Create Your Hedge
Fiat money does not have any intrinsic value. What value it has depends on public confidence in the currency's issuer. Legal tender is any currency declared legal by a government. Many governments issue a fiat currency and then make it legal tender by setting it as the standard for repaying debt. – “Investopedia”
Take a look at the picture below...
The value of the Federal Reserve Note above, can be seen in the upper left hand portion of the note which states: "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE".
Creating a hedge of protection against a currency collapse is a good reason to purchase precious metals in physical form.
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"A good man leaves an inheritance for his children's children..."