Anyone who believes we will all wake up tomorrow and find ourselves in the deepest, darkest, societal and/or ecumenic collapse is simply wrong. Advising people to run out and charge up their CCs and place themselves even further in debt thinking they will not have to pay any of it back is just bad advice and I am surprised Daisy would want to publish it. How many out there would be swayed to do such a thing and loose everything they still had as a result of it. Think a moment… how long have we been reading articles claiming that a collapse is imminent, but things keep right on moving along? Will a financial collapse happen? Yes! But we know neither when or to what degree. Reminds me of those instances some members of a cult sold or gave away all their worldly possessions to go stand on top of a mountain to wait the imminent arrival of the “mother ship”. They finally all trudged back down disillusioned to be destitute in the same ‘ol world.
If the electronic banking system shuts down for whatever reason cash will be king for a brief period. Have cash! Those cards won’t be working and you will not be buying anything without cash.
It has been said that gold is the store of wealth for the powerful. That silver is the currency of the common man. That barter is the currency of the serf. And that debt is the currency of the slave. Both gold and silver have been the medium of exchange for over five thousand years. So, some will tell you to forget it. Buy another sleeping bag instead. Foolish considering how cheap silver is now. For the price two would pay to eat at a fast-food restaurant you could buy a US Silver Eagle and put it away – around $16. Gold is expensive when most look. But not altogether unaffordable if one tries. Both gold and silver are a store of wealth. Neither can be inflated away.