Month: March 2008

Odds ‘n Sods:

Mainstream market commentator Robert Kioysaki recommends buying silver coins in this piece: The Profit of Doom A SurvivalBlog reader mentioned that Kiyosaki was one of the few mainstream market mavens to recognize silver as a bargain fairly early on. Meanwhile, a lot of his colleagues with stock and bond tunnel vision are still in denial.    o o o Lex found this from The Wall Street Journal: Will Thornburg Join Failed Lenders?    o o o Thanks to Sapa for flagging this: Zimbabwe bans ‘unlawful hoarding’. The illegal “hoarding” threshold is absurd–the equivalent of just $21 USD!    o o …


Jim’s Quote of the Day:

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation . There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare …


Note from JWR:

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The Fleecing of the Sheeple–America Discovers “What That Thing Will Bring”

There is a very old legal maxim: “The value of a thing, is what that thing will bring.” It was developed by the courts to establish the value of a loss, in civil claims. The maxim has been perhaps over-used in central Europe, where if you recklessly drive your car and run down a farmer’s laying hen, you can be held liable for for not only the replacement cost of the chicken, but also the value of its future offspring for the next year–or perhaps even two years if the judge is in a bad mood. That ancient maxim is …


Letter Re: Calculating The Bullion Value of US Silver Coins

Mr. Rawles: My parents and grandparents gave about $60 face value in junk silver coins, including a few Morgan and “Peace:” dollars. The quarters and dimes are all 1964 and earlier, but some are the 50 cent pieces were made in the late 1960s. (Those are 40% [silver content], right?) With silver now rocketing up past $20 an ounce, how do I determine the current market value of these coins? Thanks, – G.E.T. JWR Replies: To calculate the silver metal value of 90% silver pre-1965 mint date US dimes, quarters, and half dollars: A $1,000 face value bag contains approximately …


Letter Re: Self-Sufficiency–How Do We Do It All?

Dear Memsahib and Jim, I am a daily SurvivalBlog reader and contributor, along with my husband. I am very interested in learning more how Memsahib and other retreat women manage to do all that they do. How does a day or week in your life go? How do you can, bake, cook, shear, spin, weave, knit, sew, teach, et cetera and get it all done? We are moving to our retreat soon. I have baked, cooked, knit, learned to spin and weave, and have canned in the past, but not all at once. I forgot to mention clean, wash, take …


Odds ‘n Sods:

My old friend Jeff moved to England to get his final sheep skin–a doctorate degree. He tells me that the price of gasoline (“petrol”) now averages £1.09 GBP per liter in the Thames Valley, and that he has seen it advertised for as much as £1.50 GBP/liter out on the highways. At current exchange rates, £1.50 GBP equals $2.97 USD. Now, multiplying liters to US gallons (x 3.785) that equates to a heart-stopping $11.24 USD per gallon. Ouch! (For comparison, I most recently paid $2.98 per gallon, locally, but I’ve seen it as high as $3.05) OBTW, Jeff mentioned that …


Jim’s Quote of the Day:

“There is not any one news item that I can point to. We know that there is paper out there that we can’t trust. We don’t know exactly who owns it and how much. And we don’t know how they are valuing it.” – Douglas Peta, Chief Investment Strategist at J. W. Seligman & Company in New York, as quoted in the New York Times, March 1, 2008


Notes from JWR:

If you value what you read in SurvivalBlog, then please become a 10 Cent Challenge subscriber. I am confident that SurvivalBlog has kept you from making some costly mistakes in your preparations. I am also confident that SurvivalBlog has pointed you toward some investments that have been profitable for you. (When I started the blog in September of 2005, silver was $6.90 per ounce, gold was $445 per ounce, wheat was $3.30 per bushel, and military surplus .308 ball ammo was just $220 per thousand cartridges!) Less than 2% of readers subscribe, so you can count yourself amongst those few …


Unconventional Bug-Out Transportation Methods, by A. Taylor

I read with interest the inquiry about, what I term a “Bug out Boat”. I made this recommendation several years ago, in numerous survival forums. Most readers seemed unable to process the potential for this kind of plan or it seemed to be impractical to them compared to hunkering down or egress by vehicle. I would advocate that the more eclectic methods of egress from chaos may hold greater potential for success than some mainstream ones. Traditional modes of travel in the modern age are easily controlled by the powers that be, accidents, infrastructure break down, computer problems, electricity (can …


Four Letters Re: Sizing a Retreat AC Power Generator

Mr. Rawles: I saw that you recently posted my question to the blog, so I thought I’d update you. I ran the tests again and got what I believe to be a more accurate assessments. My second test showed the refrigerator consuming right at 2.7 KWH (2,700 watts) over a 24 hour period for an average of 112.5 watts-per-hour. Now mind you, that includes all the hours we were asleep and so no one was opening the door, using up ice, etc.. During hours of heavy usage it was using about 150 watts-per-hour. Test #2 for the chest freezer yielded …


Odds ‘n Sods:

Cleveland:ghost town created by America’s loan scandal. Here is a snippet from the article with some downright post-apocalyptic imagery: “…street after empty street of boarded-up houses, their roofs caving in, collapsed balconies hanging from the fronts of buildings. Some people seem to have just upped and left, leaving their belongings behind for the rats and vandals. Owners have put up signs offering their burnt-out homes for a $500 (£250) down payment. Bins and rubbish litter the street. Signs warn trespassers the structures are unsafe. People have spray-painted “No copper” or “No metal” on their doors to deter crooks who have …


Jim’s Quote of the Day:

“Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports. In vain would that man claim the tribute of patriotism who should labor to subvert these great pillars of human happiness, these firmest prop of the duties of men and citizens. The mere politician, equally with the pious man, ought to respect and to cherish them. A volume could not trace all their connections with private and public felicity. Let it simply be asked: Where is the security for property, for reputation, for life, if the sense of religious obligation desert the oaths …



Arm Thyself, by William Buppert

President Bush has embarked on the final phase of Pax Americana and is ushering in an advanced imperial stage that will endanger every living American. The coming election will assure us that every American will have his Second Amendment rights infringed or predated upon in some fashion no matter which party succeeds (is there a difference except the spelling?). Perennial readers of this site are better versed than most in the predatory nature of the state and its ability to target and vilify those it wishes to eliminate eventually whether through political neutralization such as Trent Lott or lethal means …