How To Benefit From A Bartering System

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How To Benefit From A Bartering System

All you have to do is turn on the TV or read a newspaper to discover just how bad the monetary situation around the world is. Many people are trying to find ways to distance themselves from this economic downturn. Others fear that the collapse of the economy is imminent (myself included). It is difficult to predict just what will happen in the future. The only thing that you can do is to protect yourself from the fallout. Be prepared! If currency and the financial markets collapse, the world will likely resort to some form of bartering at some point. This means that you will have to exchange goods of equal or similar value with other people. Hopefully this article will give you some ideas to make sure that you benefit from such a system, here are the basics of what you need to know.

Be Prepared

tools

The best thing that you can do in this situation is to make sure that you have everything that you need to survive. Click the following link to see some information about how to begin being prepared for disaster situations. You should try to limit the amount of bartering that you have to do unless it is strictly necessary. This means stocking up on essential items before the collapse! This includes non-perishable food items, clean water, medications, warm clothing, survival gear, and a means to protect you and your family. You may also want to include tools and other supplies on the list of things that you will require given the circumstances. Here is an article about how valuable tools and the ability to use them will be in a collapse.

Have Alternatives to Currency

gold-bars

Just because currency may lose its value, it does not mean that everything will. For instance, you may find that precious stones and metals like gold or silver will suddenly go up in worth. Many people will likely begin using these as the new form of currency at some point after a collapse and this may be simultaneous to an emerging barter economy as well. This is why it can be a good idea to begin buying gold bars for prepping. Silver coins or even pre-1964 “junk silver” coins may also be a good idea as well.  It is highly likely these items will become incredibly desirable in the wake of an economic crash. Gold, in particular, is quite important as it historically has tended to maintain its value regardless of the financial situation. It is also important to have such commodities around when the economy does begin building itself back up again. So that you will be able to invest in this new structure with something that already has an established importance and lasting value.

 

Stock up on High-Value Barter Items

alcohol-and-cigar

Hopefully the first thing that you did was to stock up on essential items that would be of importance to you. Once you have an adequate supply of the basic essentials, you should consider creating a second stockpile. This stockpile will be made up of items that other individuals will find desirable and that may be hard to find or produce after a collapse. Some good things to have in this barter stock pile could be vegetable seeds, water purification pills or filters, toilet paper, bleach, lighters, matches and other items that may become scarce. Additionally, some other great items may be vice items such as cigarettes, cigars, alcohol, caffeine, cool-aid, chocolate, coffee, etc. With these, you will be able to bargain from a position of power. This will typically mean that you will be able to walk away with a better deal. The video below expands on this idea a bit.

Carefully Determine Worth

With the system that is in place now, it is easy to determine the value and the worth of an item. For instance, you understand that it is fair that a diamond costs more than an apple. When the rules are less clear cut, however, you are going to need to figure out an entirely new worth for these things. This is so that you will be able to exchange them for items of equal worth. It is also so you will be able to distinguish the exact significance of what you hold in your possession. Carefully consider each transaction before you shake hands and finalize the deal.  It may also be worth talking with a few people about the transaction prior to finalizing to ensure that you are getting a good deal. These are important things to remember in the event that you will need to take part in a bartering system. Lastly, never take all of your barter items or valuable items with you on the first trip to the marketplace.  These gray market places have been known to be filled with criminal and gangs and it can be dangerous to carry around too much of any valuable item.  It may be worth while to try to get the vendor to meet you in a more secure place or make sure that you have a security team with you if you are forced to do the deal in the market.

What suggestions do you have for operating in a barter economy? Let us know in the comments below!

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