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How much of your money will only exist as a computer record on the day the global banking system fails?
When you log in to your online banking account and view your account balance, do you really think those electronic digits on your computer screen are real money?
Most people keep the vast majority of their savings and “cash” in electronic form, existing only as a computer record in a distant bank so far away that they don’t even know its physical location. All electronically stored assets are not REAL, and they can all disappear in the blink of an eye for a long list of reasons.
When the global banking system fails — now a mathematical inevitability — banking customers will be shocked to discover that electronic numbers on a digital screen are not real wealth. As they say in the gold bug business, if you can’t touch it, it isn’t real.
Gold, silver and other precious metals are real wealth for the simple reason that they don’t vanish as banking systems fail. The stock market, bond market or real estate bubble market can crater all they want… your gold and silver are still just as real (and just as heavy) as they were before. More importantly, they’re just as valuable… or even more so because precious metals tend to skyrocket in value when fiat currencies collapse.
What I’m trying to get at here is that if you don’t own gold, silver or other precious metals as at least part of your savings portfolio, you might find yourself in real trouble when SHTF. Only real assets will outlast the cataclysmic financial “day of reckoning” that’s coming. That list can include any or all of the following:
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Things of real value that are portable:
Cash (green paper money, which may become instantly worthless, so don’t hold too much)
Pre-1963 coins (that contain silver content)
Physical metals (gold, silver, platinum)
Collector’s coins, stamps and historical firearms
Practical firearms and suppressors (silencers)
Bearer bonds or corporate stock shares
Natural medicine, seeds and essential oils
Iodine, useful for water purification and protection vs. radioactive iodine-131
Museum-quality art
Valuable yachts or boats if used as the bugout transport of choice
Small aircraft, if you fly out as your bugout strategy
Deeds to land assets (paper proof of ownership)
Antibiotics and prescription painkillers or insulin (high value, easy to carry)
Bitcoin wallets on a thumb drive, hopefully encrypted and backed up somewhere else (will only work if the internet stays alive)
Night vision equipment (PVS-14)
Small radiation detectors
THINGS YOU KNOW: (all the things you know are, by definition, portable)
Medical knowledge / first aid / surgical experience / infectious disease
Communications knowledge / HAM operator / shortwave radio
Heavy equipment grease, hydraulic fluid and engine oil
Knives, machetes, hatchets and tomahawks
Tactical optics (binoculars or magnifiers)
Portable light sources: Lanterns, flashlights
BIC lighters and magnesium fire starters (easy to barter, may be portable but are not very valuable per kg)
Protective gear vs. biological agents and infectious disease (masks, surgical gloves, body suits, etc.)
Personal hygiene items: toilet paper / feminine hygiene / soap
Canning equipment, food dehydrators or smoke houses
Bicycles and other human-powered gear
Things that will be (mostly) useless in an apocalyptic collapse:
Pensions
iPhones, Android and all mobile devices
Digital bank accounts holding “money” in electronic form
Paper currency (might hold value temporarily, but could collapse suddenly)
Check books (nobody will accept a check when the banks are down)
Anything that runs on gas (will be hard to find fuel)
GPS navigation devices (won’t work without satellites and power)
Apartments at very high levels of buildings (no electricity means “vertical hiking” up dangerous stairwells)
Luxury vehicles with heavy reliance on electronics (the simpler the vehicle, the better)
Snapchat, Facebook, Twitter and social media
Your Blu-Ray DVD collection
Cell phone communications
Government entitlements: Food stamps / Medicare / Medicaid / Unemployment
Academic degrees in “social justice” topics
Electronic books (Kindle)
U.S. Treasury bills or other forms of government debt (including municipal bonds)
Right now might be a good time to trade VIRTUAL assets for REAL assets
The bottom line? Right now might be a good time to start trading your virtual assets for real assets. Otherwise, you might end up losing your virtual assets when the financial house of cards implodes.
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