Mr. Rawles:
I’ve seen you mention precious metals, and silver in particular, pretty often in your blog. I’m new at this. What is your guidance on a safe (conservative) way to invest? What percentage in precious metals? Thanks, – TZK in Central Kentucky
JWR Replies: I recommend that SurvivalBlog readers should put at least 25% of their portfolios into gold, silver, and barter goods, and roughly 50% into productive farm ground–a retreat to occupy year-round–in a lightly populated region that is well-removed major metropolitan areas. The exact ratio of investments will vary, depending on your age, indebtedness, risk aversion, and other circumstances. Parenthetically, I have stated before that I believe that the fractional reserve banking system should be abolished, and that the U.S. should return to the gold standard. I consider any investment denominated in un-backed paper dollars risky, at least in the long term, since the US dollar, as a currency unit is doomed. It faces the same fate as all other un-backed currencies throughout history. In the long run, they will all inevitably revert to their actual value, which if measured either by weight or per square inch is comparable to toilet paper.