Be prepared for multiple economic possibilities
Bear
Posts: 18,953 ✭✭✭
1. Drastic re evaluation in world money including
possible inflation in value of PMs and commodities.
This would mean a drastic worldwide devaluation
of the worlds currencies.
2. Deflation
3. Hyper inflation
4. Stagflation
5. Depression
6. War time like economy. Strict controls,
rationing., wage and price controls.
The answer is probably to have a mix of options that
you have already implemented.
A. Some money in the bank, but not too much
B. Some long term loan like a fixed rate mortgage
C. Rare coins
E. Some Precious Metals
F. Some common stock or good low cost index funds
such as Vangard Family
G.Pray like you never prayed before for Divine Protection.
possible inflation in value of PMs and commodities.
This would mean a drastic worldwide devaluation
of the worlds currencies.
2. Deflation
3. Hyper inflation
4. Stagflation
5. Depression
6. War time like economy. Strict controls,
rationing., wage and price controls.
The answer is probably to have a mix of options that
you have already implemented.
A. Some money in the bank, but not too much
B. Some long term loan like a fixed rate mortgage
C. Rare coins
E. Some Precious Metals
F. Some common stock or good low cost index funds
such as Vangard Family
G.Pray like you never prayed before for Divine Protection.
There once was a place called
Camelot
Camelot
0
Comments
Pretty scary
Now explain to me again why I should be investing now in coins and PMs in the fact of that economy?
CG
of economic chaos and it will take ground
shaking world wide changes in how things
are done in order not to fall into the abyss.
Camelot
Because the shrinking or deleveraging of financial assets is not monetary deflation though that is what most seem to want to believe. The govt is currently taking the course of massive monetary inflation the likes we have not seen since the FED was created. The end result is that snowball melting part way down the hill as inflation heats up and then eventually scorches the earth. That's why you want some rare coins and/or metals. Money was scarce during the 1930's. That is not the case today with TRILLIONs sloshing around looking to park.
There are no real investments today....just speculations of one sort or another. At least you can hold PM's in your hands and not have it swindled out from under you. Rare Coins offer similar advantages though not as safe as bullion.
roadrunner
What should I do ? Withdrawal most of it and spend it on options C,E and F
<< <i>For option G I already have a shotgun and plenty of shells
If TSHTF, then you are way, way too underarmed.
Consider something like an Armalite M-14(great quality and very good price) and an handgun(or two).
Someone weilding only a shotgun would be easy prey.
Not to be a gun nut here, but really, a shotgun is very limited.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
and place it on my front lawn. Next a used
Sherman Tank, just to go to the super market
and back. You can never be too careful.
As for the options, I do not know what will happen
next to the economy ,or what the right thing to do
really is. All I can do is anticipate possible economic
futures and hedge my bets with what little assets
I have left.
Camelot
<< <i>
<< <i>For option G I already have a shotgun and plenty of shells
If TSHTF, then you are way, way too underarmed.
Consider something like an Armalite M-14(great quality and very good price) and an handgun(or two).
Someone weilding only a shotgun would be easy prey.
Not to be a gun nut here, but really, a shotgun is very limited. >>
It depends on where you live and the application. For the woods or the house it's hard to beat 00 buck or slugs. A good AR15 with a scope (or AK47) are good at over 100 yards but lord help those in close quarter with a 00 buck defense shotgun.
Let me just add as a gun collector that has many guns that your better off it getting a gun that ammo wouldn't be an issue. The most common is either the .223 Rem (or NATO) round or for better stopping power 7.62X39. Stay away from larger calibers that are costly and may be hard to get. Really everyone should have a .22 like the Rugar 10/22 for hunting and self defense since it's one of the few guns you can buy ammo for about $13 for 550 rounds at walley world. When it comes right down to it it's not how big but how long could you go without purchasing ammo. JMO as a long time shooter and gun collector.
Ruger® Mini-14® Magazine 20-ShotText
<< <i>
<< <i>
<< <i>For option G I already have a shotgun and plenty of shells
If TSHTF, then you are way, way too underarmed.
Consider something like an Armalite M-14(great quality and very good price) and an handgun(or two).
Someone weilding only a shotgun would be easy prey.
Not to be a gun nut here, but really, a shotgun is very limited. >>
It depends on where you live and the application. For the woods or the house it's hard to beat 00 buck or slugs. A good AR15 with a scope (or AK47) are good at over 100 yards but lord help those in close quarter with a 00 buck defense shotgun.
