...amounts to about 11% of my total cash savings. I'd much prefer it to be closer to 30% but both silver and gold have become so expensive as to make them cost prohibitive for further purchases right now. Regardless, should WW III break out, or should our economy fall into a depression, and I think we are close to either one or both, that 11% of my savings in bullion will be good to have in reserve because it will be priceless under the economic conditions that would ensue. Of course, I also have stock in other metals that I am certain would become extremely valuable in the event of a world war and its aftermath. My metals like lead, brass and copper are in good supply. They may become or may be not be somewhat more valuable in a depression and certainly would be of much more value in the event of a future arms and ammo ban in the United States. My guess is I have at least an additional 14% of my total cash savings worth of ammunition.
Having 25% of my cash savings in things other than cash and in addition to that cash, is very comforting, but monetary value is not alone enough should TEOTWAWKI show its ugly head. Believe me, WW III or a depression would be just that - ugly - and if we get into WW III it will be in part on our soil. I also have laid in what I am guessing to be at least three months of less-perishable food; although, it likely would be six months worth with a little bit of rationing. I probably have enough water for a month and also water filters to cleanse and make safe any I get from natural sources. Add to that gas masks, gas mask filters with a 20 year shelf life, protective suits, first aid supplies, including a few bottles of antibiotics and other equipment & supplies and I am ready to face the prospect of being the last man on earth if it comes down to it. I must admit, if TEOTWAWKI happens, I might not want to survive as the Omega Man but right now my overwhelming drive is to survive and as the gal said in Serenity: "To hell with this, I'm gonna live".
Hope to see some of you, if not all, should it come to the end times of humanity because we killed off most of ourselves in the final world war.
All the best,
Glenn B
2 comments:
the metals have doubled in value recently and look to go higher, which is scary since the gurus say 50 dollar silver means hours/days before the collapse. load up on the food first, winter is long and crops don't come in til fall if at all... sell some guns and buy extra silver if u must. you need to be mobile, can't carry all those guns with you.
Store adequate food. All those metals are worthless if you don't have and can't get food.
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