“I’ve been rich and I’ve been poor, and rich is better.” – Mae West
I’ve met a lot of survivalists over the years. All of them have their own flavor of apocalypse… war, plague, famine, pole shift, EMP, space invasion, religious events, comet strikes, economic issues, etc, etc. My personal belief is that the most likely event to send folks scrambling to their bunkers will be economic. You could probably make an argument that the Wuhan Flu has proven me wrong. I don’t think so… after all, one of the side effects of this pandemic has been a level of economic upheaval, hasn’t it?
I try to be prepared for most eventualities….power outages, blizzards, etc. But, for me, I believe that the small, personal, intimate EOTWAWKI events like a job loss, illness, unexpected expense, etc, will occur with a far, far higher level of likelihood than an EMP or Chinese invasion.
So, while I keep a buncha freezedrieds and ammo on hand, I have found that having financial resources has been a lifeline more often than parachute flares have. Or, as I’ve said before, I’ve needed $50 bills far more than I’ve needed .50 BMG.
I can’t tell you what I think a survivalist should do to cover their financial butt because everyone’s situation is difficult. YMMV. I don’t have a lot of money, nor do I make a lot of money, but what I do have is an exceptionally strong desire to not be hungry and houseless. So, my money goes into a few places –
- Cash
- Investments
- Metals
- Goods
I keep cash around because it’s basically duct tape – when the world isn’t coming to an end, cash (or money) is the ultimate multitool. It puts roofs on houses, fixes flat tires, paints living rooms, digs ditches, repairs cars, replaces hot water heaters, feeds kids, transports goods, etc. When civilization hasn’t hit the bottom, cash solves 99% of your problems.
I invest on a regular basis because cash loses value if you just let it sit there in an envelope in the gun safe. (Can’t get around it…some cash must be kept on hand, immediately accessible, and that means some exposure to inflation risk.) A thousand dollars next year will buy you less stuff than what a thousand dollars will buy you this year. Thats inflation workin’ it’s mojo. If you want your $1000 to be able to buy that same $1000 worth of stuff in ten years that it could buy today… you need to have your money ‘make money’. So..I invest. And, yes, if the big EOTWAWKI happens I could lose all the investments. Thats why I have more baskets to put my eggs in than just that one. And, while I recognize the possibility of an event happening that would wipe out my investments, I’m comfortable with it’s level of unlikeliness that I don’t mind putting some money into the market. Nothing fancy…just fire-n-forget mutual and index funds. It’s worked for me so far. At some point I’ll probably put money into some more real estate as well.
I stockpile cash, I feed investments, and I buy metals. I don’t buy metals for an investment because if I need to use metals to pay for the necessities of life then the odds are pretty good that the currency has gone haywire…and why would I trade a 1/10th Eagle for a wad of green paper that is short circuiting? I set an amount, in ounces, I want to own by the end of the year and work towards that goal. I just buy 1 oz. silver rounds or bars. Eagles and Maples are nice but not worth the premium, IMO. Gold is never cheap, no matter what form you purchase it in. Just know that you will always walk funny after buying gold but it’s worth it for the peace of mind. I have a silver coin in my desk that was minted over 2000 years ago. It can still buy me things. No nationally minted currency can say that. Yeah, you can’t eat it, burn it, or shoot it…and yet it still works as a near-global unit of exchange. Go figure. And, historically, metals is the way to go in that ‘in between stage’ where the currency is going bad but before we hit the tradeing-cigarettes-for-food stage.
I don’t stock too many things expressly for the purpose of using them as trade goods because a) thats a lot of space and b) metals and cash take care of most of those needs. But…if things ever really hit Mad Max status, having desirable goods gives you bargaining power. Don’t stock anything you can’t use yourself if you need to. For me, handguns and ammo fill the bill. Compact, valuable, and in a crisis their value goes up exponentially. If you don’t believe that then just go try to find a box of 9mm and a G19. If you can think of a ‘civilization’ anywhere in the world right now where the currency is worthless and its basically every man for himself, there is little more valuable in that place than a firearm and ammo. A cheap 9mm (S&W SD series, Ruger P or American series, anything by Taurus, HiPoint [kinda], etc.) and a box of ammo will probably be the next smallest form of concentrated wealth after gold. Trading guns is always a risky business, so it’s never my first choice but when natives are restless there is no denying that people will pay whatever it takes to buy a talisman that makes them feel safer. (See Current Situation.) Also, as I’ve mentioned, I don’t stock anything as a ‘trade good’ that isn’t something I can’t use for my own needs. I can always use extra food, extra guns, extra fuel, extra meds…so for me it makes sense that if I was going to keep something as ‘trading stock’ it would be those things. I don’t smoke, I don’t drink, and I don’t have a uterus, so stockpiling booze, smokes, and tampons doesn’t make sense for me. In short, if it has no utility to me if I wind up having to keep it, then I’m not spending resources and space on having it on the off chance of trading it to someone else.
I’m the most optimistic survivalist in the world… I think the likelihood of a localized EOTWAWKI (job loss, injury, hurricane, transmission replacement, etc.) will happen more frequently and sooner than the big one (EMP, comet strike, Xenu, etc.), As a result, my priorities, financially, are on cash and investments….metals and trade goods are in that order. I’ve needed plumbers far more often than I’ve needed combat medics, and my financial planning reflects that.
Anyway, thats how this particular survivalist arranges his financial resources. You do what you think makes sense to you and your situation, but do something. Don’t be caught flat-footed if the world ends, and more importantly, don’t be caught flat-footed if it doesn’t. A solid retirement if the world doesn’t end, and a basement supply depot if it does….that’s kinda what I’m shooting for.