Should we hold onto any US dollars?
February 8, 2010 by Bob Livingston
(You say) to get some money out of the U.S. while it’s still legal to, plus to exchange paper money now for much more later. How does one go about this? I’m new to this website, so I may have missed something. I’m in the process of investing in stocks, which I’m also new to. Should I be doing something else with my investing money? (I’ve stored a couple of years food, beside farming my couple of acres so we can preserve what we grow. I’ve also bought silver and pre-’65 silver coins. How much silver needs to be held? I refuse to buy gold, because I think it’s going to be harder to barter with.) Should we hold onto any U.S. dollars?
Glad to have you as a reader. If you have stockpiled food and are in a position to farm a plot of land, you are more prepared that most. I and my guest writers have written a host of articles about wealth and asset protection. Click on the Asset and Wealth Protection and the Preserving Wealth links under the News and Article Categories section to access these. In a nutshell, I bought Swiss Annuities and gold and silver.
For silver, I recommend pre-1964 junk silver coins. I believe these will be easily useable for currency because they look familiar to everyone plus they contain silver. I see us devolving to a barter economy when the collapse comes, so you need to accumulate as much as possible. Be careful with stocks, as most are due for a crash in the coming year. Stocks in precious mining companies and commodities are the exception.