When the currency becomes devalued by the week, day, hour, those on a fixed pension, hold bonds or even a job are robbed of purchasing power and could even get wiped out. Jobs disappear.

Stocks go up as the currency is debased but only if the companies stay profitable and solvent. It is one way to protect yourself with the right stock. Precious metal miners out side your jurisdiction are likely a great investment.

Gold and Silver keep pace and may even have more value due to scarcity. Barter with essential goods is valuable. Cigars, whiskey hold value. This may be the time to buy Toilet paper or other non-perishables. Almost any non-perishable essential will have value to yourself or to barter as they keep value into the future.

“Strong” foreign currencies are almost as good as Gold as they provide increased buying power in your country.

I would prefer to hold Gold and Silver and own the miners.

It is heart wrenching to read of the despair of people who thought they were protected but weren’t.