You Can’t Eat Gold… But It’s Portable, Easy To Trade and Confiscation-Proof
April 11th, 2014
If you need cooking oil you have to exchange it for gold. If you need soap you have to exchange it for gold. Everything is gold, gold, gold…
For everything they want gold…
Residents, Zimbabwe (2009)
If you’ve conducted even a preliminary investigation into the global economic situation you’ve likely concluded that something isn’t right. As noted previously, all of the evidence points to serious economic failure in the very near future as our day of reckoning approaches. The decline itself has been taking place for years and we’ve seen it happen all around us. Rather than delve into evermore evidence for why a collapse of our way of life is inevitable, the following guide from our friend Daniel Ameduri of Future Money Trends provides actionable advice designed to preserve your wealth during hard times and protect it from a government hellbent on confiscating it at the first chance they get.
What it all boils down to is owning assets of (real) value. Much of this is dependent on our individual means, but the overall strategy should be similar for everyone: diversification. This can mean long-term food stores, bartering supplies, skills development, acquisition of productive land or, in the case outlined by Daniel below, owning mechanisms of exchange that have been tried and tested for centuries across the entire globe.
Whatever your approach, consider the points Daniel highlights below as you build your own collapse insurance stockpiles. Though his article focuses on gold and silver as future currencies in the event of a US dollar crash, your other supplies should have a similar elasticity and desirability in the (underground) marketplace.
Despite our best laid plans, keep in mind that in a collapse scenario we’ll be faced with situations for which it may be impossible to fully prepare for in advance. That being said, whether you are storing gold or stockpiling food, be sure that at least some of your supplies are portable, confiscation-proof, and easy to trade in a worst case scenario.