In a stock market crash, using gold and silver to pay bills would be tough, as most businesses don’t accept them directly. You’d need to sell them for cash, which might take time. In extreme cases, they could be used in barter, but that's rare. It's better to have an emergency cash reserve for immediate needs.
In the event of a stock market crash, having silver and gold can be valuable as they are tangible assets. However, their liquidity might be limited for everyday transactions, so it's important to have a practical plan for managing expenses and consider other forms of financial safety.
Comments (2)
Dominor
5
All about Miami
In a stock market crash, using gold and silver to pay bills would be tough, as most businesses don’t accept them directly. You’d need to sell them for cash, which might take time. In extreme cases, they could be used in barter, but that's rare. It's better to have an emergency cash reserve for immediate needs.
abhinav singh
1
digital marketing
In the event of a stock market crash, having silver and gold can be valuable as they are tangible assets. However, their liquidity might be limited for everyday transactions, so it's important to have a practical plan for managing expenses and consider other forms of financial safety.