How Much Will Silver Be Worth If The Dollar Collapses?

If you aim to protect your investments in uncertain times of global political turmoil, you should know all your options.

Considering all currencies are more-less susceptible to a decline in value in times of war or major natural disasters, you should best have a safety net.

Investing in precious metals is an excellent way to be proactive about economic uncertainty. The gold market has already proven to be a valid investment alternative, but what about silver?

How much will silver be worth if the dollar collapses? Is it worth investing in?

Let’s find out together!

To Invest or Not To Invest: How Much Will Silver Be Worth If The Dollar Collapses?

The predictions state that if the dollar collapses, silver will at least retain its “intrinsic value.” Precious metals have proven to be stores of such value throughout history. During previous financial crises, the silver price actually went up. Of course, past trends won’t necessarily repeat in the future.

Even though history is life’s teacher, no one can tell you with any certainty what will happen if major currencies such as the dollar collapse. Any predictions are mere speculations, no matter how well-reasoned or supported by past events.

The cause of the global disaster that has led to the dollar collapse is the main thing that will influence the value of silver or any other item in the world.

The principal question is: Will there be any demand for silver?

When there is no demand, there is no real value. You can price your silver as high or low as you like, but it is all in vain if there is no one to trade with. In widespread chaos, it might very well be the case.

The next logical question is: Will you be able to use silver to buy what you need?

What is any currency, precious metal, or gem worth if you cannot use it to buy what you need? If the dollar collapses and there are hordes of hungry people trying to trade their worthless paper bills for essentials, the whole system is likely to collapse as well. Soon enough, there would be nothing to buy, and no silver nor gold would be worth much in such a horrid scenario.

The bottom line is: If the dollar collapses, the whole world will most likely be in more trouble than any amount of silver (or even gold) can fix. On the bright side, it is highly unlikely that this will happen any time soon. It is thus much wiser to consider the value of silver in case of a moderate financial crisis.

Meeting Your Expenses During Financial Crisis: How Much Silver Do I Need to Survive?

You can roughly guess how much silver you would need to survive or replace your current standard of living, assuming the price of silver keeps up with the inflation. If your monthly expenses are up to $1000, you’ll need about 50 ounces of silver each month.

The following table shows how many ounces of silver could hypothetically cover your usual monthly expenses if the financial crisis lasts for a year:

Once again, I must stress that these assessments are made on the presumption that silver will hold its value throughout the crisis. The good news is that in the past financial crises, the price of silver not only remained stable but has often increased. If that happens, you might need less silver than stated in the table. Wouldn’t that be great?

Considering that a total collapse of the dollar is not likely to occur any time soon, it might be wiser to see what would happen to silver if the dollar value decreases. So, let’s find out!

Silver vs. Dollar value: Does Silver Go Up If The Dollar Goes Down?

The value of silver is most likely to go up if the value of the dollar goes down. History has taught us that when the value of the US dollar plunges, silver and gold can save the day.

Silver is not a currency – it is a commodity. Its value is based on the extraction expenses and current demand.

Silver has to be mined. Unfortunately, there is no more so-called “easy silver” left on the planet. It has already been mined. As a result, the silver extraction price will only grow in the future, and the silver value will inevitably increase, too.

It is not realistic to think that any precious metals, silver included, will lose their value over the long run. The purchasing power of silver will either stay the same or go up (which is more likely) even if the dollar value plunges.

In the case of a major crisis, the prices fueled by debt might rocket at first, but they are bound to crumble and get back to some sensible level. Therefore, the only real risk to investing in larger amounts of silver is having to pay a lot for its storage in the vaults or taking up the risk of storing it on your own.

Can silver earn you a ton of money, then?

Probably not. It is unrealistic to expect to earn tons by investing in silver alone. To do that, you would probably need to invest in gold or silver miners, or other commodity industries. So, if you want to be a big-time investor, the best advice I can give you is to hold some precious metals and many miners in your portfolio.

Silver is more of a safety net. If you want an investment with a possibility of a high return, you should best look into other possibilities. Do consider that such investments typically bear much higher risk, as well.

Final Words

Investing in silver is a great safety net. It can help you preserve your money’s worth in a financial crisis.

Even though no one can tell what would happen if the dollar collapses, many experts agree that having some precious metals will do you good. If you want to be able to profit from a crisis, you might consider silver miners instead. Do consider the higher risk of such investment, too.

The best advice I can give you is: Do not hold all your eggs in one basket!

I hope I have helped you forge your financial crisis plan. Feel free to share your thoughts in the comment section. Share this article, too. In a time of crisis, we must all stick together!