Economic Collapse: Stockpile Food And Precious Metals Now

If you’re tired of hearing about the very real possibility of an economic collapse without anyone giving solid advice about what to do, then this article will be of great interest to you. Instead of just describing the problem and talking about the coming doom, I am going to tell you exactly what to do to be prepared.

Lessons from other countries that have experienced an economic collapse teach us that the biggest impact on the middle class is the price of food. Although food prices have been rising at an alarming rate since 2010, this is only the beginning. We can expect that food will go from taking up 10 percent of our monthly income to 40 percent and for some people up to 90 percent, believe it or not.

The best way to save money for an economic collapse is not in the banks or investments. Paper money or digital receipts will be of slim comfort when the banks are closed for a few days until they can revalue our currency. There are two better places for your money to be: in precious metals and in food. Let’s look at food.

If you look at the rate of food inflation since 2010, you will see that it is much, much higher than the official inflation rate, which does not even include food. So money that is in a savings account earning a quarter of a percent interest doesn’t even come close to money that is in the form of food in your pantry for a great return on investment.

If the banks are closed, your money does you no good. But food that is in your pantry is appreciating in value and is always accessible for use to eat or even for barter.

Precious metals should be purchased in the only form that is real: physical. A certificate that says you own shares of some gold or silver fund is just paper. Try taking that to the store or bartering with it. On the other hand, a silver Eagle fits in your pocket and holds its value and you don’t need a computer to tell you whether you can spend it.

So if you take these two steps, you will be able to get by in an economic collapse much better than the average person. If you stockpile enough non-perishable food and precious metals, you could even make out when things go south.

The other thing to consider is the social unrest, riots and chaos that can spring up during an economic collapse. If you want to be prepared for everything, give serious thought to a comprehensive “prepping” plan and have an emergency kit in your car in case you can’t get home right away when the collapse hits.

Source by Mike Kuykendall

Economic Collapse: Stockpile Food And Precious Metals Now