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[SOURCE](https://thefinancialexpress.com.bd/uploads/1627140807.jpg)</center>

The price of gold has long been considered a safe haven asset, a status it has earned through its history as a store of value and medium of exchange during times of economic and political instability. A collapse of the financial system would likely result in a significant impact on the price of gold, although the exact nature of this impact is difficult to predict.

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[SOURCE](https://cyprus-mail.com/2021/08/17/gold-steady-safe-haven-delta-afghanistan/)</center>

In the event of a financial system collapse, many investors would likely seek out safe-haven assets such as gold as a means of protecting their wealth. This increased demand for gold could drive up its price, as more investors try to acquire a limited supply of the metal. Furthermore, during a financial crisis, many investors may lose faith in paper currency and instead turn to tangible assets such as gold as a means of preserving their purchasing power. As a result, the value of paper currency may decline, causing gold to appreciate in value.

However, it is worth noting that the supply of gold is not fixed, and can be increased through mining and other forms of production. If the price of gold were to rise significantly, mining companies and other producers of gold would have an incentive to increase production, which could help to mitigate the upward pressure on the price of gold.

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[SOURCE](https://www.nicepng.com/png/detail/416-4169247_shrugging-clipart.png)</center>

Additionally, a financial system collapse would likely result in a significant decrease in economic activity, which would lead to decreased demand for goods and services. This could put downward pressure on the price of gold, as investors would be less likely to purchase the metal as a store of value if economic conditions were unfavorable.

Finally, it is important to consider the role of central banks in any potential collapse of the financial system. Central banks hold large amounts of gold as a reserve asset, and they may choose to sell some of these holdings in order to stabilize financial markets and provide liquidity during a crisis. This could put downward pressure on the price of gold, as the increased supply would come at a time when demand is likely to be reduced.

For upfront clarity and honesty, I am a gold bug and a precious metal junky.... Ive tried to give as an unbias outlook as i possibly can with waht might occur RE "the price of gold". There are several possible outcomes when the death of the  **$$** finally comes as the worlds reserve currency. The potential impact of a financial system collapse on the price of gold is complex and depends on a variety of factors. It is likely that the price of gold would rise initially as investors seek out safe-haven assets, but the overall impact on the price of gold would depend on a number of factors, including the supply of gold, the state of the economy, and the actions of central banks. It is impossible to predict the outcome with certainty, but it is important for investors to consider all of these factors when making decisions about their portfolios in the event of a financial crisis.

So what it boils down to is, whilst the inevitable collapse of the financial system may not be imminent, my advice is to diversify your portfolio into gold and silver and eliviate some of the certain risks that come with holding paper no one wants anymore.

<center>![Screenshot_20220214-214651_Chrome.jpg](https://images.hive.blog/DQmZP2jC4LH2SBXTKPcY2vSYmwpzBwqm3sSFRMmqYUZEvuQ/Screenshot_20220214-214651_Chrome.jpg)</center>

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