E-Mail 'Economics & Investing For Preppers' To A Friend

10 Comments

1. Re. Kitco’s asset allocation.
   They missed two precious metals. Lead and brass should be in everyone’s portfolio.

2. Regarding all forms of cryptocurrency: I am of the opinion that buying into such creations is a dangerous and unnecessary risk. In the world that we live in today, with the threats that exist to both our infrastructure and electronic world I could not possibly recommend such in good conscience, to anyone. As with any investment, if you do not have access to it and control over it then you do not really have it. It is to me, not an investment with a rather a speculation and today that seems to be a dangerous platform upon which to stand.

   But then again, do whatever you want. Personally I choose not to swim with sharks but maybe that’s your thing.

   1. This is best advice that is simply put that I’ve heard in a long while.The jaws of the trap called Normalcy Bias are injuring many of our brethren.
      Friends you must believe BGF when he says that if you don’t hold it you don’t own it.

      1. High five, NormlChuck. Our neighbors have been sold a pile of spit when they think gold on paper is really worth anything.

         Carry on

3. Invest in precious metals, Gold,Silver,Brass,Lead and Copper … in as many calibers as you can achieve.

4. So I’m on the right track then, having a room full (OK, almost full) of Copper, Lead, Brass, and containers full of this powdery stuff, black/grey in color, containing a certain percentages of stuff called glycerin.

5. You CAN afford silver. Buy an ounce (~$18)- every pay period. Buy as much as you can spare the money for. Buy FOOD. Store some water. You can save yourself and your family. A few years ago, I lost my job when the factory I worked for suddenly moved to China. I went to the food bank once, but realized that this was not sustainable. I sold my lawn mower and whatever else I could. I did not go back to the food bank again. When I got back on my feet, and it took a while, I started buying a few extra cans of food every time I went to the grocery store. I bought a 25 pound bag of rice. Now I have enough canned food and rice (800 lbs.)- a 25# of rice is $10 to $15 ! – to get us by for a long time. I am not rich. In fact, my annual income is still very low compared to most people. But “I will never be hungry again !”…to quote Scarlet O’Hara. You can do it too.

   1. Rice,white,long grain-$10-$15? You need to shop better #20 regularly on sale $7-$8.

6. Debt…Like most of you, I have little trust in the Fed, but when it says this: “And the Fed warns about, laments, and bemoans the speed of this debt pileup, with business debts jumping by 5.1% over the past 12 months, much faster than the economy grew.” That’s when I start paying attention.

   We are in for a rough ride, buckeroos.

   Carry on

7. I have been a stanch believer in precious metals since the 70s and yes I think we should all hold some BUT if you cannot feed yourself and your family then the precious metals will be to no avail.

   You live without water for 3 days, you can live without food for a month or so. You must have a way to sustain yourselves over the long haul. Precious metals will be valuable in post SHTF. Until then you have to survive.

   I look at food storage kind of like a handgun, it will get you to your long gun (self sufficiency).

Comments are closed.