Posted on 12/27/2013 5:44:30 AM PST by SeekAndFind
Since November, financial advisor David Marotta has been publishing a series of blog posts on how to manage your money in the event of a financial apocalypseas in a world of hyperinflation, governmental collapse, and anarachic mobs. You know, the standard stuff of a doomsday prepper's fever dreams. While Marotta admits he has some fears about the direction of the country (the man's not an Obamacare fan, to say the least) most of it seems to be fairly tongue-in-cheek material aimed at talking potential clients down from investing in some of the crazy, survivalist scams advertised on conservative talk radio. (Sadly, The Washington Examiner seems to have missed the humor).
And the first scam on his agenda? Plowing all your money into gold, of course. Here's his biblically inflected explanation of why toting around a suitcase of gold come the end timesand at today's prices, a $1 million in gold coins would fit in a suitcasewould be a suboptimal strategy:
If there really is a collapse of the money supply it is difficult to believe that your briefcase of pretty coins will still have any purchasing power near $1 million. In the 1970s, Christian singer Larry Norman made popular the Apocalyptic song lyric, A piece of bread could buy a bag of gold based on Revelation 6:6. In The End, Id rather not have bought as much gold as possible.
(Excerpt) Read more at theatlantic.com ...
Big plastic soda and other clear plastic bottlers are a great backup plan for water purification via sodis
You generally wouldn’t want to trade ammo. Why arm potential looters?
bkmk
I am an open book and never refuse a question from a fellow Freeper.
****
I have a question for you. Why were you so rude to Kartographer? If you disagree with his ideas then read what he posts for clarification....he doesn’t have time to address every little grievance.
He is too busy trying to get the rest of us up to speed ergo he posts links. Use them.
Have you considered getting your neighbors together and fighting off the roving bands of people who are out stealing?
Having no experience in such matters (except that one college experience that ended badly), I would think that even in a SHTF society, this would be far to dangerous to contemplate doing (dealing with the roughest lawless of customers). But.... remember we are talking survival here, so nothing is off the table if you have kids to feed and have to "bring home the bacon". Yes, I am sure even I (who has been labeled a "drug warrior" a time or two on FR in the past) would think twice if it looked to be an form of income in rough times. But it would have to be a last resort... enough said, we all can picture what it would take to strip us of our pride to do something we would otherwise never do.
Prescription drugs are what I worry about the most to be honest. I need a blood thinner and heartburn meds daily and I don't have a source to manufacture alternatives on my own. I know that I would have to venture out there into that horrible dysfunctional crazy world and trade for it or hope to be in a free for all at the beginning raid of prescription stores when they were robbed. It makes me cringe just thinking about it.
“I have filled one of my freezers with bags of already roasted beans”
Wondering how beans could be ground, pounded, etc., if we’re without electricity for a grinder. Any ideas? Can’t go w/o my coffee!
I think you're running into a role playing game group thing. Valuing gold goes way back before they first started producing coins and will still be valued in the neo-feudal societies that are likely to develop after a collapse of central government.
We bought the Wonder Junior grinding mill when we started prepping many moons ago. It uses burrs and can grind grain, coffee, you name it!
We bought ours from Walton Feed, but Amazon has them too. Warning... they are expensive, but are the best out there IMO...
Kudos to N.W. Arizona Granny (R.I.P.) for the tip that led us to that item!
Thank you for this suggestion. I loved Jericho. I just hope this show does not have me hiding behind my hands too much. I do not like gruesome scenes.
“We bought the Wonder Junior grinding mill when we started prepping many moons ago. It uses burrs and can grind grain, coffee, you name it!”
I bought a Family Grain Mill years ago when I started prepping. It would grind coffee.
I cannot be without coffee. Besides having large cans of it, I have a backup of bottled instant coffee. If that is all I have at some point, at least I have that.
Fluctuations in the *price* of gold might suggest an advance warning indicator of a looming collapse, but better metals to own *after* the collapse would be lead and brass stuffed with gunpowder, and tin cans stuffed with food.
if you’re going to buy liquor, buy the stuff in glass bottles....just think it makes more sense...and if you have access to a base, the liquor there is pretty cheap without any additional state taxes...military rum comes in plastic jugs however...
as far as silver, we’re still feeling the sting of the Hunt brothers and the mad rush to buy silver, any silver, at ridiculous prices....wasn’t Howard Ruff pushing us to do that?.....anyway, the price that we paid has been reached but it sure changes quickly...
I'm slowing getting away from most canned veggies except corn...they all taste like crap with little nutrition...
another thing good for barter, if sadly we find ourselves in that situation, is wax paper, plastic wrap, matches, and aluminum "tin" foil....that stuff last forever....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.