What To Own When The Dollar Collapses: 8 Proven Assets To Own

If you want to protect yourself from potential drops in the US dollar, here is the best long-term investment if the dollar crashes:

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Updated On: November 22, 2022

Are you constantly worried about what would happen to your life savings if the dollar collapses?

Don't worry, and you're not alone. Many people are worried about the same thing, and it's essential to consider your options for the future.

The good news is that certain assets you can own will protect you from a dollar collapse.

Here are eight proven assets to own when the dollar collapses

TL;DR: What To Own When The Dollar Collapses

  • Gold And Silver Coins
  • Gold IRAs
  • Real Estate Investments
  • Foreign Bonds
  • Collectables Such as NFTs
  • Food Storages
  • Own Foreign Currency
What To Own When The Dollar Collapses

8 Assets to Own When the Dollar Collapses

When the world economy is unstable, many investors worry about the possibility of a currency collapse.

While it's impossible to predict precisely when or how such an event would unfold, certain assets can help protect your wealth during a dollar collapse.

1. Gold, Silver, and Other Precious Metals

Gold, silver, and other precious metals have long been prized for their beauty and value. Gold is often referred to as the "universal currency" because it can be used to purchase goods and services worldwide.

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The same is true for silver and other precious metals. However, there are some significant advantages that Gold and silver have over other currencies. For example, Gold is not subject to inflation like the U.S. dollar.

Gold, silver, or any precious metal can't be printed or created like other fiat currencies, so their supply is limited. As a result, Gold and silver tend to hold their value better than other currencies. This makes them an excellent investment for those looking to protect their wealth.

Related Blog Post: How To Invest In Silver

2. Gold IRAs

When it comes to investing for retirement, various options are available. However, not all investments are created equal.

One asset that has stood the test of time is physical Gold. Gold is a valuable commodity recognized worldwide, and its price tends to be relatively stable even during economic turmoil.

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Gold can be easily purchased and stored, making it an ideal investment for those looking to diversify their portfolio. If you are considering adding physical Gold to your retirement portfolio, research and work with a reputable dealer to ensure a smooth transaction.

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3. Collectibles

While the stock market has seen its ups and downs in the past few years, many investors have turned to tangible assets to protect their wealth. Collectibles can be an excellent hedge against inflation and economic uncertainty, whether art (NFTs), wine, or rare coins.

Collectibles: dollar

Many collectors have seen their portfolios appreciate significantly in value during market turmoil. And with the recent outbreak of political and economic instability in many parts of the world, now may be the ideal time to start diversifying your portfolio with collectibles.

Tangible assets are often less volatile than stocks and bonds and can provide a measure of safety during economic turmoil.

So if you're looking for a way to safeguard your wealth, collectibles should be at the top of your list.

4. Real Estate

Many people believe that real estate should be part of their investment portfolio. After all, a home or other property can be a valuable asset and can appreciate over time.

However, another reason to consider investing in real estate is that it will still be a valuable asset when the dollar collapses.

Create wealth through real estate

While the dollar's purchasing power may decrease, the real estate value is not likely to drop as dramatically. Real estate could become more affordable when the dollar is worth less. 

You can also own real estate in other countries, which can help you secure cash flow with rentals, such as Airbnb or Sonder.

As a result, investment in real estate could be a smart way to protect your assets in the event of a dollar collapse.

5. Food Storage

When preparing for a possible economic downturn, one of the most important things you can do is develop a plan for food storage.

Having a stockpile of non-perishable food items will help you weather any potential higher prices or shortages that may occur during an economic downturn. And while the U.S. government has programs to help people during an economic crisis, having your food storage will give you an extra level of security.

There are several different ways you can go about building up your food storage. One option is to purchase non-perishable items in bulk when they are on sale. Another option is to grow your fruits and vegetables.

If you have the space, you can even raise chickens or other animals for meat. Whatever route you choose, building up food storage should be a crucial part of your economic preparedness plan.

