With the dollar dropping like a rock, as it is currently, anyone caught with paper money in their wallet when the dollar crashes is going to be in a world of pain. That’s why I’ve already begun putting my savings into silver bullion coins. I’d include gold, but it’s already shot up beyond my reach.
In the event of a dollar collapse, gold and silver coins will rule as the favored money and their value will increase greatly, while it will take a truckload of paper dollars to buy a loaf of bread. Don’t think it can happen? Crack a history book sometime. It happened in Weimar Republic Germany and set the stage for Hitler’s rise to power. It has happened in countries all over the world. As recently as the 1970s and later, countries in South America experienced runaway inflation of as much as 70%!
So, I’m covering my butt by getting together as much of my money as I can in silver. If you’re holding paper instead of precious metals, you’ll be sorry.
