What is the Best Type of Gold to Buy For Trading in a Currency Collapse?

Here’s our latest reader question, basically asking what is the best type or size of gold to buy for trading in a currency collapse situation…

Gold seems to always be more valuable than silver. And I’ve heard a lot about people buying ‘bricks’ of gold, but really how useful would owning a brick be? Wouldn’t it be better to own the same amount of gold in smaller amount for trading purposes? Or if the market really did collapse would it be ok to file off some gold from your brick to buy a loaf of bread? I guess the question I’m really asking is what might be the guidelines for trading gold? Would it likely be only printed/stamped gold or by weight etc..

 

Here’s our thoughts on the best type of gold and silver to buy with a view to trading it in the future:

Yes gold is (almost?) always more valuable than silver. (See here for our answer to the question: Could Silver Be Worth More Than Gold?)

However that doesn’t necessarily mean you should only buy gold.

Yes gold comes in many sizes from 1 kilogram which sells for over $61,000 down to a gram. The most common size would be 1 oz bars or coins which currently sell from around $1900.

The benefit of buying the larger sized bars is that they are better value. The overall price (per ounce) you pay when buying in larger sizes is closer to the spot price.

However you are right that these larger sized bars would not be so useful in a currency collapse situation where you may want to use the gold to buy everyday goods.

Smaller sizes would be better.

 

Why Silver is Likely Better For Trading in A Currency Collapse Situation

Silver coins for trading in a currency collapse
Silver coins will likely be a better bet for trading in a currency collapse for everyday goods

However silver would likely be even better for trading in a currency collapse. This is for a couple of reasons.

1. Buying gold in less than 1oz sizes means you’ll pay more for it on an equivalent per oz basis.
2. Silver can be bought in much lower dollar amounts, so is likely a much better option in a trade situation where you wanted to swap some silver for some everyday goods.

For more on why this is see this article of ours on the potential usefulness of silver coins in a collapse situation: What Use Will Silver Coins be in New Zealand in a Currency Collapse?

 

Gold’s Higher Value Means It May Not Be So Good for Trading for Smaller Everyday Goods

Gold could be used in a similar way but obviously it’s much higher value would limit what you could trade it for.

Shaving or filing some gold off a bar “to buy a load of bread” would not be advised as it most likely wouldn’t be so readily accepted that way. A non-expert would find it difficult to determine if it was real gold or not in that form. Also the remaining bar would be damaged and possibly missing the purity and manufacturers stamp. Thereby limiting it’s resale value.

Hence why silver might be a better option for this. A 1 oz silver coin is around $29 currently. Hence it’s likely better to have a stack of these kept for a just in case/worst case scenario.

1oz silver coins can be bought in boxes of 500 coins from just over $14,000 currently.

Here’s more information on a popular silver coin: Silver Maple Monster Box – The Complete Guide

Many people buy some silver coins as well as some gold too.

Gold has the advantage of taking up much less space per dollar value than silver. Meaning it is easier and cheaper to store. Gold is also more stable and less volatile than silver.

Head over to our order page to see why products and price are available to buy.

Or let us know if you have any more  questions or would like a quote for anything in particular.

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5 thoughts on “What is the Best Type of Gold to Buy For Trading in a Currency Collapse?

  1. Gayel Paterson says:

    My question(s):
    How heavy would a box of 500 coins be?(I’m elderly and live on my own.)
    Would they be delivered to my home by an unlabelled van? ( I wouldn’t want all and sundry to know)
    Could the coins be packed in smaller boxes for easier lifting?
    $14000 is a lot to outlay. Does anyone ever suggest going halves?!

  2. atom says:

    One way that I look at it… In the event of some type of collapse, a 1oz silver coin would probably buy a bag of groceries or a few litres of fuel. A 1oz gold coin might be better for getting people across a border, or even buying property (so the seller can use it to cross a border).

  3. Glenn says:

    Yes good point, Silver is best for trading everyday goods. Gold is best for transporting and transferring large amounts of wealth.

  4. Glenn says:

    Thanks for your questions.

    The Silver Maple Monster box’s dimensions are 245mm x 200mm x 120mm, and it weighs a total 17.213 kg. So yes they are reasonably hefty.

    Within the Silver Maple Monster Box are 20 individual tubes containing 25 coins each.

    So you can buy tubes of 25 maples instead of a full box of 500.

    Yes they are just delivered in plain packaging via a courier van so it will just look like any other courier. The goods are fully insured until you or someone at your house signs for them.

    Also check out this complete guide:
    https://goldsurvivalguide.co.nz/silver-maple-monster-box/

    Let us know if you’d like a quote for something smaller than a box of 500. Just let us know how many tubes (of 25 coins) you’d like a price for.

  5. Pingback: What Type of Gold Bar Should I Buy? - Gold Survival Guide

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