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Maybe a few to a lot of years ago. Right now? It is the next great bubble. Unless you know what you are doing, don't play with the big boys. When billionaires are buying gold by the ton, do not expect them to be doing so other than to inflate and dump. If you do not have gold I would suggest you stay that way. I am even rather nervous about silver. I would love to buy twenty or thirty (face value) in junk silver, but at the charges they are pricing? A $10 face value is about $165, give or take. It should be more like $85. I would love to grab up a couple of saddle bags of the stuff, but I do not think that is wise right at the moment either. Speculation is a huge risk. Any one remember house prices 2, 3, 4 years ago? Yeah. Just saying. I know, I know, when TEOTWAWKI happens silver will... no, it will not. Matches and .22 bullets will be about equal to anything like a nickel or dime. Do not be fooled. I have to look at what would bring the best return considering current prices, and I do not believe silver or gold would provide that. (I would love to hear opinions on this though.)
Lots of things are on my mind and I can figure out what to do about few of them. Simply put, money time energy and ability are all variables I cannot quite find a way to overcome. Solar electric backup and subsystems, a well or even a cistern until a well, a large supply of various seed, a garage door opener is looking spooky, and rechargeable batteries with a good charger is dubious project. Still, buying extra items of food, storage for food and water, and the little things, are all moving along nicely. I am learning to sustain myself on these foods, mixing and matching if still not quite the way it would be in a total collapse. I have experimented with a small garden. I have done some work this summer. I am moving, sometimes slowly, in the right direction.
Of course, and always, in the back of my mind I wonder if any of this is even really necessary. Naysayers are not always external. This, by the way, is a good thing. The reason men die younger than women at all age levels is, well, because our naysayer is weaker and... because women are so hot we have a tendency to do stupid and dangerous things to impress or get over them. Marriage can handle that, but more because it is such a wickedly stupid thing (at least to our sense of destruction and love of danger). It might be said that marriage is akin to putting one's testis, women need not apply, in a vice and seeing how much pain can be endured. Needed, wanted, wise... Probably, somehow. (An example of my naysayer let loose on the notion of marriage, there, by the way.)
Well, off to do something or other. Just thought I would stop by and cause a ruckus. Hmm, might drive to the store tonight. I was awake, or more, woke up, in time to call and cancel and reschedule that appointment. I am almost feeling stellar on that account. Oh, and I may have found a way to obtain caffeine in a manner that allows me a bit more utility and variability with the stuff. Oh NOES! Oh yeah. Heh.
Like I say, you can't eat gold. Your best bet is stuff that you need anyway, projected into future surpluses for survival of whatever transpires. Or regular consumption if times remain normal.
ReplyDeleteI own just a small stash of silver, and for my buck, small lots for sale on e-bay are the best bang. Everything else I have so far is in useful tangibles.
Good to have solid feedback. The only silver I have is from a collection I have kept from childhood and grown slightly over the years. I would hate to use that merely for silver. I ought to have it valued and consider selling it. Though I am not sure it has any more worth, at this point, than mere silver. Further, it is something I did for pleasure, not so much wealth. One of the differences between the wealthy and the rest of us is seeing wealth, value, and such in different ways. The sentimental cannot attain peak wealth? I may have to look at the silver on E-bay. I really had not considered that, having seen horrendously bad "deals" there on other stuff.
ReplyDeleteIt is good to hear, though, that someone else thinks consumables and food items are the best bet.