First, let me thank you for the great blog and the hard work that goes into it. I have been following it off and on for about a year & 1/2 now but have become more a regular reader since I feel that the rumblings of civil unrest here in America are becoming more frequent & increasing in volume. Having said that, I am your typical American suburban dad with wife, kids, mortgage, etc but have my eye looking years down the road. I agree that one should have physical gold in their possession for when the SHTF. Not being an expert at all on what I should be paying for gold in pawn shops but more comfortable with buying coins, what are your recommendations for acquiring gold coins? I fear that if I go to a coin dealer or some type that I will be paying too much.
Again, thanks for your time and your blog.
Thanks Adam for your email, unless you have someone you trust to deal with, I recommend buying on line, check out Apmex, they are the better known dealers as far as I know.
If you’re on a budget you might want to buy silver instead. It will depend on the budget you’re dealing with but even one or two silver eagles a month adds up quickly.
Stick to gold and silver American Eagles, but if you find other good offers such as Krugerrands, Mexicans, Maples leafs or Pandas at Apmex go for it. Even if you buy gold, you will want to put some of that money into smaller denomination Silver Eagles. Some pre-65 dimes as “change” isn’t a bad idea either. For the bulk of your precious metal savings, go for gold eagles if you can afford it.
Of course before putting money into precious metals you should have the basic gear and supplies often discussed here. No point in stocking up on metals if you don’t have enough food to deal with disasters, including economic ones. A year worth of food for your family translates into a lot of peace of mind. A couple weeks worth of water already stored and means of purifying more. Camping gear, lighting, heating, cooking, first aid kit and at least one handgun for defense.
Take care and good luck!