11 Currency Options That Would Work If Paper Money Lost Its Value In A Crisis (2024)

They say that money makes the world go around, but what would happen if a major crisis made all of the pretty paper in your wallet worthless overnight? We fool ourselves into believing that we are safe as long as we have X amount of money in reserve, but that safety net is made of paper, which is not the strongest material in the world. In the event that paper money became useless, sustainable goods would almost instantly start to rise in value and would become what we would use for trade. Being able to survive in the new world without money would mean having access to the items that keep us alive. The items that we take for granted today might well become the new currency of tomorrow, so perhaps it’s time to do a little hoarding. Let’s take a look at 10 items that may save your life in a moneyless world.

Seeds– We mentioned in #4 how having a garden could prove to be beneficial, but you need seeds to make that garden grow. A healthy supply of GMO heirloom seeds is a great investment to make, as you can use them to grow your own stuff and as trade in a barter system.

Survival gear– Included in the list of items like knives and warm clothing are many of the camping essentials that we use when we want to get back to nature a little. That family tent may well become an affordable home for someone in the future.

11 Currency Options That Would Work If Paper Money Lost Its Value In A Crisis (2)

Water– While water may be one of the most plentiful resources at our disposal, a good portion of it is not fit for human consumption. Having a working well or some other source of fresh, clean water on your land would be the equivalent of having the license to print money in today’s world. You need only look at what happens in the event of a natural disaster to see how water quickly becomes the first thing to vanish off the shelves in local stores. It is recommended that every American have at least a 3-day supply of fresh water on hand at all times, yet only 53% can claim to do so.

Medical supplies– This is another in the list that we should all have on hand for ourselves, but which also having extra of could mean having something of real value to trade. What’s a little alarming is that as few as 44% of Americans have a first aid kit in the home at this time.

Precious materials– While most of us are happy to wear gold, silver, and precious stones as jewelry, very few think about how those trinkets could become immensely valuable in a crisis. Items that may be worth a few bucks today might very well skyrocket in such a scenario. This doesn’t mean that you need to start stockpiling gold and silver, but having a little investment in each may not be a bad idea.

Food– Water can only carry you so far, as we all need food for energy and nutrition. As well as having a good supply of canned goods on hand, you might also consider creating a garden filled with vegetables. Bulk foods such as grains and rice are also good items to have in stock. Chickens are also a great idea, as they will provide you with both eggs and meat if necessary. By the same token, goats can be an excellent source of milk, with all of the aforementioned items likely to be in high demand.

Alcohol– While booze may appear to be one of the things that would be considered a luxury, it does in fact have purposes other than making you forget about all the bad stuff going on outside your front door. Alcohol can be used to sterilize wounds, and may be a good substitute for those without that first aid kit.

Cigarettes– Playing to people addiction in exchange for other goods. Additionally, this is something that people turn to in times of high stress. Nothing wrong with having a carton or two, just make sure your teenagers don’t know about them.

Gas– In the event of a major crisis, there is always the possibility that electricity may go by the wayside. If that were to happen, gasoline, propane, and items used for lighting, heating, and cooking would become very high in value. Gasoline only has a finite lifespan, which means that oil and propane may very well be your best options for storing. Another way to cover this problem is to generate your own gas. Find out more about how to turn wastes and grass into gas and generate electricity in this article.

Skills and knowledge– The ability to be able to adapt and survive in the new world is something that can very much be taught. If you have experience in engineering, construction, or a trade that would be considered invaluable, you have a marketable skill that many will be willing to pay a high price for. Americans have become a little too comfortable in believing that the government will be there to help when disaster strikes, but that is not something that can be counted on. A little knowledge can go a long way when trying to survive an emergency situation.

Ammo– Having gunpowder and ammo on hand for personal protection may be essential in a future without money, but it will also be good for trade. This is especially true if you are able to make your own ammo.

These are just a few things to think about as you sit and count your money, as that colored paper you so covet today may not be worth spit tomorrow. We covered some of the most important items. Many other important tips and strategies to conquer the imminent coming collapse can be found in the book Conquering the Coming Collapse: Real, Proven Survival Strategies When Money Turns Into Dustwhich by the way, have a very low price right now. Let us knowwhat other items do you feel should be stockpiled for bartering and why?

11 Currency Options That Would Work If Paper Money Lost Its Value In A Crisis (3)

ByPrepper Admin

Prepper Admin is the founder ofhomesteadingandprepping.comI regulate things around here like the government. Except I don’t want to take all your money and give it to drug addicts sitting on their asses playing X-box all day. I am a former US Marine and single father. Read ‘Atlas Shrugged’, now in the nonfiction section.