Let me just add as a gun collector that has many guns that your better off it getting a gun that ammo wouldn't be an issue. The most common is either the .223 Rem (or NATO) round or for better stopping power 7.62X39. Stay away from larger calibers that are costly and may be hard to get. Really everyone should have a .22 like the Rugar 10/22 for hunting and self defense since it's one of the few guns you can buy ammo for about $13 for 550 rounds at walley world. When it comes right down to it it's not how big but how long could you go without purchasing ammo. JMO as a long time shooter and gun collector. >>
Oh, I tend to agree with you. But then, you don't let an intruder get close enough to use that 00 shot and then the proper vest will help as long as you are a fair distance. I'm a big believer in the .223/5.56 ammo. It comes in so many different types for different applications. Some people even have rounds that are not legal outside the military(not me, of course). Stoppng power isn't an issue there. Big believer in the M-15 and also the AR-14 with or without a scope. I was teethed on the Ruger MK I, now have an much nicer MK IV with the bull barrel. Very accurate at distance for a handgun. Close in self defense, you can't beat a quality 9 mil, again I'm hooked on the Rugers there as well.
Ammo? Well I've never trusted my government in that area. I think I'm good there.
I do think I ought to grab a Ruger 10/22 rifle while I still can, though.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>BTW while were on the subject Ruger has never sold high-cap mags to the public (LEO's only) but you could get some online for $50 for a 20 round mag. Now Ruger is having a sale one the mini 14 mags for $29.95 they are now $69.95 at the gun shows. With Obama in office expect an attack on high cap mags again. As with the ban last time the guns went the problem but a simple high cap glock mag that sold for $15 to $20 were going for $125 so if you want something that may skyrocked you might want to consider stocking up on those mags you'll never lose any money on them, EVER.
Ruger® Mini-14® Magazine 20-ShotText >>
Listed as out of stock.
Oh well, I've got over a dozen of them, along with a batch of 30 and 40 rounder after market mags as well.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I'm an avid shooter and collector of guns so there's really no downside for me on my resources. Everyone should have a good rifle, hand gun, and shot gun. I train at USSA and there's nothing like training which once you have a weapon is money much better spent than on another gun. Find one you like and practice with it. I'd also get a CCW in states that allow it just so you can always have a weapon handy and esp. if you live in a big city where real problems will occur first and the first to be locked down in a real emerengcy.
<< <i>
<< <i>BTW while were on the subject Ruger has never sold high-cap mags to the public (LEO's only) but you could get some online for $50 for a 20 round mag. Now Ruger is having a sale one the mini 14 mags for $29.95 they are now $69.95 at the gun shows. With Obama in office expect an attack on high cap mags again. As with the ban last time the guns went the problem but a simple high cap glock mag that sold for $15 to $20 were going for $125 so if you want something that may skyrocked you might want to consider stocking up on those mags you'll never lose any money on them, EVER.
Ruger® Mini-14® Magazine 20-ShotText >>
Listed as out of stock.
Oh well, I've got over a dozen of them, along with a batch of 30 and 40 rounder after market mags as well. >>
I'd call them and see if you could get on a list. I've never seen any mags for the Mini 14's I'd trust my life with, I have some I practice with but these guns seem to like factory mags only. JMO of course
The battle scars of all the good times
<< <i>I am about to purchase my first gun. My brother recommended the Remington 870 shotgun. Any thoughts? My budget is limited. I was looking at handguns and they sure are pricey. >>
The 870 is a very good piece for the money. Get the baked on flat black finish so they won't see the moon reflecting off the barrel when you have it hanging out the window
<< <i>I'd call them and see if you could get on a list. I've never seen any mags for the Mini 14's I'd trust my life with, I have some I practice with but these guns seem to like factory mags only. JMO of course >>
I know you are correct here.
OTOH, I did grab a batch of larger capacity mags a few years back and surprisingly, save for one 40 rounder, never had an issue with any of them.
Just lucky that time I guess. Mini 14s love the factory mag, without a doubt, so I've stocked up heavily on them.
One of the odd things I have noticed is that with the factory 15 round mags for the Ruger P-89 and P-95, they will actually hold 17 rounds.
Hidden feature or the chance for a stovepipe? Don't know, but I want to protect the springs, so I only keep four loaded. One in each weapon and two at the ready and leave them at 14 rounds. If 56 Black Talons in a few seconds doesn't handle my issue, I'm not sure larger caliber would help either.
Not yet ready to sleep with the Colt M-15.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
turn into an edition of "Guns and Ammo"?
Camelot
<< <i>E-3.......oooo you sunk my battleship >>
I love that game. Guns and Ammo
the only true things that will hold their value,
are a families love and a good sense of funny.
Everything else, is of transitory and fleeting value.
Camelot
auto makers. They will go into restructure bankruptcy
and then the Government will take another look.
Camelot
But then a wise bear is always ahead of the pack.
Ren
<< <i>I say that there will be no bail out of the big three
auto makers. They will go into restructure bankruptcy
and then the Government will take another look. >>
I say you are dead wrong, it might be after the first of the year but there is a 100% chance there will be a bailout
Camelot
<< <i>If we are to become stockholders, I wanna new, FREE Malibu from GM.
The new Malibu is very nice but I'll take a top of the line Vette
Camelot
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
will be eating an officially devalued dollar, deflation
high unemployment and international uncertainties.
That should be enough to fill any ones dinner plate.
Since I am not sure what I am supposed to do now,
I plan on doing nothing but cut spending, sit in my closet
and suck on a baby pacifier.
Camelot