11 Currency Options That Would Work If Paper Money Lost Its Value In A Crisis (2024)

They say that money makes the world go around, but what would happen if a major crisis made all of the pretty paper in your wallet worthless overnight? We fool ourselves into believing that we are safe as long as we have X amount of money in reserve, but that safety net is made of paper, which is not the strongest material in the world. In the event that paper money became useless, sustainable goods would almost instantly start to rise in value and would become what we would use for trade. Being able to survive in the new world without money would mean having access to the items that keep us alive. The items that we take for granted today might well become the new currency of tomorrow, so perhaps it’s time to do a little hoarding. Let’s take a look at 10 items that may save your life in a moneyless world.

Seeds– We mentioned in #4 how having a garden could prove to be beneficial, but you need seeds to make that garden grow. A healthy supply of GMO heirloom seeds is a great investment to make, as you can use them to grow your own stuff and as trade in a barter system.

Survival gear– Included in the list of items like knives and warm clothing are many of the camping essentials that we use when we want to get back to nature a little. That family tent may well become an affordable home for someone in the future.

11 Currency Options That Would Work If Paper Money Lost Its Value In A Crisis (2)

Water– While water may be one of the most plentiful resources at our disposal, a good portion of it is not fit for human consumption. Having a working well or some other source of fresh, clean water on your land would be the equivalent of having the license to print money in today’s world. You need only look at what happens in the event of a natural disaster to see how water quickly becomes the first thing to vanish off the shelves in local stores. It is recommended that every American have at least a 3-day supply of fresh water on hand at all times, yet only 53% can claim to do so.

Medical supplies– This is another in the list that we should all have on hand for ourselves, but which also having extra of could mean having something of real value to trade. What’s a little alarming is that as few as 44% of Americans have a first aid kit in the home at this time.

Precious materials– While most of us are happy to wear gold, silver, and precious stones as jewelry, very few think about how those trinkets could become immensely valuable in a crisis. Items that may be worth a few bucks today might very well skyrocket in such a scenario. This doesn’t mean that you need to start stockpiling gold and silver, but having a little investment in each may not be a bad idea.

Food– Water can only carry you so far, as we all need food for energy and nutrition. As well as having a good supply of canned goods on hand, you might also consider creating a garden filled with vegetables. Bulk foods such as grains and rice are also good items to have in stock. Chickens are also a great idea, as they will provide you with both eggs and meat if necessary. By the same token, goats can be an excellent source of milk, with all of the aforementioned items likely to be in high demand.

Alcohol– While booze may appear to be one of the things that would be considered a luxury, it does in fact have purposes other than making you forget about all the bad stuff going on outside your front door. Alcohol can be used to sterilize wounds, and may be a good substitute for those without that first aid kit.

Cigarettes– Playing to people addiction in exchange for other goods. Additionally, this is something that people turn to in times of high stress. Nothing wrong with having a carton or two, just make sure your teenagers don’t know about them.

Gas– In the event of a major crisis, there is always the possibility that electricity may go by the wayside. If that were to happen, gasoline, propane, and items used for lighting, heating, and cooking would become very high in value. Gasoline only has a finite lifespan, which means that oil and propane may very well be your best options for storing. Another way to cover this problem is to generate your own gas. Find out more about how to turn wastes and grass into gas and generate electricity in this article.

Skills and knowledge– The ability to be able to adapt and survive in the new world is something that can very much be taught. If you have experience in engineering, construction, or a trade that would be considered invaluable, you have a marketable skill that many will be willing to pay a high price for. Americans have become a little too comfortable in believing that the government will be there to help when disaster strikes, but that is not something that can be counted on. A little knowledge can go a long way when trying to survive an emergency situation.

Ammo– Having gunpowder and ammo on hand for personal protection may be essential in a future without money, but it will also be good for trade. This is especially true if you are able to make your own ammo.

These are just a few things to think about as you sit and count your money, as that colored paper you so covet today may not be worth spit tomorrow. We covered some of the most important items. Many other important tips and strategies to conquer the imminent coming collapse can be found in the book Conquering the Coming Collapse: Real, Proven Survival Strategies When Money Turns Into Dustwhich by the way, have a very low price right now. Let us knowwhat other items do you feel should be stockpiled for bartering and why?

11 Currency Options That Would Work If Paper Money Lost Its Value In A Crisis (3)

ByPrepper Admin

Prepper Admin is the founder ofhomesteadingandprepping.comI regulate things around here like the government. Except I don’t want to take all your money and give it to drug addicts sitting on their asses playing X-box all day. I am a former US Marine and single father. Read ‘Atlas Shrugged’, now in the nonfiction section.

