What to Own When the Dollar Collapses [More Options]

If you’re wondering “what to own when the dollar collapses” you’re in the right place.

In this article, we’re going to explore one of the most overlooked (and easy to access) options that can insulate you from a collapse in the dollar.

Better yet, you can even continue holding dollars until you decide it’s time to diversify, quickly converting into much more stable currencies and investments.

Of course, we’re talking about offshore multicurrency bank accounts.

Importantly, the offshore bank accounts we’ll discuss are located in the best banking jurisdictions in the world.

And, they provide easy access to your funds, stable currencies, liquid investments, and instant access to your funds through international debit cards and other alternatives.

Feel free to use the table of contents to jump ahead to any sections that are immediately relevant to your search.

Table of Contents

  1. What to Own When the Dollar Collapses
  2. How to Prepare Your Assets If the Dollar Collapses
  3. How Does a Dollar Crash Impact Foreign Currency?
  4. Frequently Asked Questions
  5. Ready to Explore Your Options?

What to Own When the Dollar Collapses

While many investment advisors will urge you to buy gold, silver, commodities, real estate, bitcoin, or other hedges against the dollar, we suggest finding ways to unlock even more options.

In fact, instead of committing to one specific (often illiquid) asset class, you can put yourself in a position to have exposure to any or all of them.

Better yet, by choosing the right offshore bank, you can have immediate access to every asset class imaginable.

And, thanks to online account management, online brokers, and the use of international debit cards, there has never been a time with fewer restrictions to using, accessing, and managing your money.

With this in mind, many individuals consider opening accounts in the following jurisdictions, which offer excellent banks and a wide range of options to own when the dollar collapses.

Offshore Banking Jurisdictions to Consider

  • Guernsey
  • Isle of Man
  • Jersey
  • Liechtenstein
  • Singapore
  • Switzerland

In the following sections, we’ll take a closer look at what could happen if the dollar collapses.

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How to Prepare Your Assets If the Dollar Collapses

If you believe the US dollar will likely collapse, there are several steps you can take to have a robust strategy in place beforehand. In this section, we’ll take a closer look at how opening offshore accounts plays into this strategy.

  1. Open bank accounts in multiple jurisdictions to increase the number of choices you have when it comes to currencies and investments.
  2. Select the specific asset classes that you feel provide the best protection against a potential collapse in the dollar.
  3. Open any brokerage and investment accounts that are required to buy and hold those assets.

Importantly, when it comes to choosing where to open international and offshore accounts, the country matters just as much as the bank. With this in mind, we want to take a closer look at one of the most important variables that can impact a country’s banking sector, the currency.

How Does a Dollar Crash Impact Foreign Currency?

Foreign currencies would be impacted differently by a crash in the value of the dollar. When it comes to choosing which currencies would benefit from a crash, it’s important to consider historical performance, the economic activity of the country, and whether the currency is pegged to any other currencies.

For example, historically, resource-based economies perform well during a period of weakening dollars. This is in part because commodities are priced internationally in USD, so when the dollar declines in value, the price of these commodities rises to reflect the change.

On the other hand, economies that rely heavily on US consumer demand may be negatively impacted. This is because US consumers will likely have less discretionary purchasing power and foreign goods will appear more expensive in US dollar terms.

Impacting Foreign Currency

The US dollar has a strong impact on foreign currencies. This is true during times of dollar appreciation and weakening. In fact, while the United States has experienced inflation in recent years, the appreciation of the US dollar has driven even higher inflation elsewhere.

With this in mind, before considering whether you may be better off holding a foreign currency instead of the dollar, you should consider all of the risks and rewards associated with the decision. Likewise, if you are considering resourced-based economies (and foreign currency), you should take a close look at the underlying country before making any decisions.

Frequently Asked Questions

Below are two of the most common questions that we receive from people wondering what they should own when the dollar collapses. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.

What Will Happen to Gold If the Dollar Collapses?

If the dollar collapses, gold will likely appreciate in value as it has an inverse relationship to the price of the dollar. As a result, many market speculators believe that gold is an efficient hedge against the dollar. As always, it’s important to conduct your own research and decide whether gold is a suitable investment for your portfolio.

Where Should I Invest Money If a Dollar Crashes?

When deciding where to invest your money, it’s important that you consider all of the potential risks and returns. This is especially true when looking at volatile investments, like those that are often referenced as protection against a crash in the dollar. Additionally, you should conduct your own detailed due diligence before making any investment decision and seek advice from qualified advisors.

Ready to Explore Your Options?

If so, you can access GlobalBanks Insider and start the process of applying for an offshore account in a few clicks.

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And “yes!” GlobalBanks Insider is designed to help foreign and non-resident individuals and companies open bank accounts.

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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