Several readers have e-mailed to ask me for investing recommendations, following the election of Barack H. Obama (BHO) to the American presidency. My basic recommendations are unchanged. The dollar is still doomed as a currency unit. If anything, the Mother of All Bailouts (MOAB), will grow even larger in the BHO era. Mass inflation (following some distinct deflation) is even more likely. So your need to get out of dollar-denominated investments and into tangibles is now more urgent. Specific advice: I now put a stronger emphasis on purchasing any semi-auto firearms or full capacity magazines that are imported. I suspect that based on the precedents set by the last three presidential administrations, BHO will unleash a large stack of executive orders in the first few weeks after his inauguration. And one of those will probably be an import ban on semiautomatic firearms and “high capacity” magazines. Based on the experience of the 1994-2004 Federal ban I predict that a spare Glock magazine may jump to $6+, and FN FS2000 (5.56mm NATO) and PS90 (5.7mm) bullpup carbines could jump to $3,500 or more. Ditto for the SIG 556 rifles. The latter have been imported in fairly small numbers. Hence, they could see a huge jump in price in the event of an import ban. What a great excuse to buy a gun!”Its an investment, honey.” As for magazines, see this SurvivalBlog post from 2007 for my recommendations on buying full capacity firearms magazines. But now, as I’ve noted, you should put a stronger emphasis on buying imported magazines. Buy low, sell high.
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This house with an underground bunker was mentioned once before in SurvivalBlog. Too bad that it has been so heavily publicized. (Thanks to Matt C., “Rightcoast”, and Bobby, who all sent us the same link.)
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Bigbird spotted this article in Der Spiegel: As Crisis Grows, Investors Look to Gold
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From our Economic Editor: U.S. Stocks Post Biggest Post-Election Drop on Economic Concern — South Africa Runs Out of Krugerrands! — Morgan Stanley Calls An End To Bear Market — Global Recession Already Underway — Swiss Financial Guru Sees US Bankruptcy — Customers Pull Billions Out Of Fading UBS, Largest Swiss Bank — US Housing Market Nightmare: Next Phase — Stock Market Unrelenting Bullishness Amidst Deteriorating Economic Conditions