Read this for some suggestions as to what others did, but beware that animosity towards those that were able to capitalize on the situation ultimately led to a growing hatred of them that resulted in 6 million being exterminated during WWII........
What to do instead is a story for another DailyWealth...I'm sorry but I'm getting a little sick of this sh*t.
All these articles basically on the theme of Duck in Word World running around in circles screaming "What are we gonna do? What are we gonna do?", and no freaking solutions.
Ok. I get it. Obama is flooding the sh*t out of our currency and bigtime inflation is coming.
I'm already storing food, water, ammunition, batteries and other necessities.
But is that all I can do? Aren't there some INVESTMENTS I can be making???
I want some practical advice or I'm going to stop reading these garbage chicken-little screeds.
iShares Silver was up 2% today
Sam, you're late.
Silver closed today at $38.69...I bought silver at $9.50 - $11.50 oz.
I bought Krugerrands at $382.00 - $402.00 each. Gold closed today at $1435.00 an oz.
I have a couple thousand dollars in nickels.
Please don't call me a Chicken Little. If you don't like these articles...don't click on them.
Read this for some suggestions as to what others did, but beware that animosity towards those that were able to capitalize on the situation ultimately led to a growing hatred of them that resulted in 6 million being exterminated during WWII........
As a general rule, invest in companies or people that MAKE STUFF. Not paper, not “services.”
Tangible, you-can-hold-it-in-your-hand stuff. Stuff made out of metal, wood, fibers, etc.
Here’s an example: We know that the third world wants a second meal in a day. Well, the only way to get there is to grow more food. So buy companies that service the ag sector when the price is right. Read up on Deere’s recent projections of sales, for example.
We know that there’s going to be a relative shortage of oil. OK, you could buy into major oil refiners, but they get hammered as the cost of crude keeps going up. So who is really reaping the profits now? Drillers and service companies. Again, making tangible stuff - black gold.
And then there’s raw materials. You don’t have to be a gold bug to like raw materials. There’s plenty of raw materials going up in price if you want to play commodity angles.
Buy securities in companies that make tangible stuff. Tangible stuff is back in fashion. Ask any farmer.
Invest time with your neighbors. Know who is of a like mind with you. Who has some stocks of food, weapons and ammunition. Who will stand with you if the Zombies pour out of public housing when “on time delivery” fails and they start to get hungry.
I've got it easy. Every other person on the street is either active duty or retired military. For all the stickers on cars we could hold our own darn NRA convention.
interestingly Mountain Home and other MRE manufacturers of “preparedness” supplies are totally stocked out right now. you cant even buy mountain home freeze dried and other stuff the demand is so high.
same with ammo, which continues in short supply and back order.
what does that tell you?
“Aren’t there some INVESTMENTS I can be making???”
There are plenty. Oil pipeline limited partnerships can be bought and sold like stocks, to name one idea.
I know a real estate expert who is buying Arizona homes and renting them out for a 12% return.
There are lots of ways to make money out there. Most fortunes are made during bad times.
The time to get worried is when things have been booming for a while.
I am thinking of trading 10k US dollar for what ever it will buy in Australian dollar and the same in Canadian dollar. Preservation of capital, I do not trust gold at this point in time
Metals, mines and the Canadian oilpatch. As long as the Chinese keep manufacturing, there will be a huge demand for natural resources.
I have about 1/3 of my stock investments in funds that track overseas indexes.
Sure, silver is one of them. Here's a one year performance chart.