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Currency Post SHTF – Cash? Gold? Money? BTC?

In the unpredictable landscape of a societal collapse, the concept of currency takes a dramatic turn. While we often speculate, it’s challenging to ascertain the true value of assets in such dire circumstances. The familiar notion that cash is king might be upended. Let’s delve into the complexities of four potential currencies and evaluate their performance in an SHTF scenario.

Decoding SHTF Currency: Strategies for a Financial Meltdown

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Rethinking Cash in Chaos

Pros: Emergency plans often prioritize a cash fund, and having $1,000 in readily available cash is a sensible strategy. Liquidity can be a game-changer in the initial stages of upheaval, allowing for swift manoeuvring in unforeseen circumstances.

Cons: However, the vulnerability of physical cash lies in its dependence on stability. If inflation and massive debt lead to the devaluation of currency, even a substantial cash reserve may lose its clout.

Unmasking Gold’s Role

Pros: Gold, traditionally viewed as a universal currency, is a symbol of stability. Holding intrinsic value, it’s an asset people turn to in times of economic uncertainty.

Cons: Yet, the practicality of gold as a day-to-day currency diminishes when its value skyrockets. With the current price exceeding $1700 per ounce, its utility in everyday transactions, like buying food and supplies, becomes cumbersome. The logistical challenge of making change with gold in an SHTF barter scenario adds another layer of complexity.

Silver: The Sensible Middle Ground

Pros: Silver emerges as a pragmatic SHTF currency. With a value that can be applied to most goods and services, it strikes a balance between practicality and wealth preservation. At a more affordable $15 per ounce (as of 04/26/2020), it’s a tangible asset that holds potential for everyday transactions.

Cons: While silver presents a compelling option, its viability is still contingent on the overall stability of the economic system. In an extreme collapse, even precious metals may lose their traditional value.

Bitcoin’s Cryptic Standing

Pros: The rise of Bitcoin has been meteoric, positioning itself as a decentralized digital currency. Its appeal lies in the potential for anonymity and accessibility across borders.

Cons: However, Bitcoin’s reliance on technology and energy-intensive mining processes places it low on the SHTF currency hierarchy. In a scenario where power grids are compromised, the practicality of using Bitcoin diminishes significantly.

The Unconventional Currencies

In the face of a currency collapse, survival becomes the ultimate currency. Skills, employability, and even the human body itself take on new significance. The harsh reality of places like Venezuela showcases the extremes people may go to in order to feed their families.

Conclusion: While we explore the potential of various currencies, it’s crucial to acknowledge that a true SHTF scenario can redefine what holds value. In such circumstances, tangible assets like food, water, and practical skills may become the true currencies of survival. Paying special attention to the reality of a collapse means broadening our perspective beyond conventional forms of wealth and focusing on adaptability, resilience, and community support. The landscape of a currency collapse is intricate, demanding a nuanced approach to financial preparedness.

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