5 votes

Need Advice To Help Start Preparing For Hyperinflation

Hello my fellow DP'ers my question is exactly what my title says, I need help in figuring out what to prep. Should I start hoarding more silver and gold? should I buy american silver quarters and dimes even though I'm Canadian? And what about alternative fuel sources for cars if there is such a thing.

I already am starting to gather some water, food, and dry goods; rice is good and I'm usually canning most things here and there. I'm also looking into acquiring firearms, I believe a rifle, shotgun and handgun combo is the smartest thing to do. I doubt I'll use them since I'm not in America but hey you never know when you could need them.



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I would say the 4 G's

1. God
2. Guns and Ammo
3. Grubb and Water http://dontstarve.mygofoods.com
4. Gold and silver http://fortresspmg.com

Cyril's picture

+1 DITTO !

+1 DITTO !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

No.7's picture

WATER WATER WATER

Spend you're money on water, then guns, then gold/silver. Food is everywhere, you'll never run out of worms, field mice, crickets...etc. It sounds gross but you'll be able to find food to survive everywhere. What you won't be able to get is drinkable water. In my opinion of course

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

If you can, get land

And of course, means to defend said land.

Stocking up on food is a great idea, but growing your own brings a certain peace of mind, as well as confidence in oneself.

As far as silver and gold, I'd say stick with junk silver unless you have a lot of "extra" wealth that you want to store.

Storing water is fine, but unless you have a lot of room, it won't last long. Better to find a way to collect/purify your own (provided you can).

Also, if you're a SHTF type, grab toilet paper, liquor and various hygiene/first aid products as well as winter clothing. I say this because not everyone is going to want silver/gold in a SHTF scenario, that's for after the smoke clears.

A signature used to be here!

Cyril's picture

+1 Makes for very good (common) sense, IMO.

"I say this because not everyone is going to want silver/gold in a SHTF scenario, that's for after the smoke clears."

+1 Makes for very good (common) sense, IMO.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

If you're talking about preserving your wealth in REAL money...

If you're talking about preserving a part of your wealth in portable, divisible, recognizable, REAL money, then yes, gold and silver are two safe ways to go, by simple, millenniums old, broadly shared wisdom.

Silver, below 30/oz is A TOTAL bargain currently, by the way ! It may go even a little lower (say, in the 28ish) but :

1. I doubt it could go much lower than that;

2. and anyway, once it retraces back up, the odds for it to become as "affordable" as right now again will likely drop very, VERY fast; though I could be wrong, sure.

I cross fingers to be able to stack a couple more hundreds of ounces of silver over 2013, and I'll consider ourselves lucky if we can stack more than just a hundred ounces over 2014, and after (assuming you're like me in the working "middle class" and neither a millionaire or a total dependent on the state)

Useful links :

DPers advice :

http://www.dailypaul.com/264066/investing-in-silver-as-a-col...

For prices awareness :

http://www.coinflation.com/gold_coin_values.html

http://www.coinflation.com/silver_coin_values.html

http://www.comparesilverprices.com/

http://www.kitco.com/charts/techcharts_silver.html

Some silverbugs (and a few goldbugs) I watch regularly (all on Youtube) :

Alexiscom1, BrotherJohnF, endlessmountain, FractalSigns, goldenticker, MrThriveAndSurvive, SilverCoinNews, silverfuturist, ytgv3fc7

'HTH !

P.S.
Oh, and yes, dear wife is a prepper too; she took care and continues to (and train me) about the food items, portable burners, water filters, batteries, crankable flashlights/radios/chargers, electronics parts, etc. Of course.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius