Letter Re: 11th Hour Preparations: It is Not Too Late to Start
Jim: It is not too late to prepare for the hard times that are coming. But time is short, so I am going to be brutally blunt. Prices are going up. If you don’t already expect double digit inflation, you haven’t been paying attention. If you are just realizing that you need to prepare for the future, forget buying barter goods. Forget precious metals to swap for what others may be willing to sell. The idea of buying things so that you can swap them for other goods or services later is bad policy. That’s right. I’m advocating that you …