While some people invest in precious metals as an investment, preppers tend to look at is as a useful currency in the event of a dollar collapse or all-out economic crash. We tend to think of it more as “insurance.” Regardless of why you may want to own some precious metals, oftentimes the only place to get it is online.
With signs all over that this “booming economy” may not be as robust as is reported, it may be time to consider the possibility of all-out economic crash. BEFORE and economic collapse occurs, there are six things that you should do to prepare yourself and your family, giving you the best chance when it all breaks down.
Historically speaking, when oil and gold trade in the way they are currently, it signals “doom” for the markets or an impending recession. Oil prices are hovering around bear-market levels amid concerns over slowing global growth and the potential for tariffs to sap energy demand, while gold has been heading in the other direction.
Berkshire Hathaway Vice Chairman Charlie Munger recently warned against the Federal Reserve’s unbridled money printing. The central bank is going to end up turning the United States into Venezuela with an exponential inflation rate if they continue to print money to cover the government’s excessive spending.
Renowned geopolitical and financial cycle expert Charles Nenner says we shouldn’t be believing the Federal Reserve when it says the economy is strong. If you’ve watched the news at all lately, all of the media pundits are claiming the economy is strong and there are no signs of trouble, but Nenner says that’s just not true.