Silver, Gold and Cash vs. Food, Water and Skill - Surviving on Shoestrings by Donna Miller
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Surviving on Shoestrings by Donna Miller

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Silver, Gold and Cash vs. Food, Water and Skill

 Author: Donna Miller

  Recently, in a forum of which Millers Grain House is a sponsor, someone posted a question that the basis for asking is found in the current economy and trends. The question is valid as many of us wonder what is ahead.  It went something like this:

I hear a lot about having cash, silver and gold on hand for the future. Would the current investment not be better spent in another area? A can of beans that cost $.85 now may cost $8.00 after a collaspe. Just speaking for myself I would rather have food, water and toilet paper than valueless cash or glittery metals.

My hypothesis is that some cash (paper money and coins) along with precious metals such as silver or gold may be needed and appeal to some as legal tender if in the midst of an economic melt-down. However, this question deserves some serious thought as well as much warranted action.

An investment in something that will sustain your life is far wiser than saving up only gold, silver, the current currency or stock options. The list of real life assets that could easily prove more valuable to sustain life in even tougher economic times than these include (but are not limited to):

  • Water
  • Food
  • Gardening skills
  • Skill to preserve a harvest
  • Wood working
  • Survival skills (fire building, shelter building, etc)
  • Animal husbandry and small livestock
  • Sewing
  •  Anything our ancestors did 200 years ago to establish the land as productive and self sustaining.

This short beginning list of skills and vital items (and the time investment spent learning, testing and trying them) are far more worthy and look to be the more tangible options than a shiny piece of metal that cannot be eaten or share hope with another desperate person.

The best way to find out what might really be important would be to ask someone who lived through the Great Depression. With no funds on hand, what was vital to them? We may be surprised.



Helene said:

I'd like to add to the list: ample medical supplies.

Be aware of expiry dates and rotate as you buy new.

This is good for any emergency situation too like storms or sudden illness when nobody else is at home or communications are down.

Then again, I would (ideally) keep all "investments" diverse:

cash (a good old-fashioned emergency fond to rest on)

storage of water and food

storage of medical supplies

storage of non-perishables

knowledge and skills

emergency supplies, preparedness and a clear family plan

mobile phones, torches etc for everyone in the family

alternative cooking and heating means, not relying on electricity

a vegetable garden, including beans and potatoes (if you have time and health to manage the work and reasonable irrigation costs)

backyard chickens, pigeons and squabs (if you have a cheap way to feed them)

possibly rabbits

more cash, gold and silver - In a really bad security situation, they may buy you your life, passage, transportation, a way out.

January 2, 2012 6:28 PM

Millers Grain House said:

Oh AGREED Helene...

There is far more on the entire list....

Mostly for this post, I was focusing on a comparison between just the two items - precious metals or food.  

But you're right. After that question is answered putting into priority the entire LIST of items needed to be more self sufficient is very smart. Smarter still to get to work on them NOW!

Best Blessings and THANKS for the comment!


January 9, 2012 1:22 PM

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About Millers Grain House

Donna Miller is the wife of almost 29+ years to the love of her life Joseph, the mother of three home-school graduates and has one daughter-in-law. She is the hostess of the radio shows Your Preparation Station, Surviving on Shoestrings and Encouragement in the Kitchen . She and her husband are the Organizers of WNC Preparedness Group in Asheville, NC. She is an Adjunct Instructor for Frontier Christian University. She teaches local classes and ladies retreats for people to learn hands-on lost skills. She is a teacher, author, sought-after speaker and trainer. She and her husband are the owners of Millers Grain House and are the founders of PREPARE Magazine .

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