There is a similar thread on this topic already but I don't want to hijack it on my own tangent so excuse me for being a little redundant instead. In a long term SHTF world, what actual value would precious metals have? They may have some practical uses but I'm hard pressed to think of any that you need for survival. That leaves using them as a replacement for currency but I don't think many people would trade a can of beans for a silver dollar when what they need is medicine. You could be sitting on Fort Knox and starve to death in my opinion. Also depending on who rises to power, they may take your gold from you. In the USA during the great depression it was illegal to own gold. You could go to jail for up to 10 years if you didn't turn it in. The gov compensated you but then it wasn't a full blown SHTF situation and they were the good guys. Of course there could be a short term situation where you are certain the gov will restore order and not steal your gold but do you base your preparations on that scenario or do you stock on ammo, meds, vitamins, food etc.? One oz of gold will buy a lot of inventory. I feel that putting away precious metals it's a half step. You invest in it now knowing it will have value later if you need to sell it and it won't spoil like other goods. It's like you're invested in being prepared but can cash out at any time. What's your opinion?