Surviving an Economic Collapse – Is Gold the Answer?

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Surviving an Economic Collapse – Is Gold the Answer?

After all that happened in 2016, facing a major economic collapse is no longer impossible. Thanks to Brexit and the unexpected twist in the U.S. presidential election, an uncertain future awaits us. In this case, prepping for our survival would not be an act of paranoia, but rather would be a wise move. During these economically uncertain times, it is important for us to make sure that we will be financially stable in the coming years. But how could we as the currency keeps fluctuating on a regular basis. Well, worry not since there might be a solution to this problem after all. All you need to do is make sure that you invest a part of your savings in gold. Here are some facts that will convince you that this is a good move.

Physical Gold for Enhanced Safety

If you are indeed investing in gold to ensure your future survival, always opt for physical gold. Investing in gold exchange-traded products is not a wise idea if you do not have physical gold in hand. If the system does collapse, all investments in paper will be useless. Therefore, prepping with physical gold is the most suitable option to increase your chances of survival. So, if you are planning to invest in gold, make sure that it is physical gold. You can either opt for bullions or gold coins depending on your personal preference and the amount of money you are investing.

Many Birds, One Stone

The best way to prepare for an economic collapse is to invest in precious metals such as gold. By possessing assets such as gold during economic crashes, you can enjoy numerous benefits. Firstly, since precious metals are extremely liquid, they can be sold quickly and easily. During an economic collapse, many people will definitely accept gold in exchange for goods and services. Secondly, gold provides relative stability in value. When the value of the currency falls down, the value of gold goes up. So, you need not worry. Thirdly, physical gold is relatively easy to move around. If you have invested in gold bullions or coins, you can move them discreetly and safely. Most importantly, even if the economy does not collapse, investing in gold will turn out to be profitable as the value of gold is always on the rise.

Plenty of Sources

Finding gold is not as hard as you think. Since the industry has picked up over the years, there are plenty of sellers in the market. Of course, this does not mean that you can trust the first seller you come across. Since precious metals such as gold are of extreme value, you need to tread cautiously. Before you purchase gold, make sure that the seller is credible and well-reputed. Purchasing gold from reliable sellers such as Lear Capital is a wise idea since you know that the product will be authentic. Whether you are buying the gold online, through bartering or in the form of jewelry, make sure to deal with a reliable party.

These facts reveal that gold is indeed the perfect answer to your prayers during an economic collapse. So, waste no more time and start prepping now!

 

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As James Allen once said, "A man sooner or later discovers that he is the master-gardener of his soul, the director of his life." Meaning, what we do today will influence how we live tomorrow; so we must be prepared for the unexpected events that happen in life. My goal for Survival 24x7 is to continuously find helpful resources from around the world to help you become more self-sufficient, prepared, and ready for survival. Why? Because you never know when SHTF!