North Korea: In December 2009, North Koreans awoke to find that they would be required to exchange 100 units of their currency, the won, for just 1 unit of the government’s new paper money. Overnight, the savings of these long-suffering people (except for the bureaucrats) had been wiped out. How different things might have been for them, if they possessed just a few ounces of “the poor man’s gold” – silver!
Currency: Now I’m not just talking about cold hard cash here, anything of value will work. If you’re traveling overseas, you might want to pack some foreign currency. Sure, you can exchange US bills, but what if the currency rate is terrible? Also, packing gold or silver is a good idea, because it always will have more value than green paper.
cryptocurrency Two different jackets. That way, if you need to look like you brought a change of clothes with you, you have two different jackets to wear to mix and match. And they help if you get cold.
So the central pivots are very slowly trending up. In fact they are moving to slow ( 1 point a day for the last 3 days ). Question:What will happen after this low Volatility most likely?
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Now few are prepared for a German style depression. One where: gold and silver coins, little cash and investments that adjust for inflation will have value. Cryptocurrency Exchange Script as oil, food, gold and silver stocks and some forms of housing will be the winners.
Silly reader, a Go Bag is a shady duffel bag full of cash that you grab in case of emergency. It has passports, maps, credit cards, bank statements, a digital camera, etc. It’s the thing you have under your bed, in your closet, in your trunk, under the floorboards, or in your air conditioning vents.
Naturally, gold is valued by comparison to various fiat currencies, primarily the US Dollar – and as such its value fluctuates day to day. Of recent times this fluctuation has been mostly up, as gold continues to increase in value, in comparison to the world’s paper currencies. This is another way of saying that fiat currencies are less trusted than gold. Gold is also the financial haven of last resort, for when the financial world starts to shake and jitter, people rush to gold. Why? Because they know that should paper currency plummet in value – even to zero – gold will hold its value.