Posted on 02/11/2009 10:37:46 AM PST by OneVike
I have been invested in Ammunition for a good many years, I have recently endeavored to diversify my investments these past few months.
I have put a largish sum into Ramen Noodles, Coffee, Canned Hash and Spam, Beans, Rice, Spices, Tea, Canned Fruits and Vegetables, Several Water Purifiers, a small portable single butane burner with several cases of Butane canisters, and bags of Salt and Sugar all stored in water proof containers and all the dry goods sealed in vacuum packs.
Also several battery operated lanterns and flashlights and a system to charge those batteries using our SUV. Plus a couple of Kerosene heaters and we recently installed a natural gas wall heater that can run without electricity.
Several of my friends thought I was off my rocker till the power was off several days in my county. We were eating and cooking and reading by lantern and staying warm. They were moving to hotels and relatives homes and those who still had power were driving many miles to buy food since our grocery stores were without power.
Two of those friends came by after the power was on and asked for my shopping list for self sufficiency.
Most folks don’t realize there is only like three days worth of food in the pipeline.
There isn’t much to know. A Ruger 10/22 with a scope is capable of a brain pan shot at 100 yds and $100 will buy enough bullets for a small battle. You can put more lead down range, quicker, and more accurate, than shooting 2 arrows. Gun saftey would be the thing to learn for any fire arm if you haven’t ever handled them.
What is the most intelligent way to buy bullion?
Where do you buy the krugerrands and how do you know you are not overpaying?
Rice is not a bad idea and it stores for a long time!
i am interested
Seriously, to me, gold, silver, and other metals are a sensible investment. As you said, they are a hedge against inflation and weak currency. They're also portable and you can keep them with some degree of anonymity. I can't say that 30% is a good number - for me, that's high.
Another good investment is ammunition, which the left would like to make scarce and which will probably be more useful than precious metals in times of Armageddon.
That would probably be more sensible if we were experiencing an ordinary situation. We're not. We just elected a communist President who believes that the answer to a credit crisis is to borrow more money.
I can't say whether gold will go higher or not, but if you think that the dollar's about to take a plunge and inflation's going to happen, then gold is bound to go considerably higher than it is now. On the other hand, if you don't think that inflation is likely to happen (and some are predicting deflation so this isn't cut and dried), then gold or another precious metal is a good investment even at today's prices.
Which begs the question, 'can the US government confiscate gold currency from another nation?' For example, the Chinese Panda or Austrian Philharmonic? These are, after all, currency from another nation.
They have the guns. They can do whatever they want.
ML/NJ
The golden rule still applies;
"Never gamble with more than you can afford to lose". The nice thing about gold is that would won't lose everything.
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