If a collapse occurs will gold and silver be valuable? Money as we know it may be worthless or certainly worth much less, but what about precious metals? Many people own these specifically as insurance against a collapse occurring. Are they worth acquiring and owning?
There are two types of collapses. One is an economic collapse, and the other is a total collapse of society. These are extremely different scenarios so let’s look at each separately.
In an economic collapse, the economy and currency lose significant value. An economic collapse might effect your country but not others. Precious metals will probably hold their value and can be converted into other more stable and safer currencies. Gold and silver would be great to have in an economic collapse. Whether you physically own them, for example in a safe or buried in your backyard, or have them held in an investment account for you, the results should be the same.
If society suffers a total collapse, hopefully something we’ll never see, what will be in short supply will be hard goods like food, drinkable water medicines, weapons, and more. Thirsty people will not trade potable water for shiny metal. Eventually, when society reassembles, they may have some value. If you physically possess them, you may be in luck. If they were held in an investment account, they may be gone forever.
So, gold and silver are great to have in case there is an economic collapse. In case of a collapse of society, it’s much much better to have goods such as water, food, and medicines.
Source by Harold Baldwin
If a Collapse Occurs Will Gold Or Silver Be Valuable?
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