If you're one of the many people worried about what will happen to your savings if the U.S. dollar fails, you shouldn't feel alone. There are many things you can do to secure your future, and it's essential to start considering your options now.
Investing in some of the assets we mention below is one of the best ways to protect yourself from the dollar's collapse. We recommend eleven assets that you should consider acquiring prior to or if the dollar falls, so you can protect your wealth and secure your financial future.
The value of Gold, silver, and other rare metals goes beyond their aesthetic appeal. They have a long-standing reputation as a valuable asset. Gold, in particular, has been recognized as a "universal currency" that holds value across the globe, making it a reliable means of purchasing goods and services worldwide. Silver and other rare metals share similar characteristics.
However, Gold and silver offer a distinct advantage over other currencies. Unlike the U.S. dollar, Gold is not vulnerable to inflation.
Since precious metals cannot be printed or created in the same way as fiat currencies (because they are mined from the earth), their supply is limited. This results in gold, silver, and other precious metals having superior value retention compared to other currencies. Hence, they are an excellent store of wealth for anyone who wishes to secure their finances.
A Gold IRA is a unique type of individual retirement account that focuses primarily on investing in precious physical metals, such as gold, silver, platinum, or palladium. This type of IRA allows you to take control of your investments and choose how you want to manage them.
Unlike traditional IRAs, a Gold IRA provides greater flexibility when investing your retirement savings. With a self-directed Gold IRA, you have the freedom to invest in a variety of assets, including:
To successfully add physical Gold to your retirement account, it's essential to work with a trustworthy Gold IRA company that can help you navigate the process. These companies offer a variety of features and benefits that make them stand out as reliable options for investors looking to add Gold to their portfolios.
Here are some key features of credible Gold IRA companies to consider when choosing which one to work with:
(View our Gold IRA Tab at the top for additional information)
During an economic crisis, investing in collectibles can be a wise choice. Collectibles include many items such as paintings, coins, stamps, and more. Not only can they offer long-term growth, but they also serve as a hedge against inflation.
Collecting these items can be an enjoyable hobby as well as an investment. However, you must conduct thorough research before purchasing and try to only invest in items you enjoy.
One example of a digital collectable would be an NFT.
The world of collectibles has turned towards the digital realm with the rise of Non-Fungible Tokens (NFTs). These unique electronic assets are stored on a blockchain and cannot be duplicated, making them highly valuable to investors and collectors.
Investing in NFTs can range from purchasing rare tokens to acquiring NFT-based stocks or virtual real estate. These assets can be stored in a virtual wallet and traded on various marketplaces. As the popularity of NFTs continues to grow, they may become an increasingly popular choice for those looking to diversify their investment portfolio.
Investing in food storage can be smart for those looking to protect their finances during economic instability and inflation. This unique form of collectible provides a tangible asset that can help safeguard your money and your health against inflation.
To ensure that your food storage is adequate, it is essential to have the proper infrastructure in place. This includes a cool, dry place to store your food and containers that can keep your food fresh for an extended period. Dry commodities like wheat, beans, and rice are excellent options, as are canned vegetables, fruits, and meat.
By having enough food storage, you can prepare yourself for any future uncertainties that may arise. So, if you want to protect your finances and hedge against inflation, investing in food storage is an excellent choice.
Investing in income-producing real estate can be smart, even in a challenging economic climate. In fact, during times of quantitative easing and rising inflation, real estate investors can benefit from these factors.
Real estate has historically been a haven asset class, offering investors a hedge against market volatility. Unlike stocks and bonds, it is not highly correlated to the stock market, making it a more stable investment choice. Also, real estate typically offers a higher risk-adjusted return rate than other asset groups.
When the economy experiences a downturn, income-producing real estate can provide stability and growth for investors. Properties that generate rental income, such as short term rentals (Airbnbs), apartments, office buildings, and warehouses, are examples of income-producing real estate that can weather economic storms.
Investing in land and agricultural products is a viable real estate investment option that can provide a hedge against inflation. These investments are often priced in U.S. dollars and would likely increase in value in the event of a decline in the currency. This makes land and agricultural products an ideal investment to protect your wealth.
