Tips For Surviving A Financial Collapse
It’s funny really, about half the people I talk to are scared to death of a financial collapse. The other half, who are educated types that should know better, haven’t given a thought about what they’d do in case of a collapse of the American financial system. Even though a collapse of the American economy would cripple our country, (not to mention most of the World) every family should take steps to minimize the effect a collapse would have on them.
Here are a few tips you can take to ensure your family at least has a small advantage over those who are caught totally off guard.
Chances are that in case of a financial or economic collapse, your money will be worthless. At the very least, it will be worth a lot less than face value. Due to that, you should have a plan on how you’ll get the basic necessities for survival.
I recommend putting back silver and gold. Not in the paper form, but in the physical form. Set back some silver bullion, silver coins and even silver jewelry. The same goes for Gold. During the economic collapse of Argentina, people found they could sell their gold and silver jewelry for spot prices, which made this more valuable than currency.
It also wouldn’t hurt to have some currency on hand. Like I said above, it will probably be worthless, but you’ll still have some people willing to trade for it. When the end of the world as we know it comes about, there’ll be a lot of people thinking foolishly. Try and not be among them!
If the collapse lasted any length of time, you’ll see the bartering system start coming alive. Make sure you’ve put back a good quantity of items that other people will find valuable if the currency is worthless. What kind of items? Things such as food, guns, ammo, tools, clothing and personal toiletries will all be in big demand. Never underestimate what someone will trade for!
Related posts:
- Gold Spot Trading
- Squash the Gold Bug
- Buying Gold With Gold ETF’s
- Debt Consolidation With A Home Equity Loan: Some Facts
- Stock Tips to Trade Online