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…JWR’s Comment: I still recommend limiting your cryptocurrency holdings to just a very small part of your portfolio. In an age of uncertainty, tangibles rule. And keep in mind that once sovereign (national) e-currencies are established, nation after nation will ban or attempt to heavily tax private cryptocurrencies. That imperative matches the essential Mafia-like nature of all governments: They hate competition. Tangibles Investing: A friend in Phoenix, Arizona wrote to mention that most of the local gun shops and outfitter shops (such as Cabela’s and Sportsman’s Warehouse) are almost completely sold out of ammunition and reloading components. Meanwhile, their supplies of guns and full-capacity magazines are also heavily depleted. And notably, the staff behind the counter of two major chain stores mentioned to him that they were ordered to remove from display all of their inventory of semi-auto rifles and shotguns at least until after the presidential election, next Tuesday….

…sales. The demand has far surpassed the woeful “Ammo Drought” of the Obama era. That shortage had mainly been .22 Long Rifle ammo. But the new ammo drought includes about 90% of rifle and pistol loadings. (The supply of shotgun birdshot shelsl seems to be the only exception.) Most gun stores in the country have been out of stock for many standard calibers since March. The hardest-hit calibers seem to be 9mm Parabellum and 5.56mm NATO. But there are now chronic shortages across the board. Some of the ammunition price increases have strained credulity. For example, Russian-made Wolf brad steel-cased 9mm ball ammunition had been selling for 15 to 20 cents per round, a year ago. But now, gun shops are charging $1 per round ($50 per box of 50), and yet people are still buying it up, in quantity. Here is another key example: Standard Winchester white box or…

…receive payment, we will get your order shipped. We will accept cryptocurrency as payment for any order in excess of $50.” Tangibles Investing: Anyone who is not living out in the hinterboonies as a Luddite hermit already knows that there is a chronic gun and ammunition shortage in the US. Prices are galloping. (The very recent photo alongside this paragraph illustrates that.) There are very few gun shows still in operation, and the few that do open their doors are mobbed with eager buyers that arrive to find inflated prices. Gun shops quickly sell out of ammunition each time a new batch arrives. Not surprisingly, there are also shortages of magazines, reloading equipment, night vision gear, and body armor. Some examples: Stripped AR-15 lower receivers used to sell for as little as $30. Now they are $119 and up. Standard 9mm ball ammunition used to sell for around 22 cents…

…a gun to trade, you can swap it at a favorable rate, for silver, with such a dealer. Or the dealer might be looking to cash out his silver. Employ the classic: “And what’s my price if I buy it all?” gambit. 3.) Bank teller drawers. Ask at your local bank teller if they have any rolls of half dollars. You can find a surprising number of 40% silver half dollars available at face value. (50 cents per coin.) Coin Roll Hunting is time consuming, but usually worth the effort. I once had a kind teller sell me a U.S. Silver Eagle for $1. (Even though they are .999 silver they are still legal tender and marked “One Dollar.” So once in a while someone will deposit one without realizing their full value.) I don’t expect that to ever happen again! 4.) Pawn shops. Bring cash, and go chat up…

…here we have pawn shops that will buy them for less than scrap value. But like searching half dollars for the 40% and 90% silver older coins that has been done by decades of seekers before you. Thus the caveat of the 100th piece of non-plated silverware. A far better rate of return would be putting on a Mc Donald’s shirt and going to work for the hours spent searching for the elusive .925 silver. At least you’ll get minimum wage+ and a free meal. Or maybe improving your chicken yard to prevent losses to predators, 2-4 legged, winged and so on. What is the value of a productive chicken house (And growing your own feed) when the grocery store is bare? During Weimar Germany Hyperinflation “Rich” people traded family heirlooms for smuggled in sacks of potatoes. Something to think about. Food had to be SMUGGLED into the Cities to…