6. Foreign Currencies

Owning foreign currency can be a great way to protect yourself if the dollar falls.

Now, when it comes to fiat currencies, there is always the risk that they will collapse. This is especially true for the U.S. dollar, the world's reserve currency. If the dollar were to collapse, it would have a devastating impact on the global economy.

That's why it's essential to diversify your assets and include foreign currencies in your portfolio.

Here are a few to look into:

  • The Chinese Yuan
  • The Japanese Yen
  • The European Euro
  • The Norwegian Krone

While there is no guarantee that any fiat currency will survive a dollar collapse, owning foreign currencies will give you a better chance of weathering the storm. And if the dollar eventually collapses, having foreign currencies will help you rebuild your wealth.

7. Survivalist Supplies

When people think of assets, they typically think of stocks, bonds, and other investments. However, other assets can be just as valuable, if not more so.

One such asset is a stockpile of survivalist supplies. In the event of a major disaster, having a supply of food, water, and medical supplies can mean the difference between life and death. Also, survivalist supplies can be used to barter other goods and services.

While having some money set aside for emergencies is essential, investing too much money in survivalist supplies can be a liability. If the supplies are never used, they are simply a waste of money.

However, those supplies can differ between life and death if an emergency occurs. Therefore, survivalist supplies should be considered an essential asset to own.

8. Foreign Bonds

When it comes to investing, there are many different options to choose from. Stocks, bonds, and mutual funds are just a few choices available. With so many options, deciding where to put your money can be tricky.

However, foreign bonds may be a good option if you're worried about the possibility of the dollar collapsing. Unlike stocks and mutual funds, denominated in dollars, foreign bonds are priced in foreign currencies. If the dollar's value declines, your foreign bonds will become more valuable.

Additionally, foreign bonds tend to have lower interest rates than U.S. bonds. This is because foreign countries generally have higher inflation rates than the United States. As a result, foreign bonds can offer stability and growth potential during an economic collapse.

Will The U.S. Dollar Collapse?

The United States dollar has long been considered a safe haven asset, but some believe it is in danger of collapse. A currency collapse typically occurs when the value of a currency plummets, often due to high inflation or economic instability.

The federal reserve can help to stabilize the economy and prevent a currency collapse by raising interest rates and increasing the money supply.

However, if the federal reserve fails to take action, there is a risk that the US dollar could lose its status as a safe haven asset and become subject to the same fate as other currencies that have collapsed.

What Happens To Stocks If The Dollar Collapses?

While it's impossible to predict the future, if the dollar were to collapse, it would likely have a significant impact on the stock market. A weak or collapsing dollar makes U.S. exports more expensive and less competitive.

This could lead to a decline in demand for American goods and services, eventually hitting profits and stock prices. In addition, a collapsing dollar would also make it more difficult for American companies to repay their debts.

With interest rates rising and the value of the dollar falling, companies would find it increasingly difficult to service their debt payments. This could lead to defaults and bankruptcies, further exacerbating the already-weak stock market. Finally, a collapsing dollar would also increase inflationary pressures.

As the cost of goods and services rises, corporate profits would eventually be squeezed, leading to lower stock prices. While there's no way to know what would happen if the dollar collapsed, it's safe to say that it would significantly impact the stock market.

Related Blog Post: Safe Investments For Seniors

Wrapping Up

So now you know what to own when the dollar collapses, I recommend purchasing precious metals, foreign stocks, and a physical asset like Gold. These will be the new haven assets if the U.S. government and the stock market crash.

Precious metals, foreign stocks, and Gold are suitable investments if you're worried about the possibility of the United States dollar collapsing.

These assets would likely increase in value if the dollar collapsed, providing you with a hedge against inflation and economic instability. However, it's important to remember that no investment is without risk.

Before investing, be sure to do your research and understand the risks involved.

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About the Author

Colin Shipp is a marketer who has been working remotely full-time since 2015. He specializes in growth marketing, content marketing, online courses, and remote work. On ColinShipp.com he writes about strategies he is using in his own life.