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A lot of people store gold in the event that the Dollar collapses. The only issue is gold is pretty useless in everyday situations, because of their value. Buying groceries with a $2600 gold bar is pretty illogical. However, ASI started producing a gold bar called the "Combi Bar", that is made with grids. This would allow someone to break off littlepieces, each piece equals about $50. The gold pieces would make smaller purchases possible, if the dollar were to ever collapse.
Wiki User
∙ 11y ago
Wiki User
∙ 8y agoTypically, when a currency collapses, that country's economy stops functioning in any meaningful way and government administration becomes very weak.
There is no serious economist who believes that the US Dollar is near collapse. By contrast, the US Dollar is seen as one of the most stable and reliable currencies that currently exist.
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What happens when the US dollar appreciates?
The dollar is worth more.
What happens when the euro depreciates against the US dollar?
we all go broke
Will the 2007 jefferon liberty nickel increase in value?
Unlikely. It is not a low mintage year. Unless the US dollar collapses in value, it isn't going to be worth more than 5 cents in our lifetimes.
What currency can be used if us dollar collapses?
This question is hard to answer because there are too many scenarios. I list a few:Gold or Silver backed dollarFiat dollar againGold and Silver (short term)World currency (Unity, Bancor, ...)Digital money (chip)In case of a US dollar collapse its very likely that all banks default as well. I would not speculate that any other currency (like Swiss franc) would be accepted anywhere.
What is the US dollar to the Canadian dollar?
1 US dollar is equal to .9843 Canadian dollar.
What happens when a volcano collapses in on itself.?
When a volcano collapses on itself a caldera is then formed.
What happens when the US dollar appreciates?
The dollar is worth more.
If the dollar and the euro collapses where should you put your money?
Give it to me ( :
What happens when a cavern roof collapses?
sinkhole
What happens when massive stars collapse?
The collapses star gets squeezed by collapses gas and turns into a black hole.
What happens if a sea arch collapses?
A Headland is formed
What happens to a star when it has used up all its fuel?
It collapses.
On runescape what happens to your armor if your grave collapses?
it will all dissappear
When a stars core collapses does a giant explosion happen?
Yes, if the star is massive enough when the core collapses a supernova explosion happens.
What happens if you wash us dollar bills?
The money becomes clean.
What happens to a can when heated and transferred to cold water?
The can collapses and closes in on itself.
What happens when a star can't hold it's weight?
The core collapses
