Posted on 06/28/2015 5:25:10 PM PDT by John W
“Too late for that. Food. Water. And toilet paper.”
I’ve had that kind of stuff for a decade, along with plenty of noise makers and accessories. The issue is what to do with financial assets. My financial adviser, a conservative guy with a degree from Warton (and who has very harsh things to say about Obozo) hasn’t been much help and is not a gold fan.
Depending on your age he is probably a buy and hold guy.
Not a horrible way to go, except if the contagion catches ( and we won’t know for a while) the liquidity dries up. Best to have some cash in the house. Not enough to get killed over, but enough to get by for a week or so.
“Depending on your age he is probably a buy and hold guy.”
That’s him. Not a huge amount of market exposure, plenty of downside protection. None of that does much good in a hyper-inflation environment. I may buy some gold if it drops below $1000, just for grins.
I experienced the fun of a few corporate takeovers in the 80s and 90s, where the companies I worked for were bought and then broken up and the unwanted parts sold off by the new ownership. Three times one year. Crazy days.
The last Bush years, and especially so now with the obama years, have had that same feeling but on a national scale and what you've posted gives me some reasons why.
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