Posted on 07/07/2015 11:57:05 AM PDT by Kartographer
Even those who have hoarded cash fear that the value of the euro will plummet, or that a return to the drachma could leave them stranded with the wrong currency.
And so 48-year-old Sophia Marcoulakis is considering converting her cash into something more stable: a designer handbag.
It’s a luxury the mother of two never would have allowed herself before the banks shut down. But now she considers it an investment, a tangible possession that the government cannot take away.
“You have a feeling that money has lost its value,” said Marcoulakis, a corporate lawyer. “It’s just a number.”
(Excerpt) Read more at washingtonpost.com ...
Preppers’ PING!!
Wouldn’t a little gold be better? What does someone want with a Chanel bag no matter how lovely?
How does a designer handbag taste?
I suppose for best results, they must be boiled for easier chewing.
Dude, wifey has been hoarding stuff for years ,, perfume, jewelry, clothes for years..
Handbags.. Walking shoes.. Etc.
Let them shop. There is value in it.. And tranquility.
I’ve heard it said that a can of beans is worth its weight in gold if you’re hungry enough.
I’d buy some beanstalk seeds....
Hoard 5000 gallons of Jack Daniels!
Hope she can eat that handbag. In little pieces.
What an idiot.
If the plan is for them to take money from all your bank and retirement accounts as well as from your safety deposit boxes how long do you think that they would let you keep gold?
Tranquility yes....usefulness??
this captures the problem in Greece....a complete focus on the wrong things.
You are not going to carry your gold around in any old ratty bag.
This is a report from the Washington Post and they would not want to write that the euro, dollar, or any other fiat currency is worthless and owning gold is the thing to do.
The Japanese have learned the hard lesson about fiat currency. Japan has seen their yen drop from 130 to 80 in the past two years. The smart Japanese investor would have bought gold when the yen was worth 130.
The same is probably going to be true for the US investor. The US Dollar index is now in the high 90’s. It is probably a good time to sell dollars and buy gold.
TOILET PAPER - it does a body good...
I can use a slingshot with some of the gems and pearls.. Pretty good chunkers ;-) them tiny perfume bottles and nail polish can be deadly. too..
I know I know..
Will be no different here, accept they go after electronics big screens and the like and they most like will just steal them rather than even trying to buy them!
Will be no different here, accept they go after electronics big screens and the like and they most like will just steal them rather than even trying to buy them!
Or learn to brew your own! I have several gallons of mead going at the moment. Looking forward to "testing" it. :)
Thanks for the answer. Time to buy gold indeed!
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