Getting prepared for a disaster ahead of time is the best decision you can make for you and your family. Whether you are going to buy gold for saving or to buy guns just in case something bad happens, you have many options to choose from. However, one of the most important things to think about is your child. If you are a millennial, you probably have a family right about now. This means that there are going to be extra lives to think about when preparing for a possible disaster.
A disaster could come in many forms. Not all of them are natural. Most of these aren’t even life-threatening in the conventional way. Instead, you are going to have to find shelter from the figurative storm that is the crumbling economy of the present day. If you have been watching the market in recent days, you know just how unstable the global market in currency is. The dollar is plummeting towards a dark pit from which there is no escape for it.
Money means nothing
If you are really concerned about the security of your finances in these troubled times, simply having a retirement plan is not going to be enough. You need to make sure that they are protected against the possible crises that could arise over time. There are so many risks when it comes to your funds. If you lose them, you lose years of hard work and savings. While it isn’t going to literally be stolen from your account, if the economy gets too bad, there is a possibility that your money will be worth nothing.
This is a very real scenario. Money is nothing but paper which the government says has a value. If the economy collapses, so will the government and that will result in you owning money that could be used as toilet paper instead. However, there is a solution out there for this problem. People seem to have forgotten that before paper money existed, metals were used with different values. One of the prime examples of this is gold.
Gold is a metal that has retained its value over the years. This hasn’t been a small amount of time either. The metal has been in demand since it was first mined and discovered. Before modern plumbing and building came into play, gold was being mined and used to create jewelry and artefacts. A good example of this is the golden calf in the Bible! It has been shown not to reduce value over time, regardless of what the current market is like. It is independent of the market and therefore the perfect investment to protect the funds in your rainy day accounts.
In the event of a complete market collapse, you would then have the precious metal in your hand. This is going to be far more beneficial to you than a wad of worthless printed paper which used to be the trendiest thing around.