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02-Jun-2020 13:48

And though Armstrong says that gold and silver will likely not be accepted at your local super market, he has also previously noted that gold itself is an asset of last resort to preserve wealth in a situation where the public has lost confidence in their governing bodies.

Thus, while you may not be able to hand a pre-1965 junk silver quarter to your grocery clerk in the immediate aftermath of a financial emergency, barter markets will likely emerge just like they did in Greece following the initial collapse of that country and at that point trading directly with gold, silver or other physical assets like liquor, cigarettes and food may become commonplace.

It should be clear that something is very wrong in financial markets.

In such a scenario, having a one to three month reserve of cash will come in handy.During 1949, however, he was relocated to Malta where he trained anti-Communist Albanians.In 1950 he secured appointment as Lecturer in Persian at Oxford University.By the end of the war his task was even more fraught.