This brings us to gold: this metal occupies an interesting niche, because its value is driven chiefly not by industrial applications, but by direct consumer demand and by its status as a mainstream financial instrument. In fact, investors and governments alike frequently flock to it in times of economic uncertainty and stagnation, as they did in the wake of the financial crisis of 2007. Of course, this goes both ways: should the economy pick up steam, the demand may decrease and the currently elevated prices of gold may fall closer to their historical, inflation-adjusted average of $800 per troy oz. Still, the metal is an interesting and reliable hedge against economic disasters, especially given that it is very easily bought and sold. If you are worried about hyperinflation, you may want to convert some of your savings into this shiny commodity, although I wouldn't go over 20-30% or so.
Where are you going to keep this emergency food? You don't need tons of extra space, but you do need some, ideally in cool, dry place where moisture and pests can't readily get into it. Walk around and check your most-used cupboards, closets, and storage areas. What's in there right now? How much of it do you actually use? Chances are, you have a lot of extra kitchen and home supplies lying around that could find a better home somewhere less readily accessible, like the basement.
I asked Hoffman to estimate what share of fellow Silicon Valley billionaires have acquired some level of “apocalypse insurance,” in the form of a hideaway in the U.S. or abroad. “I would guess fifty-plus per cent,” he said, “but that’s parallel with the decision to buy a vacation home. Human motivation is complex, and I think people can say, ‘I now have a safety blanket for this thing that scares me.’ ” The fears vary, but many worry that, as artificial intelligence takes away a growing share of jobs, there will be a backlash against Silicon Valley, America’s second-highest concentration of wealth. (Southwestern Connecticut is first.) “I’ve heard this theme from a bunch of people,” Hoffman said. “Is the country going to turn against the wealthy? Is it going to turn against technological innovation? Is it going to turn into civil disorder?”
Light: It’s fine to have battery-powered flashlights for your home — provided you have some extra batteries around. We love this Mag-Lite XL200 LED flashlight because it’s tough and has multiple modes including SOS and dimmer timer. It’s a good idea to have crank-powered flashlights as well. And make sure you have candles, like this pack of six 115-hour emergency candles.
If you find yourself in trouble and forced to walk to a local town or service station, you’ll want to be sure you have a small amount of money to help solve problems and allow you to get back home. You needn’t bring along thousands of dollars, enough to pay for a hotel room and some food is probably adequate. Be sure you convert your funds to local currency if you are traveling abroad. Always keep paper money in sealed plastic bags to protect it. You may even consider using a pre-paid debit card or a credit card in your survival kit, instead of cash.
The Ultimate Survival Kit is the perfect upgrade for your survival needs. Built to be durable under the most extreme conditions this bag will hold the contents of any of our survival kits as well as extra clothing and other personal items that you will need in an emergency situation. There are 6 external pockets for easy access to your supplies. The laptop compartment makes this a great daily commuter bag. External straps allow you to strap on extra supplies and gear.