No society, or its currency, lasts forever. The Roman Empire collapsed and took the Denarius with it. The fall of Germany led to the hyperinflation of the Weimar Republic. Be it next year or next decade, the United States dollar will collapse.
At this point, it’s a mathematical certainty. Either through our national debt and liabilities or the actions of our financial enemies, the global dominance of the US dollar will end.
When this time comes, you will need to be prepared by exchanging your dollars for more tangible goods.
The goal here is to preserve your overall value for when the dollar re-surges or to convert your dollars into something more exchangeable (barter).
Think of the stories of the Weimar Republic (exaggerated or not) where a citizen would bring a wheelbarrow full of cash to the grocery store. Soon after the wheelbarrow was stolen, and the cash was left.
When money loses value, history has taught us that any cash that isn’t turned into hard goods is soon worthless. Let’s look at the 15 things to own when the dollar meets its eventual end.
The king of dense value is gold. From biblical times to modern times, gold is one of the best stores of wealth. Collect 1 ounce and fractional coins.
When the time comes, it will be easier to hand over a single gold coin vs a stack of silver or a truckful of paper money. Gold options to purchase include:
Silver has been just as popular throughout history as gold, but worth a fraction per ounce. Silver collectors around the world recognize that silver is easy to stack.
Purchasing an ounce of silver is much more affordable than an ounce of gold. As the dollar spirals out of control, the value of silver is near guaranteed to skyrocket.
Silver options to purchase include:
Your safe doesn’t need to be stacked with only gold and silver. Other metals have value that may be useful in times of need.
Collecting all-copper pennies and true nickels is currently very easy and may be worth real money in the future.
All nickels are worth more in melt value (value of the base metal) than the face value of the coins. The same goes for pennies minted in 1981 or earlier.
While it’s illegal to melt them down currently, they may be exchangeable at a future date for much more than their face value. Metals to stock up on now are:
Barter items are always good to have on hand. Even little items can be useful in times of scarcity. Your imagination is the only limit of the possibilities. Some ideas include:
Where there is no money, barter rules. When you need to exchange for something big, you need to have something equally valuable.
Generators, communication (HAM radios), even clothing — specifically winter clothing (hit the Salvation Army, Goodwill, and other thrift stores for cheap stockpiles of bulk clothing).
Don’t stop there, Solar systems, heating and cooling systems, as well as water processing options will all gain value as the dollar collapses.
People will always want the convenience of electricity as well as the comforts that they have been used to.
As a result, they will pay or trade handsomely for those items. Soon, the paper you invested will grow in value several times over.
Large barter items to exchange for your cash include:
Foreign stocks, mutual funds, and bonds are sound investments during strong times. When the dollar collapses, investors will panic for safe havens for their investments.
Bonds are traditionally more stable than other investments however they tend to earn less than stocks and mutual funds.
In times of financial stress you are looking to preserve your value as gains will be few and far between.
Move your money into foreign bonds of historically stable countries such as Australia and New Zealand.
Protein is one of the hardest foods to store. Keeping it “on the hoof” is the best way to have a fresh supply.
From rabbits and chickens to goats and cows, livestock, if you have the room, is a worthwhile investment.
As things spiral out of control, purchasing a brace of rabbits or a small flock of chickens will return your investment many times over.
Remember, a single buck (male rabbit) and four does (female rabbits) will meet the protein needs of a family of four over the course of a year.
If you have the funds, then land makes a great investment. Especially if it is of high quality and able to host a garden. As the saying goes, they aren’t making any more land.
Be it for development, farming, or for an off-grid cabin, land is a great store of significant cash. Options for sourcing land include:
As the dollar collapses, societal collapse will go hand in hand with it. The means of securing your property and protecting will take top priority.
Further, if you can store extras of your favorite defensive tools, then consider storing enough to barter with to help ensure the security of your neighbors and neighborhood.
The saying goes that when the US gets a cold, the world gets the flu. While this is largely true, there are safe havens.
Travelex has booths at most airports and will allow you to convert reasonable amounts of cash into foreign currencies (e.g., Swiss Franc).
Although the universe of cryptocurrencies is rapidly changing, Bitcoin and some of the other popular currencies are a great way to store money without having to keep it in your mattress.
Buyer beware, laws are evolving and it is possible to be locked out of your coin of choice or to have massive swings in value.
Things will always break; therefore, we will always need the ability to fix them. When currency is dying, even a hammer will gain value if you’ve lost the ability to replace it.
Exchange your currency for hammers, drills, saws, nails, screws, anything that can be used to accomplish common repairs:
Without water, we are dead in three days, while our ability to function is diminished long before that.
From mechanical filters to chemical purification, filtration is a requirement to avoid a life-threatening illness. Items to stock up on include:
We can survive weeks without food, but who wants to? Additionally, it’s a good bet your neighbors aren’t prepared. If you can share with them, you can form a community.
Long-term storage foods (beans, rice, pasta, oats) are the best hedge against food insecurity. Stock up on calories and variety:
There are materials and then there’s mindset. Tools are useless without the knowledge to use them. Investing now in classes can be one of the best stores of wealth.
Spending a little money now to gain and master a skill may be the most valuable investment you ever make. Classes to take include:
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