Bartering Once the SHTF: It Is Not Just About Trading Goods with Others - Preparing for shtf (2024)

Bartering Once the SHTF: It Is Not Just About Trading Goods with Others - Preparing for shtf (1)

In reality some if not many of the items you set aside for bartering once the SHTF will be used by you, in the days and weeks following a collapse. As the crisis extends bartering will become more prevalent however.

This is not to say that tradeoffs cannot happen at any time, but what do you have that can be parted with in the early days. You have to think long term. You may not need it today but what about tomorrow.

Once society collapses, bartering will become a business, a black market business if you will, likely run by criminal elements. Individuals will have items they can barter with, but in most cases, a person would not be able to afford to part with the items they do have.

Those prepared will probably not need to barter for anything in the early days. Anyone not prepared will have nothing to barter with, so looters will be active as well as desperate people who were previously not of a criminal mindset. Looters and other criminals will steal so they can then use the stolen items to barter with and thus the black marketing of goods will begin.

Even those that prepared for a crisis likely miscalculated the amount of food and water they would use. This means that food and water would not likely be a bartering item unless food could be produced to replace what was bartered or sold and a private well was accessible and reliable, so you could afford to part with drinking water. Otherwise, people will have to hang on to the essentials to ensure their own survival.

In the beginning, everyone will need food and water, and as the crisis extends other items, items not essential to survival, will be in demand like tobacco products, alcohol, clothing, old eyeglasses, diapers, children’s items, reading material, shoes and so on. Over time however, you would probably find that no one would be willing give up a life essential for tobacco or alcohol.

Medications, water and food will be needed by everyone and if you stockpiled medications for bartering, for example, you may find you need them for yourself or family. Medications will be hoarded by everyone and typically, people will only stockpile medications they will need for themselves due to the cost, which means they would not likely barter with them. What medications could you obtain that could save the life of another unless you were a physician with access to life saving medications.

The medications you can lay your hands on now to stockpile will be what everyone else has access to in most cases. If you stockpiled antibiotics from prescriptions you filled and did not use, you may find you will need those antibiotics for yourself at some point after the SHTF.

Some people plan to stockpile firearms and ammunition for bartering, and of course they can do this but it is not recommended. What will they have that you need for surviving that they are willing to part with, because they will need the same items for survival?

So Then What Do You Do and What Can Be Used For Bartering

Instead of trading ammunition that you have stockpiled trade your skills, so this means you should learn how to reload shells. You will of course have to invest in the equipment and materials now. Once you start trading ammunition and firearms, others will seek you out for ammunition and firearms and it will get to the point where your survival is at stake, because if you cannot reload shells then of course your stockpile will deplete instead of being replenished.

You will need the skills of others, as well, so you can trade your skill for theirs. Doctors, dentists and nurses will be in high demand and at some point you or your family will need their services.

Learn how to work metal into knives, and into other useful hand tools become a blacksmith in other words. Once word gets around you can shape metal into usable items, you will be in demand and people will be willing to trade items for your services or trade their skills for yours.

Raise food and livestock that can be used for trade. There are so-called cash crops, as well, that can be raised such as tobacco. Tobacco can be raised in many parts of the country and once all the retail tobacco products are gone, tobacco will be in demand. Raising your own and knowing how to cure it would give you a tremendous advantage.

You can also learn how to distill alcohol but this requires grains and fruits, which would be in high demand and short supply in the beginning, but once food production increases distilling may be a valuable skill to have. You have to plan for the short term as well as the long term.

Clothing will be valuable and knowing how to sew to repair clothing and even make clothing using cloth and leather will be a marketable skill post collapse.

There are a number of things that you can do to obtain what you need without trading items you need for survival once the SHTF. Imagine your child needs antibiotics and all you have for trade is your food and water, and those with the medication need the last of your food and water. This is not a position you want to be in. Learn the skills now that will allow you to not only replenish your stockpiles but can be used to trade for possible life saving items.

