If you’re like me and have lost all faith in banks and governments, then investing in the precious metal market is a solid option.

The coin in the photo above has a face value of $1, but is actually one ounce of pure silver and is therefore truly valued at what the market says – currently just under $30.

Buying physical silver or gold is a good way of keeping your wealth off the grid.

The silver coins are attractive, but do cost a little over the market price. Therefore, you are slightly in arrears from the moment you buy them. However, they are a long-term investment and even though the price may drop there’s no chance it will fall disastrously. Both silver and gold have properties that are always in demand.

Another way of investing in gold or silver is through the Perth Mint. I have opened an account with ‘GoldPass’ and have already purchased a small amount of gold and silver digitally. There is an option to transfer your holdings to physical metal as well.

Only downside here is that the transactions are on the record, so those bastards at the tax office will know how much money you have invested and your capital gains if any.

I will keep an eye on how things go before making a decision to move my superannuation into a self-managed fund and directing the money into this market.

For now, it’s TAB to PayPal and then to silver coins and bars.