Precious Metals As Currency, My Thoughts
I have a somewhat skewed view of precious metals. I believe that in a post SHTF situation people will not just turn to precious metals as currency. The average person will raid their change jar and use whatever cash they have on hand to pay for goods until they run out of that fiat currency. […]
Hedging Economic Bets, Why I Buy Junk Silver and Silver Rounds
As I can afford to do it, I have been buying silver. Mostly silver rounds. I have a small stash of silver rounds primarily in hopes of hedging my bets against economic downturn or to hopefully capitalize on rising prices at some juncture, assuming they go above the current spot rate. I also have to preface this […]
Euro Fails, Europe Fails
I read this news story and don’t know what to think. Here is the money quote. “Nobody should take for granted another 50 years of peace and prosperity in Europe. They are not for granted. That’s why I say: If the euro fails, Europe fails,” Merkel said, followed by a long applause from all political […]
Gold: A Misunderstood Metal
With the remarkable rise in the price of gold over the last 2 years (as of writing this) as well as the apparent uncertainties, even declines, in more traditional icons of American economic prowess the yellow metal has once again come to the forefront of interest by both preppers and individual investors. Add to that […]
The Price of Money To Come
I’m not sure if that is a good title, but I am using it anyway… Several months ago, I priced silver, on a per ounce basis. It was $31.00 and change. I thought, Hmmm. I should buy some silver. I disregarded… I few weeks later I looked at the price of silver again. (I don’t […]
Replenishing the Reserve Fund, and Silver
Well, as it turns out, I have been able to save a little bit of cash recently. A few dollars back in savings, paid off a credit card (two to go), and can think about replenishing my reserve cash fund. Recently I wrote about having a reserve fund in my post, Apartment Prepping, the Real […]
Interesting Conversation
I have a friend that is a financial advisor and stock broker in the NYC area. I actually have a few of them, but last evening while we were out to dinner in NYC, he mentioned a couple of his predictions for our economy in the not to distant future. I logged them in my […]
Will Gold and Silver Save Us If the SHTF?
SHTF Plan talks about whether or not Gold and Silver will save us if the Shit Hits the Fan. Interesting blog post to say the least and I found it interesting: http://www.shtfplan.com/precious-metals/gold-and-silver-will-they-protect-you_07072010