Bartering Once the SHTF: It Is Not Just About Trading Goods with Others - Preparing for shtf (2024)

FAQs

What are the advantages of bartering? ›

The advantages of barter system are, the system is simple, there are no complexities involved unlike monetary system, natural resources will not be overexploited, power will not be concentrated in some circles, there won't be problems of balance of payments crisis, foreign exchange crisis, or other complex problems of ...

What is the difference between trading and bartering? ›

Trade is the action of buying and selling goods and services. Barter, on the other hand, is the exchange (goods or services) for other goods or services without using money.

Why is bartering bad? ›

The barter system often creates an unbalanced trade system, where parties cannot find others willing to trade. The barter system also lacks a common unit of measurement for goods and services. Since most goods depreciate with time, they become less attractive for trade and storing value.

What is meant by barter? ›

Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary. It is an old method of exchange. People exchanged services and goods for other services and goods in return.

Is it ever an advantage to barter today? ›

Advantages of Bartering

If, for example, an individual needs lumber to put an addition onto their home but lacks funds to buy the lumber, then they may be able to use the barter system to supply their needs – for example, exchanging furniture they don't need for the needed lumber.

What are 3 reasons why money is often more useful than bartering? ›

Money is better than the barter system because; it is durable, portable, interchangeable, easily divisible into smaller units, and is universally recognized by most people. On the other hand, the barter system has challenges presented by the double coincidence of wants, bulkiness of goods, and time consumption.

How do you explain bartering? ›

What Is Barter? Barter is an act of trading goods or services between two or more parties without the use of money —or a monetary medium, such as a credit card. In essence, bartering involves the provision of one good or service by one party in return for another good or service from another party.

What are the disadvantages of bartering? ›

Other disadvantages of the barter system are inability to make deferred payments, lack of common measure value, difficulty in storage of goods, lack of double coincidence of wants.

Does bartering still exist? ›

For instance, a farmer may exchange a bushel of wheat for a pair of shoes from a shoemaker. While uncommon, barter still does occur on the margins in some markets such as the business-to-business (B2B) space and some consumer services.

Why is bartering illegal? ›

Because bartering is deemed commerce, the fair market value of the items or services must be reported on your tax return. Similarly, if a firm engages in bartering, it must declare bartering earnings on its state and federal tax return forms.

Why did bartering fail? ›

The Barter System Failed due to a clash of two competing desires, the absence of a common unit of account, a lack of information, and the impossibility of producing large quantities of expensive goods. A shared standard of value and complementary desires is another issue.

Why do people stop bartering? ›

The limitations of barter are often explained in terms of its inefficiencies in facilitating exchange in comparison to money. It is said that barter is 'inefficient' because: There needs to be a 'double coincidence of wants' For barter to occur between two parties, both parties need to have what the other wants.

Is bartering like trading? ›

Bartering is the trade of goods or services in exchange for other goods or services. No money (cash or credit) is involved in a barter exchange. With bartering, you don't need to sell anything. Instead, you make a trade.

What happens when you barter? ›

Bartering is the direct exchange of assets between two or more parties. No cash or other medium of exchange (such as gold) is used, and the assets are directly traded. Individuals, countries, and companies can all engage in this direct trade. Goods and services can both be traded in bartering.

What are 5 disadvantages of bartering? ›

Drawbacks of Barter Systems:
  • Lack of double coincidence of wants.
  • Lack of a common measure of value.
  • Indivisibility of certain goods.
  • Difficulty in making deferred payments.
  • Difficulty in storing value. Was this answer helpful?

What are the advantages of living in a barter economy? ›

Bartering presents a practical solution for surmounting financial constraints. In circ*mstances of limited cash flow or economic downturns, bartering empowers individuals and businesses to acquire necessary goods and services without relying exclusively on monetary means.

Is bartering better? ›

Bartering allows businesses to trade goods or services with each other, meaning they can acquire what they need without using cash. This provides an opportunity to reduce expenses and save money.

Which of the following are advantages of money over barter? ›

The advantage of using money in trade as compared to barter trade lies in overcoming the double coincidence of wants, providing divisibility and flexibility, and allowing for storing and transfer of value.

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