Imagine a worst-case scenario. It could be hyperinflation—it takes a wheelbarrow of cash to buy a loaf of bread and you no longer have enough money to buy even a small item or piece of food. It could be a nuclear war, a devastating act of terrorism, an EMP attack—banks are shut down, cash is unavailable. Even in more temporary disasters such as an earthquake or a hurricane, cash could become rare or worthless if people are more interested in food and supplies. How do you prepare for this? You’ll need barter and trade items. There are several options:
Although PMs are a great thing to have as a part of your portfolio in order to protect your wealth, they might not be ideal in a survival scenario. If TSHTF, most people are going to be more interested in things they can use than gold and silver. On the other hand, many people believe in the intrinsic value of precious metals. In a survival situation, metals could emerge as a popular form of currency. This is why I recommend getting some metal, but don’t put all your eggs in one basket. It’s probably best to buy silver instead of gold because even small pieces of gold are too valuable to trade for any items you would want from your neighbors. Try a site like apmex.com where you can buy a roll of 20 American Silver Eagles.
Alcohol and Tobacco
Again, don’t put all your eggs in one basket. In survival situations, nicotine addicts are going to become desperate and will trade useful items so they can smoke. And if times are tough, a lot of people will crave spirits so they can temporarily escape the reality of their situation. However, if things are really bad, your alcohol and tobacco might be useless. In a post-apocalyptic scenario where people are starving, even nicotine addicts and alcoholics might be more interested in food. I recommend storing a few cartons of cigarettes and several small bottles of alcohol, but no more. Note: If you have a drinking problem or are an ex-smoker, please don’t store any alcohol or tobacco. It might become too difficult to resist.
The point of this article is that in most survival situations, people are going to want things they can use. If you want to store up items you can trade, they need to be useful and have a great space-to-value ratio. For example, people might want shovels, but they might also want lighters and a pack of lighters takes up a lot less space than a shovel. Not to mention they are very portable, a necessity when visiting your neighbors and making deals. Here are a few recommended items:
Apple cider vinegar
Dried soup mix
First aid kit
Glasses repair kit
Plates and bowls
Pots and pans
Tuna fish (in oil)