Banks... Cash... Gold... What to save? (vanity)

December 30, 2009 | Sopater

[Sopater]

Don't trust the banks...

Don't trust the economy and the value of the US Dollar...

Don't trust the gold market...

What the hell should I save or bury in my yard in order to protect my investments?

Sheesh.

[Sopater]

Anybody have any great ideas for simply "saving" money? I don't need to get rich, but I'd certainly like to make sure that I can best protect my savings.

[hoosiermama]

bfl

[Red in Blue PA]

Guns & Ammo!

[jwalsh07]

& seeds.

[bolobaby]

Guns, ammo, and 20 year shelf life food.

Did you know that during periods of hyperinflation, food accounts for ~90% of the household budget?

[Sopater]

Check & Check.

Thanks!

[Sopater]

I don’t know what “bfl” is.

[Sopater]

Survival Seed Bank Comparisons

I'm not too sure I'm ready to invest in seeds just yet. Seems awfully "Y2K".

[WhistlingPastTheGraveyard]

Coffee and tobacco.

And of course, ammo.

[reluctantwarrior]

Commodities in physical form, wheat corn oil and copper. Silver is in demand for industry and jewelery

[Rippin]

Good question. My shortlist includes farmland, basic skills (like motor repair), used tools including guns ammo, high yield stocks of companies in bed with gov’t and strong overseas earnings, and eliminating all variable rate debt (which is hard to pull trigger on when HELOC rates are 3%.

[manonCANAL]

store up all the canned goods you can. they can be used later to barter. ammo and guns also great investment in these times.

[2001convSVT]

And land that you can plant food on would also help. Buy some land!

[DManA]

Step 1 is to understand and come to terms with the fact that our rulers are deliberately pursuing policies to make you poorer.

Study those policies with an eye to avoiding this. Your only advantage is they are totally predictable.

[TNPatriot]

5.56, 7.62x39, .308, .45ACP, 12GA, .22 and 9mm.

[hoosiermama]

bump for later...just wanted to see what the answers were.

[jroneil]

Modern-Survival-Manual-Surviving-Economic
This book was written by a guy from Argentina
One of the things that stick out was do not isolate yourself in the country and have a horde of food. Because that is where the bans of marauders will go looking for food from people like you better to keep a low profile and do not let people know you have food.

Also if you are going to grow food are you prepared to guard it 24X7 It will still be cheaper to buy and than grow in a total economic collapse everything will not go away.

Pay off your debt and be prepare to go to anywhere there are jobs. You stay in your state you will limit yourself with gaining employment.

[dog breath]

Diversity in investments is like shooting with a shotgun, something will hit eventually. Try to figure out what people will want and need. In a down economy, for example, people want to go for budget and bargain items for they don't have the money.

[Errant]

Food and/or food production, water supply (i.e. filter, well, etc), weapons, medical supplies, clothing, shelter, tools, gold and silver, alternative power (i.e. PV system as there are credits from IRS and many states) and finally hide some cash where you can readily access it.

If you still have money left then maybe income producing properties or equipment or convert it to assets in another country such as Canada, Australia, Norway and etc.