Wallstreet Insiders Stock up on Gold, Guns, etc.

[Guest Mugster]

Haha. What about the old ranger method? One roll of TP should last a year if not longer. You get one square off the roll, and make a hole in the middle. You stick your finger through the hole and, well, wipe. Then you use the paper to clean off your finger. You save the tiny bit from the hole in the middle...use that to clean under your fingernail.

[Guest tedbo]

Haha. What about the old ranger method? One roll of TP should last a year if not longer. You get one square off the roll, and make a hole in the middle. You stick your finger through the hole and, well, wipe. Then you use the paper to clean off your finger. You save the tiny bit from the hole in the middle...use that to clean under your fingernail.

All fine and good until you get a case of "Montezuma's Revenge!":eek:

[Guest Astra900]

Lead, as in lead ingots. Or even buckets of wheel weights. I have a problem too w/ live ammo. After the SHTF I probably won't accept live ammo without serious scrutiny.

As far as the gold/silver thing??? You can't eat it. You can't cast it into bullets. Other than it's rarity and novelty, it serves no purpose to common folk like me. Maybe a dentist would want it and use it in turn to trade a crown for a meal:shrug:

Plain and simple, if you wanna take it, take it, but if truly having to live off the land, I'd rather have a bucket of heirloom seeds than a bucket of gold.

:tinfoil:When TSHTF:tinfoil: the barter system will rule, and trinkets and play pretties will not replace a bag of meal, a set of tools or the offer of a man's back (manual labor).

[Guest jackdog]

What worries me is, what the government is not telling us. If wall street insiders are doing this, then I have to figure that the federal government is only telling us a portion of the truth (like that is a big surprise). Look at all the money that has been thrown away on the wall street boys, and as of yet no one can show that it has helped one little bit. The idea that you can solve our economic problems by the in flux of more cash is insane. All our money is fiat ( nothing backs it up). At best this tack will keep us rolling for a short time only. eventually our creditors ( china for one) will either not work with us or will demand payment. When that happens you may need gold or 1964 and earlier coins to purchase everything. Plus the inflation rate will explode to the point that you can't afford anything any way. Bush was wrong with the bailout and the Big O seems to be following right in his footsteps.

Government.

If you think the problems we create are bad

Just wait until you see our solutions.

[Punisher84]

I'm just gonna start wearing boots and a cloak and start tracking things for a living. Go all Aragorn in LOTR. Live off the land and such. Walk into a bar and have everyone avoid me while some fat old bartender tells folks to be wary because I'm "One of those rangers"...

[ZenDog]

Some thoughts on this stuff--

A lot of financial gurus think we might be heading for something of a financial system meltdown- And, because the economy is global now, no one really can predict where shortages and breakdowns will occur in the global networks. So, if there is a financial melt down, investing in basic survival needs is a better investment than playing the market via the stocks and bonds game.

Gold is decent for wealth preservation in times of currency destabilization. People speculate in the short term trying to make money off of the shift in value of gold, but gold is better used (IMHO) as a long-term stable asset that holds its value relative to the economy.

The basic survival items are food, medical stuff, self defense- aka Bullets, Beans, and Band Aids. And water.

Silver is better for small time barter, small purchases. Gold is more portable.

As I am writing this, the price of gold is 899 an ounce. A pound of gold is worth about $14,384. Today silver is listed at 11.98 an ounce. It would take 1200 ounces of silver, or 75 pounds of the stuff, to equal a pound of gold. I would rather carry the gold than the silver if I have to get out of dodge due to an earthquake or some Katrina-like situation.

If you have a ton of money and already have all the bullets beans and bandaids you need, having a stash of Krugerrands is not a bad thing. When and if the financial system restabilizes or a newly valued currency is issued, cash 'em in.

And, some think that there may be some catastrophic banking industry failures. Gold and silver in my possession is worth a lot more than unstable or devalued currency stored in a failed bank that might not be able to give me my money.

[Guest jackdog]

plus 1 ZENDOG

[Mark@Sea]

Hyper inflation is my biggest concern, followed by financial collapse. I'm concentrating on silver and ammo for barter purposes. Tucking away a case or three of spirits would be a great idea too... Maybe a spare shotgun or two for loaners.

Gold is for the mistress, silver for the maid

Copper for the craftsman, cunning at his trade

Good, said the Baron, sitting in his hall

But Iron, cold iron, is master of them all.

Edited January 27, 2009 by Mark@Sea