Posted on 06/07/2010 1:44:46 PM PDT by blam
Supposing you live through the *short term*
If you think that will be a breeze, read some of Travis Mcgee’s books.
In the “old” days I think that gold sold at a ratio to the silver price of something like 15X. Now it’s over 68X. Why is silver now so cheap compared to gold?
Me.
Bring me gold and you will not starve.
Here’s his blog. My Wife found this several years ago.
We use it as one of our preparedness guides. Everyone should read of their ordeals during the Argentina economic collapse.
If you think that will be a breeze, read some of Travis Mcgee’s books.
I absolutely don't expect that I'd live through the short term. But I can almost guarantee that I would not expire alone.
But in the event that I or one of the few in my close circle of trusted people should survive, a little pile of universal wealth would be very beneficial.
And yes, I do need to read more of Travis McGee's material.
Not if it's in Detroit! :)
Free advice is worth what you pay for it. I think the mod needs to charge someone for advertising.
I'm afraid most folks think our pending economic collapse (or any of a myriad of other disasters) will be a minor inconvenience and that everything will quickly return to perfectville.
I have serious reservations and I'm planning accordingly.
I’d cover all the other bases first, (debt, survival gear, ammo/weapons etc) then get silver, then gold last.
Check out the blog in post #44.
What this guy lived through will undoubtedly be our future.
You could most likely get all the gold you want when folks get tired of carrying it. LOL!
Yes, but one must be careful not to invest a fortune in that lifeboat business and then have the Titanic skirt the iceberg and reach port.
There are millions upon millions of ounces of gold in the ground that can be extracted for $300-$500/oz. Many companies have a difficult time getting financed because it takes many years to recover the huge investment in building the mine and no one can be certain that the price of gold will not return to those levels before the investment is recovered.
I LOVE gold, but I am careful to pay more for something than it costs to make another one.
I also invest in real estate and I would not (and DID NOT) pay millions for properties that could be replaced for hundreds of thousands. Many people did and lost their a$$e$!
not possible at this point.
the fed was able to do it before, as the dollar was backed by gold. today, the dollar is not backed by gold... so any private ownership of gold is your personal property. just like owning stocks or real-estate.
and if the government is going to outlaw owning personal property, i think they’ll have a big fight on their hands.
Indeed - and I personally don't think that now is a great time to buy gold. Certainly a good time to be holding it though. Depends on what you see as our future. There are a number of scenarios where gold at today's prices would still be a wise investment, but there are many others where it would not be a good investment. Weigh the options before making an investment. Might be better off buying MRE's, ammunition, or other durable stuff.
Someone's gotta do it.
:-)
Gold is an investment if you include speculation in that category. Those who buy and sell it on price swings make money or lose money. They are investing/wagering for gain. Buy and hold gold is never an investment for gain because gold doesn’t really change in value over the long term. It is a store of value and as such is always bought, held, and ultimately sold at a small loss because of premiums and storage costs. However, If one has gold and the markets go to hell and/or prices are spiking and diving then the one who has gold is better off than the great majority of everyone else because he is not losing beyond those premiums and storage costs. He is holding wealth that he is not spending trying to grab onto financial rockets or trying to catch falling knives or just spending on consumables.
A good stock of all those commodities is a pretty good hedge.
supplies are very bulky. water alone is very heavy. 2 weeks supply? food and water?? oh please. don’t forget your weather gear, depending where you’re and where you’re going.
if i’m on the run, i’m taking enough supplies for 3-5 days to get me to the next location, or set up a base camp, and a few tubes of gold. the gold is small in comparison and doesn’t weigh much in the backpack. but i can trade it in later for the stuff i’ll need.
i’d also have my mag/flint keychain, 2 small flashlights, 2 knives, a rifle/handgun and about 100 rounds. a towel and a personal kit would be nice to have. hand crank radio would be sweet. rain gear.
and of course, some tp (2 roles)... freakin leaves? you can have it.
:)
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