If you’re inclined to buy gold, get coins you can physically possess, not gold stocks. Then be sure you can keep it secure.
But I want to give you some reasons why not to buy gold for survival.
Please understand, I’m not a monetary or legal expert by any means. These comments are aimed at the average person or family, and I hope they prove useful.
From a practical viewpoint, if things really become desperate and standard money isn’t worth anything, gold coins are harder to exchange than silver coins or goods for barter. It’s also possible the government will confiscate gold as in the Great Depression. Do you think you would be prepared to contend with such an eventuality?
For decades jobs have been outsourced or have gone to illegal immigrants. Personal mortgage and credit card debt leaves little or no wiggle room. The general standard of living may go down, especially if the dollar collapses as the world’s reserve currency.
It’s my opinion that a worthwhile survival investment is long term storage food. After all, you can’t eat gold, and you must feed yourself and your family. Invest in gardening supplies so you can grow your own food, too.
Anything you can do to prepare for trouble is a worthwhile investment.