In the event of another financial crisis, but on a much bigger scale. How will you survive?
"Keep your money safe in a bank account"...That is what we all thought until the 2012/13 Cypriot financial crisis which saw a complete shut down of the Cyprus banking system. And for the first time in Europe, a raid on customer bank deposits. Loyal customers lost hundreds of thousands of Euros and in some cases millions.
Cyprus was clearly a test case to see how a population would handle the theft of their own money by the very banks they trusted it to. The result was positive for the European banking system, there were no riots on the street, no looting or killing, the people just got on with their lives. Only a fool would now think that this will never happen again, and the next big one will most likely be the U.S.A.
~ NOTHING was fixed in the banking industry from the 2008 housing market collapse in the U.S.A. Watch The Big Short movie. The problem was just buried under media stories to keep our minds occupied elsewhere.
Your prepping priorities should be:
- Land away from the city with shelter
- Solar energy
- Physical Gold
- Gold backed prepaid MasterCard
I love the Karatbars model of investing, it's an affordable and easy way to buy pure investment grade gold as a real alternative to paper money which is not backed by anything including the banks! (as proven in the Cyprus bank raid on depositors).
One gram of pure gold currently costs around €57. Unlike investing in large and extremely heavy gold bars, your ability to exchange these small units of pure gold for food, water, shelter is much more feasible. Just think about it, how would you exchange a large and extremely heavy gold bars for cash in a time of total collapse? I know which one I would rather have when the lights go out and there is no food left in the supermarkets, something that I can carry in my pocket and barter anywhere in the world for life saving supplies.