Currency in Failed Economy
What will people use for currency if the economy fails? This is a question that gnaws at those who wish to be prepared for every eventuality. Of course, history shows there will certainly be some bartering within communities, so your goods and skills will become commodities. But what else? The answer lies in intrinsic value. Precious Metals offer stability and intrinsic value, and have always represented buying power.
WHY BUY PHYSICAL GOLD AND SILVER?
In the case of an economic collapse, Gold and Silver have intrinsic value. Buying physical Gold and Silver means that in the catastrophic event your fiat currency becomes useless, you would still have means to procure your necessities. Further, Precious Metals’ purchasing power has remained relatively stable, meaning the same amount of Silver would get you roughly the same amount of goods in 1950, 1980 and right now. In the event of a failed economy, that kind of security is worth its proverbial weight.
APMEX recommends discussing the pros and cons of investing with a financial advisor or professional.