With the state of our world seemingly spiraling downward into chaos and ruin, the one thing that will benefit everyone at all times of any socioeconomic status is hard assets. There is a reason why silver and gold have been such popular ways of protecting one’s wealth in the past few years.
But it is not just gold and silver that could be considered a “hard asset.” A hard asset is something tangible that you can hold in your hand or physically experience. It is a tangible asset with a recognized value. That puts several things into this category that are not precious metals, including buildings, cars, blankets, or even seeds.
One the most valuable hard assets in the very near future could be food or even water. Having food on hand that is storable and calorie packed may be life saving if the current supply chain and inflation issues continue to get out of hand. Having water available and drinkable will also provide you with a hard asset that would be worth more than its weight in gold.
Stock up now, as food prices will never be lower. Get storable foods, such as dried beans or rice and make sure you have adequate water storages. Canned goods tend to last longer and can be made into a variety of different meals. Store extra to barter with others if you would like.
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If water becomes difficult to come by, its value will increase. It is the same for food. If we end up having a complete food supply chain issue and inflation that makes what is available impossible to afford, having food that can be eaten or bartered for will be better than having precious metals. Starving and dehydrated people do not want gold or silver, they want food and water. Keep these things in mind.
It is possible that in a rather desperate situation people may still take cash, at least for a little while after a crash or societal collapse. But, in many cases, food or water will likely be the most important. If people are put in a survival mode, their wealth will not be their first concern.
Preparing for a possible chaotic situation will help remove some of the fear of what is to come. It is almost impossible to be ready for anything, but we can at least stock a few things that will help us in nearly any sort of potential problem coming down the pike.
Precious metals will always have value, but if there is a true “survival” situation upcoming, people will be more likely to want your other hard assets as opposed to your gold or silver.
Best Regards,
FutureMoneyTrends.com
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