Posted on 05/05/2021 6:31:53 AM PDT by ProgressingAmerica
Silver too
So much is reminiscent of the ‘70s, I’m hoping soon we’ll see reminiscence of the ‘80s.
It’s the only hope to avert civil war - or gulags.
Ping
Jimmy Carter is back to “help” America.
The late 70’s was a time to forget
If you are too poor to be buying precious metals, a good place to start would be to go back to the pre-globalism practice of preserving the summer bounty of food for the winter months. The global supply chains are the problem and doing this will keep food on the table inexpensively rather than paying inflated prices, which is insane because we live in a food exporting country.
Durable
Goods
Replace your aging ones now.
I need a good list of those durable goods to replace
It shouldn’t be so easy to buy gold, if gold’s price will surely rise . . . somebody HAD to sell the gold to Zell. That means the person/company who owned the gold Zell bought, valued the cash more than the certain-to-rise gold. Otherwise, they would have held the gold for the windfall profit.
I reminisce the 2017-2019 period.
Not good enough.
Someone who keeps it going.
Durable goods are currently made in China. Another idea might be to replace durable goods when domestic durable goods or ones made by allies are found at your local Home Depot.
Palladium has been a winner for me.
“… valued the cash more than the certain-to-rise gold…”
My PM dealer is charging market price for silver but has raised his commission from about a buck an oz to $5.
IMO, those people make their living off the commissions rather than speculating. If you check some of those Precious Metal sellers' sites, they will have wording like "These items are on a slight delay with an expected ship date of xxxx. Your entire order will ship upon their arrival."
That indicates to me that they sell stuff they don't have and buy futures to protect themselves.
There are some good physical gold-backed ETFs available. I personally hold IAU and it’s done well for me since buying at ~$16/sh (now > $17/sh).
Lot better option than physical gold, IMHO, that often has big markups and commissions.
Of course, in a true TSHTF scenario, selling physical gold will be a heck of a lot easier than gold-backed ETFs..but in reality (not just doomer porn), I really don’t expect things to get “that” bad..so, for now..gold backed ETFs seem like a good option for inflation protection, IMHO.
Spot on. Grow your own should be slogan that all people should adhere to.
We will probably store 500 lbs of potatoes, 80 quarts of green beans, 300 ears of corn, 40 quarts of pickles and maybe 200 lbs of tomatoes. Counting we raise our own beef, catch our catfish and make our own deer and wild hog sausage, we are pretty much self sustaining.
It is hard work to grow and preserve this amount but damn well worth the effort.
That is an enviable accomplishment FRiend :)
How do you store that many ears of corn and have it still be decent when you go to finally consume it?
We’ve tried freezing, but at least for us that didn’t work so great..mushy when unfrozen and prepared to eat..
Green beans are easy to can..ditto pickles and tomatoes. But corn? And how the heck do you keep 500 lbs of potatoes fresh? I can go 5 lbs for a bit before they all starting growing shoots if you keep them too long.
As bad a President as Carter was, it was only somewhat his fault, as the idiot Nixon took us off the Gold Standard, and promoted loose money.
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