Have to disagree. In the words of an old blues tune, “Cash ain’t nuthin but trash.”
System collapses, I don’t care how much cash you have, it won’t be enough.
If you need widgets to live, and all you have is cash, and I have the widgets you need, I know that I can’t USE any of the cash you have, so I’ll just tell you, no deal. Unless of course you have something else I need and value more than cash, like can goods, freeze dried somethings, cans of gas, cans of oil... The little things that one needs to live.
Point of all this to anyone who cares, is to read the other posts here on this thread. There are some terrific ideas about what kind of assets you could (and should) acquire now, while cash can still buy them. Then, when everyone wakes up to the fact that paper money is just paper and not money, you will have the widgets, and the shortsighted will have piles of paper in their pockets.
Parting shot, study up on what happened to Germany after WWI. Some Germans survived nicely. They didn’t rely on paper currency.
Agreed. If you look back the people who sold gold miners stuff came out far better than 95% of the gold miners ever did.
One precious set of widgets that nobody can steal from you: skills. Knowing how to fix things when they break, and there's no replacements, will make you welcome in many places. Knowing how to fix PEOPLE is among those skills.
Your local community college has classes on EMT skills, advanced first aid, as well as classes on how to weld, how to fix PCs, etc. Review the catalog.
Yep, my parents both left Germany as children (shepherded by grand parents) during the early days of the Weimar Republic and resettled in Wisconsin. My Great-Great Grandmother left a fortune in paper Reichsbank marks behind, she said they weren't worth dragging along.
Regards,
GtG
PS My folks met and married some twenty years later.