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4 Comments

  1. So many ways to invest, gold, silver, cryptos, stocks,bonds,forex,commodities, etc, etc,etc.
    The base economy in any situation is food, period. If you don’t have enough for your family for a year at least why are you investing in anything else? If I’m down to my last few day’s food for my family how excited do you think I’d be to trade some of it for anything we can’t eat !

    1. My parents got married in 1933 at the height of the depression. My grandparents shephered the extended family through the depression on an acre or so of land. My fathers adult sisters and brothers and numerous of my cousins gardened, worked and foraged for things to get them through tough times. Consequently the great depression was commonly discussed around the dinner table as I was growing up. Many things I learned were contrary to what you might expect. One is that there was no shortage of food and necessities, the shortage was of money to buy what was needed. If we have another great depression caused by debt or other mismanagement cash will be king. Food will be a good thing but money can buy food and it can buy all the other things you will need.

  2. There is always naysayers when it comes to collectibles, but I have never met a “knowledgeable” collector who was poor or hungry! A serious collection requires time and discipline – which is exactly what success in any field requires!

    I have a rather large collection, that would bring in the high six figures or more in today’s market. It has cost me exactly nothing except many great hours of doing something I enjoy. I know many collector – dealers who could say the same thing!

    That is the key to real knowledge of any collectible – buying and selling!

  3. Some people expect a mad max or complete economic collapse scenario and the phrase “you can’t eat gold” completely disregards the more realistic outcome – another global depression. If you don’t diversify your savings and investments into several asset classes then you may very well find yourself in a situation where people with gold, silver, cash,cryptos, high value collectibles, land or homes on desirable land and in-demand skills are the ones able to eat. Not all of their assets will hold their value but some will outperform and make up the loss. Those that limit their preparedness to just beans, bullets and bandaids may find themselves very unprepared for living through challenging years ahead.

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