The land itself is a valuable investment, but can also be utilized to cultivate various products that can be stored and sold. As we previously mentioned above regarding food storage, agricultural products such as fruits, vegetables, grains, and livestock can be grown on the land to store or sell for a profit. This makes investing in land and agricultural products an excellent strategy for long-term growth and financial stability.
Another important fact to consider is that land is a finite resource. The world is not getting any bigger and as our population increases, land will become more and more valuable over time.
Foreign bonds can be a great option if you are worried about, specifically, the U.S. dollar's decline. Unlike stocks and mutual funds, foreign bonds are valued in currencies other than the U.S. dollar. This means that if the dollar's value decreases, the value of your foreign bonds should increase.
In addition, foreign bonds generally offer lower interest rates than U.S. bonds due to higher inflation rates in other countries. However, this can still provide a stable investment opportunity during an economic downturn. My advice would be to speak with your financial advisor about which foreign bonds are best for you and your investment portfolio.
If you're concerned about the potential collapse of the U.S. dollar, holding foreign currencies could be an excellent strategy to protect your assets. The possibility of fiat currencies collapsing is always present, particularly for the U.S. dollar, the world's reserve currency. The collapse of the U.S. dollar could have a devastating impact on the global economy.
Therefore, it's essential to diversify your portfolio and include foreign currencies. Here are some foreign currencies that could be worth considering:
While no fiat currency can guarantee financial security in the event of a U.S. dollar collapse, having other currencies can increase your chances of weathering the storm. Addies crash, owning other currencies can help you rebuild your wealth if the U.S. dollar does crash.
Investing in foreign stocks can be a wise choice in the event of a potential dollar devaluation. In such a scenario, the value of foreign equities would likely increase since they are priced in stronger currencies.
However, investing in foreign stocks also poses some risks. For instance, investors may need to familiarize themselves with the company or its operations in its home country. Additionally, external factors like political instability or economic downturns in foreign nations could impact the performance of your investment. One example is the Brexit situation that affected UK-based companies and investors. It is crucial to exercise caution when investing in foreign equities.
The current economic instability allows Bitcoin to gain traction as an alternative investment. Since Bitcoin and other cryptocurrencies operate independently of traditional banking institutions, they offer a unique way to diversify one's assets. The popularity of cryptocurrencies is also increasing, with major corporations such as PayPal now allowing some customers to transfer Bitcoin.
Like land and gold, bitcoin is a finite resource which is why many large enterprises and individuals have invested heavily into this currency, among many of its benefits. There is a cap of 21 million bitcoins that can ever exist. Which means if you can own a fraction of a bitcoin or a whole bitcoin, you are in possession of another valuable asset class.
Why bitcoin is a good store of value outside of the U.S. Dollar is because it is not governed by a central bank or authority. By nature, it is decentralized. This means no individual or institution can make decisions about your bitcoin and the value it holds.
When considering assets, it's common to think of traditional investments like stocks and bonds. However, alternative assets can be just as valuable, if not more so. One example of this is a stockpile of survivalist supplies. Call me crazy, but I do have a go back sitting in my closet.
In a catastrophic event, having access to water, food, and medical supplies could mean the difference between life and death. Additionally, these supplies can serve as valuable commodities for trading with others.
While it's essential to have some emergency funds set aside, investing too much in survivalist goods can be risky. If they are never used, the supplies become a waste of money. However, in the case of an emergency, they can be critical for survival. All this is to say, don't go crazy, get what you feel you'd need in an emergency for a couple days to weeks and have a plan if something were to happen. This is not a scare tactic, only another valuable resource to have in your portfolio.
For a long time, the U.S. dollar has been viewed as a dependable currency, providing a secure haven for investors during times of uncertainty. However, there are growing concerns that the dollar may not be as stable as once thought. Currency collapses typically arise when a currency's value plummets, often due to inflation or economic upheaval.
The U.S. Federal Reserve can raise interest rates and increase the money supply to prevent a currency crisis. However, if the Federal Reserve fails to act, the U.S. dollar could lose its status as a haven currency and suffer the same fate as other currencies that have experienced collapse.
Consider investing in gold, silver, foreign assets, crypto, real estate, land, food, supplies, and collectibles when the dollar falls. These investments can protect against economic uncertainty and inflation. However, it's essential to remember that no investment is entirely risk-free. Before investing, always consult a financial specialist or conduct thorough research.