Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


1 posted on 08/21/2009 12:19:02 PM PDT by h20skier66
[ Post Reply | Private Reply | View Replies ]


To: h20skier66

Hold firearms and canned goods at this point.

Far, far more stable than currency, precious metals, or gems at this point.


2 posted on 08/21/2009 12:29:01 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: h20skier66
Farm land, tools, seed, equipment. Anything productive is a good bet right now.

Brass and lead ... not a viable currency ... ever. (But still very good to have)
Gold, silver, and commodities. If equities and treasuries crash with all the leveraging going on. These will have a MASS SELL OFF and the prices will drop as hedged and leveraged firms attempt to raise capital to meet things like margin calls. If the currency completely collapses aka Weimar, or Zimbabwe, silver gets very valuable as a working medium of exchange along with the fact that most money is electronic. Deflation will be rampant as the supply of money will be extremely small in pre-collapse comparison.
Does it build or produce something and can you physically own it? That's a good buy. Firearms + ammo are good buys. Food, almost always fungible or tradable for someone's labor. 300 bucks of food can go a LONG way as wages for labor in a post collapse economy.

Those are my thoughts anyway.

4 posted on 08/21/2009 1:55:10 PM PDT by Centurion2000 (The way to destroy a countercultural movement is to have white people start liking it.)
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson