Been so tied up in playing with the Beta Site that I forget not everyone really cares about that. What about the other day-to-day minutiae of survivalism?
Picked this up yesterday:
Its a 1 oz. gold Maple from one of the worlds last exporters of asbestos, acid rain, Biebers, and illegitimate children of Fidel Castro.
I sold a goodly chunk of precious metals last year and never really got back into the habit of regular purchasing to bring my stockpile back up. I very much need to change that. The way the economy of this country (which tends to defacto be the world’s economy) is going I really need to be bumping my silver and gold levels back up. So, when my buddy at the coin shop said he’d sell me this Maple at spot, I said sure. This particular specimen had a ding or two and some scratches. But…it’s still a solid ounce of the stuff that dreams are made of.
In addition to hedging my bets against inflation and whatever else the world has to throw at me, this will also come in handy if any of the neighboring properties to mine come up for sale. And until that time, I feel a lot calmer and secure knowing I’ve got precious metals sitting on the shelf ‘just in case’. So..back to the old buying habits.
I think we are at a ‘bottom’ on silver, too. If … a whole bunch of reasons, it will go up, but I’m fairly certain that due to the value of the USD alone, we’ll never see it below 60’s again (or if we do, it won’t be for very long).
Yeah, Im curious to see where the bottom is but I think the only smart thing to do is the dollar-cost-average plan…just a consistent purchase plan over a consistent timeframe for a consistent amount and let the averages flatten out the spikes and dips.
I need to go make friends with those guys.
I personally knew a man who bought a whole lot of farm ground after the crash in 1928 at 10 cents on the dollar. You could be in a similar situation soon. Course he bought Iowa farm ground which is arguably the best dirt on the planet for food production. But ground is ground whereever you can get it.
Yeah, Im trying to position myself for that. I was kinda expecting that when the Kung Flu hit there’d be also sorts of property coming up at bargain rates as people died off.
That’s a beauty and any girl that you know where the scratches and dings are on her is a fairly safe bet. The lingerie model type with hidden flaws are dangerous to all involved
PM seem to be bumping along bottom as Tales of the Big Guys buying hand over fist haven’t stopped. Real buying opportunity? Fedbucks not holding value at worst inflation numbers in a long time and those are fraudulently low.
I skip the guessing game of trying to time the market. Just buy regularly like clockwork…dollar cost averaging….and the highs and lows level themselves out.