By Garfield Refining
There’s concern everywhere about worst-case scenarios—economic collapse, environmental disaster, political catastrophe, world-scale terror—and citizens want to be prepared. Along with stockpiling food, fuel, weapons, and supplies, they’re often told that, with the economy at risk, they should be acquiring precious metals, which will hold their values as currency, in the traditional terms, loses its purchasing power.
But precious metals are valuable for a reason—a reason that goes far beyond the value arbitrarily placed upon the currency of the day. Gold, for instance, is useful in various practical applications—but its usefulness is remarkably limited when compared with other precious metals like platinum, silver, and lead. Precious metal refining should be of primary interest to those with an interest in an uncertain future.
Platinum perhaps tops the list of precious metals survivalists should be aware of. With its ability to withstand high temperatures, it is invaluable in glass production. Some examples would be the production of liquid crystal displays for computer monitors and television screens, as well as the glass fiber ubiquitous in U.S. manufacturing.
Platinum is used in electrical and electronic components. It is used in catalytic converters, spark plugs, oxygen sensors, and numerous other automotive and engineering applications. It is also a main ingredient in numerous drugs for treating cancer. Platinum refining should be a key component of any survival strategy.
Silver is another precious metal whose usefulness far exceeds its value as currency. Though you might think of it in terms of jewelry or coins, silver’s primary use in our day—and in days ahead—is industrial. Whether in cell phones or solar panels, photography or medicine, silver is remarkably valuable for its thermal and electrical conductivity, it resistance to corrosion and oxidation, its antimicrobial and non-toxic qualities—and, finally, its luster and reflectivity. More abundant (and thus cheaper) than gold, silver can take the form of powder, paste, flakes, salt, sheets, or wires. It should figure in any survival strategy that purports to build a future.
And let’s not forget lead. Lead soldiers? Lead bullets? That’s the least of it. Though it doesn’t have the flashy reputation of other precious metals, lead is remarkably useful and valuable. For centuries, it has been used to make ammunition, line vaults, and glaze ceramics. It has been essential to crystal, paints, protective coatings, and plumbing. Survival without lead would mean a poorer, less workable world. It has been used by humans for over 5,000 years—and its uses will no doubt outlast civilization as we know it.
At the end of the day, or even the end of the world, one cannot overlook the importance of being prepared for whatever is ahead. The difference between surviving and not surviving might just come down to the precious metals you have on hand when the time comes.
This article was provided by Garfield Refining, a 120 year old precious metal refinery in Philadelphia, PA. Offering services to both individuals and businesses across the nation, Garfield Refining buys, sells & refines precious metals including gold, silver, platinum and palladium. For more on Garfield and updates on precious metal prices follow Garfield Refining on Twitter.