How Much Silver Should a Prepper Have?

how much silver should a prepper have


Silver is the poor man’s gold.  So they say.  However, silver has become a very important metal for producing goods today.  In past history it was the most widely used form of currency.  Precious metals and in particular silver, is still today the best security against inflation or a potential collapse of the economy.  With that being said it is important to know how much silver a prepper should have.

There are many different silver stacking strategies that a prepper could approach.  In order to do so we need to determine how silver could be used in different scenarios.  There are different types of silver with some being more liquid than the others.  So in this post we will be talking about how much silver should a prepper have for different scenarios.  There is no one size fits all.

How Much Silver Should a Prepper Have?

There are four different scenarios that we are going to consider when trying to determine how much to have.  We will also examine how they can be used in each scenario.

Unemployment or personal financial crisis

The average American changes jobs every 8 years.  Sometimes the employee chooses to leave.  However, there is a high probability that you will either be laid off or fired in your lifetime.

First it is important for everyone to have at least 6 to 8 months’ worth of expenses saved up for emergencies like these.  Not only is there the potential of losing a job but there is the potential for health problems or getting injured which can affect your well-being.  6 to 8 months of expenses is a good rule of thumb when it comes to savings.

Now you can have that money saved in dollars or another type of fiat currency.  However, there are threats associated with keeping your savings in fiat currency.  One is inflation.  The other potential threat is if you have that money saved in a bank.  They ultimately will decide if you can have access to your money while it is in their possession.

The other option is having a stack of silver stored securely.  You will want to have silver that can be easily liquidated like minted coins such as Silver Eagles or Canadian Maple Leaves.  For the most part you are able to walk into a coin shop and sell them while possibly recouping the premium on them.  Otherwise, you can sell them online which may take a little longer.

The great thing about having your savings in silver is that you won’t have to pay any penalties to access it.  Personal savings accounts, IRAs and 401k will charge you a penalty in order to access your money.  So you will not be receiving the full amount.

So how much silver should a prepper have for a personal crisis?  I would believe that 6 to 8 months’ worth of expenses would be realistic.  Most unemployment stints typically last about that long.  You could also have a portion of those savings in the bank just to diversify your savings.  Diversification will reduce risk.

Personal savings

The interest rate for savings accounts in the United States yield extremely low.  On top of that it doesn’t really stay consistent with the inflation rate.  So the 5 dollars that you have saved in your bank 10 years from now will not be able to purchase the same that you did back when you deposited it.

Having a silver stack again helps you to diversify your portfolio when building wealth.  You want to have something tangible and something that is liquid.  On top of staying consistent with inflation the price of silver has been steadily increasing for a few years now.  You may not make a killing but it will be a nice conservative profit margin that you can earn.

How much silver should a prepper have for personal savings is really dependent upon your goals and silver stacking strategy.  There really is no right or wrong answer when it comes to this.  It’s a personal preference.  Ultimately the big thing to focus on when it comes to savings is diversification.

Financial Crisis

Back in 2001 and 2008 the United States had a major financial crisis.  During this time the price of precious metals skyrocketed to all-time highs.  This is because investors were reassigning their investments from the risky stock markets into something more conservative such as precious metals.

During this time we had extended stints of unemployment.  For example, it took me two and half years to find another job after being laid off in the beginning of 2009.  Many other people suffered for longer than I did.  It was hard to recover.

Unemployment during a financial crisis it totally different than unemployment when the economy is well.  Typically you are able to find a job faster.  However, many companies just couldn’t afford to hire anyone at the time despite the job market being full of knowledgeable people.

Not only were we affected with by high unemployment rates but even banks began to restrict access to people’s money.  We saw thousands, if not millions, of people lose money in their retirement funds and in the stock market.  People’s entire savings were wiped clean.

How much silver should a prepper have during a financial crisis is something really challenging to consider.  That determination is really dependent upon the health of the economy.  Of course, the conservative 6 to 8 months’ worth of expenses would be a no brainer.  However, some people suffered for many years.  So I would recommend anywhere from 6 months to 2 years’ worth of expenses to have stacked in silver.

Economic collapse or SHTF scenario

An economic collapse would cause a complete readjustment of the world’s economic system.  The dollar and even most coins would become worthless during this time.  Stores would no longer be accepting them.

Instead most stores that remain in business during an economic collapse will be turning to precious metals or possible even bartering.  Initially stores will begin accepting junk coins because they are 90% silver and are minted.  So they can be recognized and have an actual value behind them.

Eventually most people will begin to run out of junk coins when making purchases.  At that time it would probably be best to take minted bullion such as Silver Eagles to get melted down in return for junk silver.  It’s doubtful that stores will begin accepting silver bullion for purchases but it is a possibility.  Either case, it would be important to add diversification in your silver stacking strategy.  There are 3 different types of silver that preppers should have including: junk silver, minted bullion, and generic rounds.

At that time people will probably be bartering among themselves.  Again, minted coins like Silver Eagles will be highly accepted because they are recognized and you can typically spot a fake one.  When you see a Silver Eagle you know that you are getting 99.9% silver.

How much silver should a prepper have for an economic collapse is really tough to say. We’ve seen in the past that it has taken countries like Argentina 5 to 10 years to fully recover.  However, that doesn’t mean that you should have 5 to 10 years’ worth of silver stacked.

Ultimately as a prepper it is important to prep strategically so that you become crisis proof.  I harp on this quite often but bugging out and bartering should not be Plan A in your preparedness plan.  As a prepper your goal should be to become completely self-sufficient.  That way you are not affected by external factors which I will be talking about in my upcoming book.

So I would say maybe 2 years’ worth of expenses saved up in silver for an economic collapse.  But you should begin becoming self-sufficient by growing and raising your own food, producing your own power supply, etc.

Beginning with stacking silver I suggest going to SD Bullion.  This is because they give you the ability to buy silver according to your budget.  Most online stores will require a minimum order of $100.  Start off with buying $20 to $30 worth of silver each week.  It will begin to accumulate while not breaking your bank at the same time.  Feel free to contact me if you have any questions about buying bullion through SD Bullion because I am quite familiar with them.

In conclusion, when considering how much silver should a prepper have you need to take into consideration the different scenarios that it would be useful for.  Then put together a silver stacking strategy accordingly.  Feel free to leave a comment below if you have any questions or suggestions.  Your feedback helps the community prepare the smart way now so that we can thrive later.


Photography by Eric Golub


how much silver should a prepper have