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Gold & Silver as Investment

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zenturtle:
I don't think I have ever seen such a succinct list of appropriate things to invest your time and money in to than what Magnaniman shared, that is spot on advice. 

To go more along the lines of what Woodogg was trying to touch upon:

'This was more about alternatives to traditional saving methods like 401k'

I have thought about that considerably.  I was always very anti establishment until I got a job with a company offering me 401k, stock buy and vested stock options, and all sorts of ways to invest my pay.  I never though about it and was always against the idea thinking that a 401k would not be worthwhile use of my money. 

I turned off the 401k after the first weeks paycheck needing the money to help pay for diapers and rent and such.  Shortly after I started buying silver every month or so.  I built up a reasonable collection over the past 3 years.  However one of the things I always hear in financial discussions is the word 'diversify'.  I think what's more important than having a huge pile of cash, silver, food, stocks, bonds, medicine, guns, or cryptocurrency, is to have a sizable amount of all of the above. 

If your first thought is retirement and you feel as if the world is a stable place and there will be no need to prepare with food and bullets, then go with silver, some long term stocks, some cash from around the world, hell, even turn on your 401k (which I did just recently). 

If your first concerns are that war is imminent and civil unrest is only an EBT outage away, then invest in food, water, medicine, first aid items, lighters, etc. 

If you want to be prepared for all possibilities do all of the above. 

One last tidbit, since I turned on my 401k I look at everything in percentages.  I no longer say 'I am going to save $50 every week.'  I say 'I am going to invest 1% of my pay in silver this month'.  So what it comes down to is that I put 1% of my pay in to 401k, 1% in to stocks, 1% in to silver, I allow myself another 1% for frivolous eBay spending on 'collectibles' (this is to calm my inner child of course) and the last 1% in a savings account.  Right now with my current financial burdens I can only afford to 'save' so much, but as I get paid more that 1% automatically grows with each annual raise.  Then once I reach a certain threshold where I can afford to do so I will go up to 2% or 3 % on each item. 

This has been my strategy, everything steadily grows and I still occasionally purchase additional food to store, water barrels, seeds, first aid items and other such preparedness products that I can fit in the nooks and crannies of my apartment. 

Magnaniman:
Great advice, Zen!  "Diversify!"  Diversity is the key to adaptability.  Adapting to change is one thing, but you also need to be adapted to the way things are.

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