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8 Comments

  1. For those who do not have the money to invest in silver, nickels are better than nothing. Most people can afford a $2 roll. After reading Mr. Rawles article about nickles we started saving all of ours and asking for a roll or two when we visit our bank. We also save all of our pre 1982 pennies. We may not come out the other side of this wealthy, but we might be able to fill in the gaps of our preps while going through it.

  2. For investment, go buy a silver dollar at a time. Another option is to go get an HE Harris collection book for a couple bucks. Cover your activities by your kid or grand kid working on their collection.

    Zinc and copper are only valuable in terms of utility.

    I read somewhere that the petro dollar has to go if the US becomes the dominant petroleum producer. The petro dollar was our offer of a one world currency through the back door. The elitist agenda is being repudiated everywhere.

    Personally not worried about the petro dollar. As long as we have the rule of law here people with money will come for sanctuary.

    1. Kind of depends on who is writing the laws and who is enforcing them. Also if the laws as written and enforced are moral and just. You can have the “rule of law” and still have a totalitarian state. We’re getting there much too fast.

  3. I’ll also interject that the precious metals market seems a lot like a puppet show. Surely it is a store of value but it is not where you go to make gains month in and month out. JWR’s advice to stock up on utility stuff and the practical to build, repair, replace or expand is where your money should be. Clearing out debt and making sure you can pay property tax are the two big goals.

  4. I also save all my nickels. We don’t sink a lot of money into them, but we have a few. I also watch thrift stores for silver silverware. It isn’t a huge investment, but it’s something. This column has highlighted many different investment perspectives, but I think that farming tools are important, along with the knowledge of how to use them. So we often say that most of our money is in iron and steel.

  5. If the petrodollar system breaks down, it will probably happen very quickly — weeks, not months. JWR is right — buy your tangibles now. If you’re buying with small amounts of money, buy pre-1965 US silver coins — “junk” silver. The biggest imponderable here is whether, in the face of the major inflation that would occur after post-petrodollar dollar devaluation, the government seeks to confiscate all gold and silver coins.

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