The dollar is shrinking, and banks are not the safest place for your money anymore. What do you do?
Paying down debt works. Although it appears that paying the minimum and then using cheaper dollars later is a better strategy, that may not be so. Nations with high inflation passed laws to make many forms of debt matched to the inflation index, this keeps the financial community happy.
Gold and silver are nice, but not the first option. Your first option should be to buy stuff that you use and can store - classic Alpha Strategy. www.biorationalinstitute.com/zcontent/alpha_strategy.pdf
Paper towels and toilet paper go in the attic crawl space that so many homes here have. Canned food and such inside. Soap, body care stuff, stabilized fuel. Guns and ammunition have done well as investments, even leaving out their value as self-defence tools. Tools, parts, 'camping gear'... Then look to barter items, like coffee. Hey, I used coffee for barter many times in the military, it's amazing what a couple cans of Folger can get you. Chocolate, alcohol and tobacco work too. Having a small stash of cash hidden isn't a bad idea. Take a look around other prepper's blogs and you will see an incredible amount of information, lots of skull sweat expended so you don't have to.
Sunday, November 29, 2009
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1 comments:
It's interesting you mention silver and gold. I had originally thought of going that route, but quickly realized that I can't eat silver or gold and the immediate access to necessities was much more crucial than having material barter items. Besides, I can always barter with food, not that I would likely ever think about giving up my rations and risk starvation.
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