You may have noticed that I only write sparingly about economics and investing [1]. I do follow economic trends closely, but I don’t consider myself an expert. If you want to categorize me, then you could say that I fall into the “Guns and Groceries” school of survivalism rather than the “Krugerrands and Plane Tickets to Offshore Havens” school. My current advice is fairly terse: Concentrate on buying tangibles. (Namely: productive farm land, storage food, practical tools, guns, and common caliber ammunition.) Then after you have your retreat fully squared away with logistics, it is time to consider buying some gold and silver. For the record: I consider gold at anything under $500 an ounce and silver at anything under $8 an ounce as genuine bargains. In the long term the dollar and all other paper currencies will be relegated to their proper use, as kindling. The other reason that I don’t write voluminously about the markets and investing because these topics are already well covered at a variety of great “hard money”-oriented web sites. For commentary and analysis, my favorite of these sites is Gold-Eagle.com [2]. So for me to add my (pre-’64) $0.10 worth would just be redundant.
Part of my daily routine is reading economics newsletters. Parenthetically, you can subscribe to many of these e-mail newsletters free of charge. Some have daily issues while others are e-mailed weekly. These include: The Daily Reckoning [3] and its sister publication The Rude Awakening, Whiskey and Gunpowder [4], The Sovereign Society Offshore A-Letter [5], What We Know Now (from Casey Research) [6], and Dr. Gary’s North’s Reality Check [7]. If you have the time to do some reading, then I highly recommend all of these newsletters! But if your time is limited and you need to pick just one, then make it The Daily Reckoning [3].