Quote:
Originally Posted by Two Bills
Gold?
Price is quite low at moment, and if the prophets of inflation doom are correct, it will rise.
|
We are in a panic and it is feeding on itself. Gold is a traditional storage of value. It our recent recession 2006? Everything tanked, real estate, stocks, bonds, the dollar all tanked except gold.
Right now all commodities are rising. Which came first the chicken or the egg? Is that in reaction to the threat of inflation or the cause of inflation.
I mentioned my friend who bought 140 acres in N. Carolina with fish, game nuts berries that he could live on.
As far as inflation hedges AMMO. What was $10 a year ago is now $50 if you can find it.
As to panic? I think my wife has laid in like 100 rolls of toilet paper. We are no where near to what has been in the past. The depression of the 1930's. People starving to death. Today we say I'm starving what's for lunch
Currency? How many rolls of toilet paper will buy lunch? There is a tradition for that as well. A shot of whisky. You could trade one bullet for a whiskey. The bar keep would resell them.
Hopefully it will never get as bad as it has been in the past.
It can't happen here? In Germany they said exactly the same. I have a PILE of Reichmarks that belonged to my grandparents. Even the German government will not give you anything for them. I'm not selling mine-family heirloom. There are sooooo many of them, you can buy them cheaply on ebay. They are a nice print job on fine paper. Perhaps a good idea to frame one and put it on your wall. They too thought it will never happen here.