11 Currency Options That Would Work If Paper Money Lost Its Value In A Crisis (2024)

FAQs

Is the United States going to digital currency? ›

U.S. President Joe Biden ordered officials to look into a digital dollar in 2022 but it has become a divisive political issue with Biden's Republican rival in this year's U.S. election race, Donald Trump, vowing not to allow it.

Will digital currency replace cash? ›

Central bank digital currencies (CBDC) can replace physical money, especially in economies where cash deployment is costly, Managing Director of the International Monetary Fund Kristalina Georgieva said during a Wednesday speech.

What alternatives to money are there if the economy does not use money? ›

If there were no money, we would be reduced to a barter economy. Every item someone wanted to purchase would have to be exchanged for something that person could provide.

How to solve currency crisis? ›

Such a crisis can be controlled by the country's apex bank or government by increasing the money supply in the market by increasing currency issuance, increasing the interest rates, selling foreign reserves, etc. The government takes measures to make the home currency stable.

How close are we to a cashless society? ›

The US is moving toward cashless payments, with a substantial increase in the use of mobile wallet apps and contactless cards. A report from the Federal Reserve Bank of San Francisco found that payments made using cash accounted for just 18% of all US payments in 2022.

What is the digital currency to replace the dollar? ›

A U.S. CBDC will be the digital or electronic form of the dollar that acts as legal tender and is regulated by the government. A U.S. CBDC will act as a supplement to existing forms of payment. Identity verification, intermediaries, and privacy protection are required parts of launching a CBDC.

Will cash become obsolete? ›

This author says that's a false narrative. If it's been a long time since you pulled out actual dollars and coins to pay for something — here's a conversation for you. It might seem like cash is slowly becoming obsolete. But, Brett Scott says it's a false narrative that we're all pining for a cashless society.

What will replace cash in the future? ›

Q: What is the future of money? The future of money is expected to be heavily influenced by technology. Predictions include the rise of cashless societies, the growth of cryptocurrencies, the continued adoption of digital currencies, and the potential offering of a Central Bank Digital Currency (CBDC) by governments.

How do I cash out digital currency? ›

Use an exchange to sell crypto

One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.

Which currency is backed by gold? ›

Currently, the gold standard isn't used as the monetary system for any nation. The last country to abandon it was Switzerland, which severed ties between its currency and gold in 1999. Not coincidentally, Switzerland has the seventh largest gold reserve of all countries.

What is the gold based currency? ›

The gold standard is a monetary system in which the value of a country's currency is directly linked to gold. With the gold standard, countries agree to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a price for gold, and it buys and sells gold at that price.

What is the gold standard currency? ›

A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. That fixed price is used to determine the value of the currency. For example, if the U.S. sets the price of gold at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold.

How do you prepare for a currency collapse? ›

What To Own When the Dollar Collapses
  1. Traditional Assets. ...
  2. Gold, Silver, and Other Precious Metals. ...
  3. Bitcoin and Other Cryptocurrencies. ...
  4. Foreign Currencies. ...
  5. Foreign Stocks and Mutual Funds. ...
  6. Real Estate. ...
  7. Food, Water, and Other Supplies. ...
  8. Stability and Trust.
Dec 14, 2023

How can we protect money from dollar collapse? ›

Though the U.S. dollar collapsing is unlikely, ways to hedge against it include purchasing the currencies of other nations, investing in mutual funds and exchange-traded funds (ETFs) based in other countries, and purchasing the shares of domestic stocks that have large international operations.

What happens if the world stops using the US dollar? ›

If the world stops using the dollar as its reserve currency, it could have a significant impact on the U.S. stock market. A shift away from the dollar could lead to a decline in demand for U.S. financial assets, including stocks. This could result in a decrease in stock prices and potentially lead to a bear market.

Which country is going to digital currency? ›

The Bahamas, Jamaica, and Nigeria have already introduced CBDCs. And more than 100 countries are in the exploration stage. Central bankers in Brazil, China, the euro area, India, and the United Kingdom are at the forefront.

What will replace money in the future? ›

The future of money is expected to be heavily influenced by technology. Predictions include the rise of cashless societies, the growth of cryptocurrencies, the continued adoption of digital currencies, and the potential offering of a Central Bank Digital Currency (CBDC) by governments.

Is digital currency the future of money? ›

Digital money has the potential to transform the financial sector. Emerging markets and lower-income countries stand to gain the most from this dramatic shift.

What banks will not use FedNow? ›

Bank of America, Citigroup, PNC and Capital One Financial, all among the nation's 10 largest banks, still haven't signed on to FedNow, according to the Fed's latest list of participants. FedNow launched last July, promising to speed up transactions for consumers and companies.

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