors.
    Available in both gold and silver, its value is determined by the rarity of the coin, the date of issue, the mint in which it was produced and the current currency status. It takes a lot of experience to know what you are looking for, so it may not be an excellent first choice for those looking to make small quick purchases.
    However, what makes ingots a good investment is that it is a recognized weight unit, so you know exactly how much gold or silver is in each ingot. And since they are very difficult to falsify, they are an excellent tool for trade.
  • Bars: Although a gold bar may seem impressive, it may not be practical. They can vary in size from a few grams to around 600 ounces, and you’ll have to settle everything to get something in return, the same analogy of taking the $ 100 bill to the convenience store.
    However, there is an advantage. When buying bars, you pay smaller premiums per ounce, so in the long run you get more for your money.
  • Jewelry: all have jewels around and may be easier to transport than some coins or bars. However, there is no uniformity in the purity or weight of the jewelry.
    To obtain real value from them, they must be melted down, and those who sell their jewelry only get about 50% of the real weight of the gold, due to the additional expense and the process of having to withdraw the gold from the other metals that are found. in the jewelry Definitely not where you should put all your investment.

Keep in mind that no matter what you choose to buy, always buy from a seller who sends your purchases directly.

How to Invest in Gold and Silver: Surviving A Market Crash

The worst thing you can do is to have a third party that handles your precious metals, since you can choose to keep it permanently.

What coins to buy

Since coins and ingots are much easier to exchange and transport, there are specific currencies that you should pay attention to and get as soon as you find them.

How to Invest in Gold and Silver: Surviving A Market Crash

It is best to look for one ounce coins instead of split coins, since you will not be charged a premium for each coin. The gold coins that you should keep in mind are:

  • U.S. Gold Eagle
  • Buffalo of the United States
  • Canadian maple leaf
  • South African Krugerrand

These are the most popular and easily recognizable throughout the world, so we guarantee that you will have some method of payment with you wherever you go.

How to Invest in Gold and Silver: Surviving A Market Crash

When it comes to buying silver, you can get silver coins or # 8220; scrap # 8221; silver. The silver coins to consider are:

  • U.S. Silver Eagle
  • Canadian silver maple leaf

So, what exactly is it and # 8220; junkand # 8221; silver? These are coins such as the dime, quarter or half dollar that were minted in or before 1964. This is because they have at least 90% silver content and are sold at the face value of each currency.

How to Invest in Gold and Silver: Surviving A Market Crash

If you are interested in buying and # 8220; scrap # 8221; Silver, the easiest and most popular way to buy something is in a 55-pound bag. This is considered to be a standard of y # 8220; junkand # 8221; Silver measurement, and amounts to approximately $ 1,000 in nominal value of the coins in the stock market. The advantage of buying silver in this way is that you pay less in commissions per ounce than a one-ounce silver coin, so it ends up being a much cheaper option.

What to know before investing

Making the right decision about the gold and silver it invests in could mean the difference between life and death when the economic collapse occurs. But there are some important steps you must take before jumping head-first into the process.

  • Investigation: You can never lose it by doing too much research. There will always be scammers out there who are trying to take your money and leave you with nothing. Investigate the history of each gold dealer you are interested in working with to see if what they offer is reliable.
    Remember: if it’s too good to be true, then it probably is.
  • Storage: Before you start buying, you need to know where you are going to store your precious metals.
    Storing at home may not be the best option, since it leaves you open for theft, but buying a safe provides an additional sense of security that will keep your gold and silver in a safe place.

Gold and silver are considered stable and reliable sources of value, since they do not fluctuate with changes in the market. Its value is only determined by supply and demand at a given time, but otherwise, these precious metals are rarely devalued.

How to Invest in Gold and Silver: Surviving A Market Crash

It is also known that these metals last a long time, especially if stored properly, so they can not be depreciated in value either. Its durability can withstand the test of time and the elements, no matter what is happening in the world, providing reliable means to stay abreast of the game and have some way to exchange goods when you have run out of yours. .

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