The Steps You Need to Take to Survive an Economic Collapse
A financial catastrophe could be right around the corner.
Countries such as Greece have experienced a massive economic collapse, and the United States could be next.
Here are some tips to help you survive a potential disaster.
The natural business cycle suggests that the market is well overdue for a correction.
Investor confidence in Donald Trump’s economy has extended the bull market further than experts expected, but a downturn could be right around the corner.
And the problem could be exacerbated by over $20 trillion in national debt.
If spending doesn’t get reined in, an economic meltdown is inevitable.
If that happens, you need to be prepared.
Here are the six investments that can help you survive an economic calamity.
- Precious Metals
Gold and silver historically have been good hedges against inflation.
During economic downturns, precious metals tend to maintain their value.
When economics fail, governments turn to a stable form of currency.
For example, Zimbabwe began using the U.S. dollar after a hyperinflation crisis rendered their fiat currency worthless.
If the dollar does collapse one day, returning to the gold standard could be in the cards.
Also, silver has a lot of practical applications that could come in handy in an emergency scenario.
- Food
Food is one of the first commodities that can become scarce in an economic crisis.
Not only that, but chaos in the streets might make it unsafe to complete simple tasks like going to get food.
Have a healthy supply of food—both canned goods and freeze-dried meals—to tide you over during the worst parts of a collapse.
- Gasoline
During the energy crisis of the 1970s, gas prices skyrocketed and lines for gas stretched around the block.
That could happen again.
If so, make sure you have gas to keep your bug-out vehicle and generator properly stocked.
Also, gas could become a powerful bartering tool.
- Ammunition
People often joke about gas and bullets becoming the most important items in the midst of a disaster, but there’s certainly truth to it.
A breakdown in the rule of law will make survival that much more difficult.
Don’t overlook the fact that getting bullets for self-defense will be very difficult if society unravels.
- Land
Real estate will forever be a lucrative investment, but it also gives you the opportunity to be self-sufficient during a collapse.
Cultivating land and homesteading is a great way to be prepared for when the SHTF.
Owning property will ensure you’re not at the mercy of others for your shelter.
It may also become necessary to abandon urban sprawls and set up camp in less densely populated areas.
- Toilet Paper
This is obviously an overlooked item, but maintaining sanitary conditions is deeply important.
Poor hygiene can kill faster than anything.
The main driver in the exponential growth of life expectancy over the past century plus isn’t chiefly due to medicinal breakthrough, it’s a result of improved cleanliness and potable drinking water.
