These 7 Things Are Better Than Paper Money In the Bank When the Economy Collapses
So you’ve done the hard work of getting your finances in order and now you’re looking to invest your hard-earned surplus into things that will protect or grow it.
Keeping your savings as fiat currency in the the banks may not be the safest way to store your wealth. Banks are beginning to give concrete evidence of actually penalizing you for keeping your money with them … and that’s if they don’t outright confiscate it via bank bail-in.
It would be prudent to look at investments that offer the dual purpose of getting around the banking system, while also offering ways to stockpile the tangible items that should fare much better in any economic collapse situation.
Here are seven investments that will hold value far better than cash if the current trends continue.
Food
We are beginning to see in real-real time what a collapse in the food supply could mean. One look at Venezuela should prove that even though most people believe “it could never happen here” or even that they have enough money to get what they need no matter what, this is not the case. Even the supposedly wealthy in Venezuela are waiting in long lines with everyone else.
While things are still relatively stable, it makes sense to build a food stockpile slowly but surely. You can pick up a few key food items each week at the supermarket to build up your food bank without having to spend thousands in bulk food acquisitions. It’s best to keep your storable food bank list simple and concentrate on common foods that you already consume regularly. We wrote an article geared toward foods that have long shelf lives but are also practical for most diets, so please read “10 Best Survival Foods At Your Local Supermarket.”
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