In a nutshell, the oil-based socialist economy of Venezuela has been breaking down for some time now as oil prices have been quite low. I have written about Venezuela a few times in the past and if you are curious you can find those articles here and here to help bring you up to speed. In Venezuela, the citizens are experiencing a currency crisis as you read this. How To Use Gold and Silver In A Crisis : Venezuela. In this article, I will try to answer Mary’s question citing a currency crisis happening right now as well as a very interesting story about a tragic crisis experienced by a friend of the family. This has to do with the fact that there are many different types of crises, and how you might use metals in a crisis depends on the type of crisis at hand. While Mary’s question may seem simple the answer is complex. Buy Gold and Silver For Times Of Crisis! ITM Trading’s Online Store For Gold and Silver This cannot be said for many banking and fiat money products which may require days or weeks or longer to liquidate. Secondly, people want to own something that will still have value during a financial or another type of crisis.īecause you can physically own and hold gold and silver bars and coins precious metals can offer you immediate access to your wealth 24 hours a day 7 days a week. First and most often, potential owners of gold and silver want to safeguard their wealth while making a profit. I find that most often people new to the idea of owning gold and silver are considering entering the market primarily for two reasons. She WantsTo Know How To Use Metals In A Crisis.
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