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10 Comments

  1. Long term food storage or a way to grow it…a place to hide it…ways to protect it…a trade and tools to help yourself and your neighbors…items for barter…

  2. The growing percentage of the total stock market in index funds (ETF’s and traditional mutual funds, along with high frequency (algorithmic) trading suggests that the next major market downturn will happen far more quickly than those in 2000 and 2008. Those two took more than a year to hit bottom — it’s impossible to predict the time frame for the next one, but half that time could easily happen. Plan accordingly!

  3. Before someone asks me why index investing makes the market more volatile in a downturn: when someone who owns an SP500 index fund decides to sell, they are selling a broad cross-section of the market, not just one or a few individual stocks. Most indexes are weighted towards larger companies, so if those companies struggle, index investors will have to sell the entire market to get rid of them. This is a fundamental change in the overall market.

  4. I have finally started buying gold and silver, not much so far, but still, it sure is satisfying to see it in the safe. And it is thanks to mr Rawles and this blog.

    Also, when is the sequel to land of promise due?

  5. When buying precious metals, I suggest sticking to American Eagles, both gold and silver. I also suggest finding a dealer you like and buying solely from them, letting them know you are doing so. My reasoning is: Eagles may be easier to sell in a crisis, are less likely to be counterfeited, and may get different treatment from government when sold. Buying from one place makes it more likely that you’ll have someone to buy them from you when it’s time to sell.

  7. Living in Sweden i dont really see hos buying eagles would be helpful to me, but good point in the States. Since we dont have a good dealer in town i buy at whichever branch of Tavex is the closest when i visit Stockholm,

  8. You’re right — my advice was US-centric — apologies. But the principle remains — carefully consider what will be easier to sell and most free of government regulation as you accumulate. Also consider what you’re planning for — a total collapse, grid down, etc. or “just” a more or less temporary financial crisis. If the latter, it will pay to be able to sell quickly and confidentially in the depth of the crisis. You would then purchase real estate, land, businesses, stocks, etc. as a wealth-building strategy.

  9. So far nu PMs are for a really rainy day, when i have more i will be willing go sell off done surplus in a slow ecobomy go build capital when it speeds jo again.

    1. The real question is when to sell. The classic answer is when there’s blood in the streets. This time around that will be literally true. Wait for large bloody riots in most major cities, possibly accompanied with martial law and armies being called out to help, and then sell. Then buy quickly, because the contrarian opportunity may not last long.

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