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Letter Re: Buying Storage Food and Precious Metals on a Budget
Jim,
Thanks so much for SurvivalBlog. I've been lurking there for around six
months now, ever since I started to realize the value of being prepared.
It's a
daily stop for me, because I know I'll learn something new nearly every day.
I read with interest some of the recent writings about preparedness on a
budget and investing in metals. I've combined the two. I, like many people,
don't
have a lot of money to spend on preparedness (good thing, otherwise I might
be a mall ninja). But at the same time, I want to prepare for everything at
once. So I started preparing food through a link I found through your
pages -- with the $10
a week food storage. At the same time, I wanted to continue
my metals savings.
I had been saving up $40-$60 a month and buying gold coins. When gold went
to $1,000 per ounce, I switched to buying silver. Now each month I set aside
just $20. I then either head to my local coin shop or use
the Internet to buy a silver coin
or bullion. I actually get the silver in my hands. I read a recent article
on SurvivalBlog that mentioned how to invest in silver
and how to obtain certificates or deposits, etc. But I want the silver in my
hand. Now I know that if there's a total meltdown, no one will want coins.
But if there's just a partial meltdown, I know I've got something that will
be worth trading. If there's no meltdown, know what? I've still got something
worth something. And I like that by taking physical possession of it, that
I'm assured that no matter what bank fails, I've still got it.
There is great value, in my mind, in having the peace of mind to know that
I'm prepared. - Ogre
