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6 Comments

  1. Nomi Prins – In the Coming Crash We’ll be Falling from Higher Height
    (YouTube Video)
    Greg Hunter
    Published on May 5, 2018
    https://www.youtube.com/watch?v=pZvCZQtFLlU
    Duration 28:49

    How does the common man protect himself? Prins says, “They have to own things, and by that I mean real assets, hard assets like silver and gold. That’s not as liquid, so taking cash out of banks and sort of keeping it in real things and keeping it on site . . . keeping cash physically. You need to extract it from the system because the reality is when a financial crisis happens, banks close their doors to depositors. . . . Also, basically try to decrease your debt.”

  2. I have no idea why anyone would buy silver. If you bought it 7 years ago you would have suffered a loss of 2/3 of your money. It’s the same price it was 37 years ago.

    1. Well, in all fairness, I did buy several hundred ounces at $32 per ounce, and then bought some more at $17 per ounce lowering my average cost per ounce, but I haven’t “lost” anything until I sell it. I didn’t really buy it to make money on it because I will probably never sell it. It’s my SHTF plan for some wealth retention.

  3. Sometime around 2006, a coworker, who invested heavily in metals, crowed that his gold stocks had doubled in value in the previous year. I pointed out that my stocks in lead had risen 400% in the same year. When the company I worked for, E-Systems, was bought out by Raytheon, I was handed a lump sum of cash for my ESOP. I invested in 12,000 rounds of 7.62 NATO, at $150/thousand. The rest I wasted in two IRAs. The brokers managing the IRAs ran off with millions in investor’s money, and I lost it all. But the 7.62 is now selling for what….$700 per thousand? I got a check, eventually, for sixty four cents out of the monies recovered by the government.

    Of course, my friend is doing quite well with his metals, too.

    I am now more interested in a return OF my money, not ON my money.

    Paul

  4. Invested in some wine(cases of recognized label bottles at steep discount),plan to use for barter. Have several gallon jugs of cooking wine and as it is used I plan to use the jugs to learn to brew beer,cider and vinegar. Don’t forget vinegar it has so many uses(cooking,preserving,cleaning etc) and top quality vinegar can rival good wine in price($30-$50 gal or more) and is time intensive (months to years to make good product) but can be made from marginal stock(failed wine experiments)

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