T.E.M. suggested: 10 ways to save money: How the old-fashioned barter system is making a comeback
“Benny Flag” liked this piece by Dr. Gary North: Sovereign Debt, Sovereign Bank Runs
Reader Grace H. wrote to mention: “In 1999 in preparation for Y2K, I purchased a number of DAK brand canned hams for $1.00 a piece. These 16 oz. cans were readily available everywhere. The other day my dimpled darling suggested that we needed some of those “little canned hams” in our prepping supplies. I obediently went on the search thinking that it would be easy. Nope! Few stores around me still carry them. So, I tried Amazon – they are out of stock. Dollar Store only had 5 oz. (!) cans as did everyone else who was charging more than a dollar. Finally, found that only one Wal-Mart in my area sells them for $3.58 per can. I have seen them other places for as high as $6.00 per can. Now, that’s inflation!”
My old friend Conor forwarded this fascinating piece: Gold May Top $6,000, Silver $600: Asset Manager. I concur that the silver to gold ratio is likely revert to around 15-to-1. But I won’t stick my neck out and try to “call the top” for silver and gold! Given the concerted market manipulation on the COMEX and the shifting sands of monetary policy, that would be impossible to predict. But it is safe to say that the metals will be a lot higher in terms of fiat paper currencies in a couple of years. I also stand by my prediction that base metals, including nickel will gain substantially. It is also quite clear that the composition of American pocket change will soon be “overhauled”. (Read: More debasement!) Stock up on nickels before that change takes place, while you still buy almost unlimited quantities at face value!
Items from The Economatrix: