Posted on 10/15/2012 2:08:13 AM PDT by bruinbirdman
Currently, an ounce of gold will buy more ammo than you can carry by a factor of 6-10 (depending on your strength, fitness, and other necessary loading).
Specifically, Ammoman.com will sell you 1,000 rnds of .308/7.62X51 sealed in 200rnd battle packs for $589. You can currently trade an ounce of gold for about 3,000 rnds of this ammo.
If you'd like, you could assume that gold will lose 90% of it's current value relative to ammo, and you'd still be way better off toting that 1 ounce coin hidden between the cheeks of your butt than the extra 300 rounds of ammo.
Rogers is a sharp financier, but if you stop to think about how he operates, it is mostly common sense.
Exactly right. :^) Not only that, but when the financial disaster strikes, enclaves should have the ability to get through by starting mini-economies. It's going to take currency to restart, gold is the best way to store value as you say, and then trade with other enclaves.
Rogers is a sharp financier, but if you stop to think about how he operates, it is mostly common sense.>>>>>>>>>>>>>>>>>>>>>>>>>
Agreed, there is so little common sense these days, its hard for many to recognize it.
I have my investments all in real estate holdiongs these days as of last March. I do a lot of gardening instead of trading, but in a few years it will be time to jump back in.
But like Rogers, I thinkl it will get very bad. This will be the end of the liberal socialist state.There just won’t be enough money to finance it, and the parasites will have eaten themselves out of a home.Thereafter the entrepreneur MAY make a comeback, unless we are living in a totalitarian state.
Good move.
I visited a vendor who paints oilfield equipment, trucks, etc. His normally full yard was empty.
He remarked, “Everybody is going to wait until after the election to decide if they will invest again.”
That’s a cute little quote you put up there - but it stands. Here’s one you might like -
Study strategy over the years and achieve the spirit of the warrior. Today is victory over yourself of yesterday; tomorrow is your victory over lesser men. (Miyamoto Musashi)
That’s how I view most people in the world - from experience - multiple tours - and the idiot in office that won by a margin - when the collapse comes (if it comes at all) - I might be overwhelmed and defeated as you suggest - but it will cost those coming at me their lives in a great a number.
Free Republic has all kinds - it’s open opportunity here!
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