5 Places Not to Be When the Dollar Collapses
The stock market, foreign currency, US Forex, money market, and the markets of countries most correlated with the US dollar are all terrible places to invest. These are the places to avoid if you’re looking to protect your wealth in an economic collapse.
The cost of closing the deficit will be lower for the government if the dollar is weaker. In order to reduce their losses, creditors have gradually converted their assets to other currencies. Many worry that this might result in a dollar run.
Your U.S. investments would quickly lose value as a result, and inflation would increase. That’s because if the value of the dollar fell, it would essentially be worthless. If the price of silver were calculated in terms of the US dollar, it would theoretically be infinite!
5 Cities Not to be when Dollar Collapses
The cities on this list will be locations with no plants or animals to feed off, including Dallas, Atlanta, Miami, Los Angeles, and Boston. This means starvation could easily occur there. This mostly applies if residents refuse to eat local produce or hunt for wild game.
1. Dallas, TX
It’s located in the middle of North Texas, which includes a wide array of surrounding towns. If people decide to leave and seek a more stable area, they would have to pack up their houses and trailers with all of their belongings. This means many families cannot afford to purchase decent real estate in a different city due to the high cost associated.
In addition, the city is rather small at around 1.3 million people.
Most of these residents will be living in either suburb or urban areas, most likely an apartment complex or home that costs less than $400,000 in most parts of town.
2. Atlanta, GA
This city is the capital of the state of Georgia. It’s located on the lower end of the Appalachian Mountains. It is home to over 5 million people, making it one of the largest metropolitan cities in America. But Atlanta’s diverse population can also be its downfall. Although their economy is stable, many residents will struggle in an environment where they have to depend more heavily on harvest resources.
Most residents are concentrated in suburban areas, but these homes are not built for such a drastic lifestyle change. In addition, many families living in Atlanta fall below the median income, meaning they can’t afford to move to another city and purchase a new home, especially without extra money for gas or food expenses.
3. Miami, FL
Miami is known for its tropical weather and tourism. But, this city of over 5 million people is also home to a large population of lower-income families. Most residents have smaller homes, and very few jobs are available for those who wish to commute or relocate elsewhere in the state. The city’s location and layout will not help either.
Due to the city’s exposed position on barrier islands, it is an ideal place for a hurricane or tsunami. The major source of income in Miami is tourism. Unfortunately, most of these businesses are located on South Beach, which the force of a hurricane would destroy on land.
4. Los Angeles, CA
The Los Angeles metropolitan area is America’s second largest and most populous, but that won’t help you when the dollar collapses. It might be one of the worst places in those chaotic days.
This was the home of California’s “Gold Rush,” which led to massive overproduction of precious metals in 1849, resulting in marked inflation after nearly a decade and an economic collapse by 1856. Even more troubling things occurred during World War II as Japan raided key strategic areas like Santa Monica and Harbor General Hospital.
5. Boston, MA
Boston is the largest city in New England and the capital of Massachusetts. It’s also one of the most historic locations in the country. As one of America’s most historic cities, it also holds great value for its residents. Unfortunately, that could make residents unwilling to leave their homes once a dollar collapse occurs.
The city has a solid population of around 600 thousand people. Most of these residents will be living in either suburb or urban areas, most likely an apartment complex or home that costs less than $400,000 in most parts of town. The added burden of moving from one state to another is probably not worth it to many families.
If you’re thinking about stockpiling food when the dollar collapses, there are a few things you should remember. One important thing to remember is that food will be the most valuable commodity in the world. Essential services may not be available. Food will be worth more than other goods, but you can’t be sure which commodities will be in high demand. Other items to stockpile include batteries, fuel, and candles.
If you’re thinking about stockpiling food when the dollar collapses, you should focus on staple foods that last a long time. Beans, white rice, and other dry goods don’t provide complete nutrition. Other bulk food items include low-fat powdered milk, sugar, salt, and condiments like soy sauce. Food is essential to your life, so stockpiling long-lasting food will ensure you have enough to survive for the next few years.
It’s also helpful to stock up on cereal. The cereals have an almost indefinite shelf life, so you should have a lot on hand to barter with neighbors. Also, remember that the food you have in stockpiling should be calorie-dense and nutritious. If you’re on a special diet, you may find it difficult to get food during a food crisis. So whether you eat a vegan or vegetarian diet, you should stock up on food items that meet your nutritional needs.
Investing in precious metals
You should invest in precious metals for several reasons, especially when the dollar is in trouble. This is because these metals are valuable, tangible assets and a hedge against inflation. They are also attractive investments for many other reasons, including having a status symbol. As a result, many new investors wonder if they will still have value if the stock market crashes.
If you’re concerned about inflation, you may consider buying gold or silver coins. Many people do so to hedge against inflation and protect against financial crises. If the dollar collapses, physical gold, silver coins, and bars will protect your wealth and assets. As the dollar falls in value, the value of precious metals will rise. As a result, they will increase in value despite the weakening dollar.
When investing in precious metals during a currency collapse, timing is crucial. You will be too late to invest by waiting until the dollar crashes. By investing now, you will avoid the worst part of the currency collapse: panic. A panicky investor could make a costly investment mistake. Investing now will help you weather the storm. So, invest in precious metals now before the dollar crashes.
The value of precious metals rises when the stock market drops. Because they have no direct correlation with the stock market, they provide a safe investment. During a downturn, investors seek out the security of precious metals as a haven. Inflation will not affect the price of precious metals – and that’s great. However, inflation can also affect the value of gold and silver.
While gold and silver are considered safe investments, the price of silver is even lower. Silver, for example, is a valuable commodity and reliable alternative currency. Silver is essential for many industries outside the investment world. Even if the dollar collapses, silver can still serve as a hedge against the dwindling dollar. This is why many people have made money with silver. But the downside of investing in precious metals during a currency collapse is that you can’t predict the future.
Despite this, gold is one of the safest and most stable investments, with its low supply, increasing demand, and minimal presence in industrial contexts. As a result, it provides relief during the geopolitical upheaval. These are all reasons gold is so popular among investors, and the value of gold is so stable. Inflation is the last thing that investors need.
While gold and silver will likely rise to two to three times their current value, silver will probably go up even higher. Investors wait to purchase these metals until the dust settles before investing in them. Silver, as well as gold, can also retain or even gain value during a depression. That gives you the best chance to weather the storm. This is because the price data can influence your investment decisions.