LESSON # 8: How you can get richer as the world economy collapses. CRASHES do not happen over night. CRASHES take decades to occur. For Example: Silver crashed in 1965: when the US government turned silver coins into fake coins…. Violating Greshams Law which stated when bad money enters the economy good money goes into hiding, In 1965 I was 18- years old and began saving “real silver” coins. Today I have a lot of real silver coins. In 1971 President Nixon took the dollar off the gold standard. The price of gold became erratic and the world economy blew into an economy of debt. Today America and Japan are giant debtor nations. The American consumer is deeply in debt with mortgages, student loan debt, and credit card debt. Homelessness is exploding…. Even people with jobs are homeless because they cannot afford rent. In 1972 I bought my first gold coin a South African Kruggersnd for $50. I had to smuggle in that coin because it was illegal for Americans to own gold. Today I store my gold and silver in Switzerland just in case…. ...