11 Currency Options That Would Work If Paper Money Lost Its Value In A Crisis (2024)

FAQs

Where should I put my money if the dollar collapses? ›

What to Own When the Dollar Collapses. Historically, tangible assets like gold and real estate have been sought after as they tend to retain intrinsic value. Investing in commodities such as precious metals, oil, and agricultural products is also considered a smart choice.

What alternatives to money are there if the economy does not use money? ›

Other examples include barter economies, gift economies and primitive communism. Even in a monetary economy, there are a significant number of nonmonetary transactions. Examples include household labor, care giving, civic activity, or friends working to help one another.

What currency should I hold my money in? ›

Keep savings in your own currency, whatever that is. Savings don't make much of a return, so if you hold them in another currency, the currency fluctuations would add too much of a risk to your small return. Investments however, are different.

How to prepare for the U.S. dollar collapse? ›

Though the U.S. dollar collapsing is unlikely, ways to hedge against it include purchasing the currencies of other nations, investing in mutual funds and exchange-traded funds (ETFs) based in other countries, and purchasing the shares of domestic stocks that have large international operations.

How do you protect your assets if the dollar collapses? ›

What To Own When The Dollar Collapses
  1. Having too much money in a single asset is always a risky proposition. A varied investment portfolio is crucial to weathering any financial storm. ...
  2. Commodities. ...
  3. Foreign Bonds. ...
  4. A Variety Of Currencies. ...
  5. Gold And Precious Metals. ...
  6. Real Estate. ...
  7. Items To Barter With. ...
  8. Cryptocurrencies.

Where do you put your money before a market crash? ›

If you are a short-term investor, bank CDs and Treasury securities are a good bet. If you are investing for a longer time period, fixed or indexed annuities or even indexed universal life insurance products can provide better returns than Treasury bonds.

What is the safest currency to save money? ›

Some examples of safe haven currencies include the U.S. dollar (USD), the Swiss franc (CHF), and the Japanese yen (JPY). 1 These currencies are considered safe havens because they have strong liquidity, relatively low inflation, and stable political systems.

What is the most stable currency right now? ›

What is the safest currency in the world? The Swiss franc (CHF) is generally considered to be the safest currency in the world and many investors consider it to be a safe-haven asset. This is due to the neutrality of the Swiss nation, along with its strong monetary policies and low debt levels.

Which currency will appreciate in 2024? ›

EUR/USD is predicted to reach 1.05 in June 2024 and September 2024, 1.09 in December 2024 and 1.12 in March 2025. USD/JPY is expected to hit 155 in June 2024, 154 in September 2024, 153 in December 2024 and 152 in March 2025.

Is the US dollar going to collapse in 2024? ›

We expect 2024 to be a year of diverging trends for the dollar. It will likely move lower on a broad trade-weighted basis early in the year but stabilize as the year progresses. Although we expect a general downward drift for the dollar, performance of individual currencies will likely vary widely.

How close is the US dollar to collapsing? ›

This dominance as a reserve currency and its root as a currency peg means that the world economy is, in many ways, reliant on the dollar. As of the fourth quarter of 2022, 58.36% of all global reserves are held in US dollars. For this reason, the US dollar crashing by itself is close to impossible.

Is the collapse of the US dollar imminent? ›

While analysts urge caution about the USA's more than $16 trillion in debt obligations, the dollar's collapse is not imminent. However, the long-term weaknesses of high inflation and rising debt levels should be a warning sign for investors.

Where is the safest place to put money if banks collapse? ›

U.S. government securities—such as Treasury notes, bills, and bonds—have historically been considered extremely safe because the U.S. government has never defaulted on its debt. Treasury securities may pay interest at higher rates than savings accounts, although it depends on the security's duration.

What to do with the US dollar falling? ›

Investors can also try to profit from a falling dollar by owning foreign-currency ETFs or investing in U.S. exporting companies. A weaker dollar is often accompanied by higher inflation in the U.S. and/or an economic downturn.

What assets go up when the dollar goes down? ›

Go for gold, precious metals, and other real assets.

are priced in greenbacks globally, a soft dollar means these goods cost less in other currencies, which can bump up demand and prices. Check out these ETF lists if you're thinking of investing in gold or other commodities.

Where do you put money in a financial collapse? ›

5 Things to Invest in When a Recession Hits
  1. Seek Out Core Sector Stocks. During a recession, you might be inclined to give up on stocks, but experts say it's best not to flee equities completely. ...
  2. Focus on Reliable Dividend Stocks. ...
  3. Consider Buying Real Estate. ...
  4. Purchase Precious Metal Investments. ...
  5. “Invest” in Yourself.
May 31, 2024

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