Category Archives: Financial

Cryptocurrency or Precious Metals: No Need to Choose

With the recent meteoric rise in the price of cryptocurrency such as bitcoin, preppers have been wondering whether to jump on the bandwagon with crypto, or stay the course with more traditional precious metals.  Even long term precious metals champions in the liberty community such as “Ranting” Andy Hoffman and Bix Weir have been heard recently abandoning silver advocacy positions they have professed for years.

Let’s keep in mind cryptocurrency isn’t new.  Bitcoin has been around for roughly five years.  Why the sudden swing upwards in price, while precious metals have remained relatively flat?  No one can be completely sure.  From a prepper point of view, there are definitely some advantages and disadvantages that should be considered before buying into the craze.

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Balanced Prepper Wealth Pie Chart

Prepper Resolution #9: Rebalance & Protect Your Wealth

It’s that time of year again – Christmas is over, the first hints of warmer & longer days have arrived, and the dreaded April 15th tax deadline starts to loom closer.  Before we’re totally focused on going outside and making preparations for the spring garden, now’s a good time to reflect on balanced prepping, specifically in terms of wealth distribution.  It’s often the case that due to price fluctuations, life changes, or overallocation due to specific concerns, even a seasoned prepper’s distribution of wealth can become unbalanced & less diversified.

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