For most people, "precious metals" are gold, silver, platinum, and (sometimes) palladium, and even copper.
For preppers, the list is incomplete without lead.
Lead, as in ammunition.
All government-issued money has a real value of 0. It's only worth anything as long as people believe it is worth something. While people will still take it in trade, you might as well use it, but as soon as people stop accepting it, you also need to stop accepting it in trade for labor or products. You'd be working for free in that case. I've found that this is a hard concept for some people to understand, but it's true.
In this case, you can trade for food, toilet paper, water, firewood, or anything else you want. The problem comes when what you need isn't what someone else has to trade. If you don't want a goat, but goats are all they have to trade, what do you do? How can you trade with that person then?
This is why you need pocketable money. If government money is no longer accepted as money, you'll need some other kind of pocketable money. It will be easier if you already have some metals to trade.
(what is money? http://blog.kentforliberty.com/2009/11/requires-no-government.html )
Just as you don't only carry $100 bills or only carry pennies, you need different "denominations" of money depending on what you're trading for.
Gold is good for big items. Silver is better for most everyday trades. Silver is more manageable. Copper, too. And ammunition is sometimes even better.
If you're a gun person you have probably noticed how hard it has become to get ammo. Wouldn't you accept ammo in exchange for work or stuff? I would. Even ammo for guns I don't have, just because I know it still has value as a trade medium. Someone wants it, even if I don't.
To prepare for the possibility of government money becoming worthless, I'd recommend getting precious metals of any type whenever you can. Beware of "gold" and "silver" that originates in China; they are a hotbed of fake coins. I know-- I got a fake Morgan "silver dollar" off of eBay that seems to link back to China. Get ammunition for the guns you have first, but if you see a good deal for some ammo that someone else might need, don't automatically reject it.
And once the value of federal reserve notes falls below what you're willing to accept, stop accepting them. Insist on real money instead. "I'll trade you two 'junk silver' dimes for a sandwich"-- and if you're up to date on what things are worth, you'd probably accept the trade.
The slow slide toward collapse is harder on me than a quick implosion would be-- I think (since I've never really experienced an implosion). I hate the waiting.
I'm as ready as I'm probably going to get. The longer this drags on, the more of my preps will need to be refreshed.
My gardening was an utter failure. I will need to rely on the stuff that grows naturally rather than garden foods if the collapse gets to that point this year. I knew that was a possibility because I'm so bad at gardening. So, no real surprise there.
I probably ought to do some work on my bike to get it working better-- but the reason it has problems now is that I did some work on it last year and screwed things up. Doing more work on it might not benefit its functionality the way I hope it would.
I would like to get more firewood. Trees don't grow naturally in this region, so that means buying firewood from those who travel to collect it. I can usually find cheap wood that's not great, but burns. I had an ...
This is a cross-post with my KentForLiberty blog (http://blog.kentforliberty.com/)
As I've said recently, I feel pretty good about the condition of my preps. I've never been better positioned for the S to HTF, even though I don't think my location is ideal since there is no real outdoors (farmland doesn't count) within a couple hundred miles.
But if I had the money there are more things I'd get.
I'd get much more ammo.
I'd get antibiotics packs for everyone in the household from JASE Medical.
I'd get more water containers, sturdy ones, the kind that can stack like bricks as well as a couple of water bobs.
I'd stock up on heritage seeds, even though I'm a terrible gardener.
Even though I believe it's important to reduce dependence on electricity in anticipation of TEOTWAWKI scenarios, I'd still get a solar "generator" and solar panels to charge it.
I'd get a more secure, larger shed, and a sturdy privacy fence around my entire property.
I'd get locking gas caps, and harden my vehicles...
I ran across something I wanted to share with you. You probably already know about it and are laughing at me for being so late to the game. Just in case you don't know, I'll tell you anyway.
I have always stocked dry milk. And I hate it. I can put it in recipes and it's OK, but for anything where you need liquid milk that tastes like milk, it doesn't cut it. Yuck.
However, I recently tried Nido. I had heard about it on another prepper's video and decided to give it a shot.
It is milk, in powder form. It tastes like milk. I've eaten it on cereal, my daughter has drank it, I even let the cats pass judgment. Everyone approves.
The "best by" dates aren't far enough into the future to make me happy-- maybe that can be extended with careful, cool, storage. It's probably a trade-off due to this not being fat-free.
It's not a money-saving thing-- it's going to cost more than fresh milk. But if you don't have a source of milk, or don't have refrigeration, it is a good option to try. At the...