SHTF: Run on gold coins!

While everyone else is obsessed with the latest bailout or newest fodder from Hollywood, I found this little gem in the news today..

Government Can't Handle Run on Gold Coins

Even the Motley Fool investment advice site has a story on it..

So why the sudden facination with gold coins?

I think there are number of reasons why this is happening.

One plausible explanation is 2009 is shaping up to look a lot like 1978-1979. Consider the state of our economy, manufacturing giants (GM), government, potential inflation and devaluation of our money. During the late 70's, gold shot up to $1000.00 an ounce.

Right now, gold is trading in the mid-700's the last time I looked; down from a high of 900 and change just this year.

Also, consider this.. The availability of gold coins is the problem here. Several nations, (Chile, Iran and China) are all moving some of their foreign reserves to gold. Coins may the fastest or only way for them to move quickly into this asset. Just a thought..

Now, what can you do?

If you have your other preps in place and you have the funds available, consider checking ebay, your local jewelry or coin store and see what they have available in gold coins.

The price is still better than it was a few months ago.

Avoid those "gold commemoratives" advertised on late night TV. Most are 'clad' in gold or silver.

Even the TV ads for the silver or gold coins are overpriced (especially with shipping).

No, head to the coin shop, jewelry store or Gold and Silver Exchange type store in your neck of the woods.

But do it soon..

I am guessing that after January, after the new government takes its seat and after the rabid followers realize no magic will make the economy get all "1990's better", the rush will be on.

By then, it will be too late.

So you have been warned.

Besides gold coins and junk silver.. The same goes for firearms, ammunition, magazines..

For bulk foods, especially long term storage foods like Mountain House.. Emergency Essentials..

For gasoline but more so camp fuel, butane and propane for the grill and camp stove, and generators.

Besides gold coins the same can be said for toilet paper, cleaning products, feminine products, paper towels, bleach.

Besides gold coins, expect shortages at some time on power for your home as rolling black outs, brought about by cutbacks in fuel supplies and generation plants. Do you have any solar panels and batteries? How about batteries for the flashlight and lantern?

I hate sounding "Kurt Saxon" here, I have always been an optimistic prepper. In fact I think most of us are. But when I see a run on gold coins I believe we are about to turn the corner.

So continue getting ready, remain hopeful, happy and helpful. Don't let gold coins get you down.

Rather, gold coins may help with your preparations for the coming days!

Be safe, be ready and be careful!

As always.. Tell me what you think!

Leave a comment and click below!

SHTF: Gold prices

I never talk much about gold and gold prices because frankly, I have never been able to afford to purchase much in the way of gold. When gold prices started to spike some time ago, I sold some of my smaller coins and turned the proceeds into "tangibles" as my wife and I like to call them.

After all, I cannot eat a gold coin, but I can eat a case of tuna fish!

Gold has been steadily (and sometimes dramatically) been rising for many years now. I think the big moment was after Y2K and shortly after 9/11. Since then, gold has gone up, up, up.

Why should you buy gold?

Gold is real, holds its value and has value to anyone worldwide.
Gold has proven its value during a bear market and during inflationary times.

When should you sell gold?

When you need money and tangibles for sure.
When the price is so high you can pay off most of your tangible debts.
Never. You will only be selling your gold for paper (I don't agree with this statement, because of what I noted above).

How can I buy gold?

You can buy gold from dealers which are sometimes jewelry stores or pawn shops, you can buy gold from auction houses and you can buy gold from other collectors.

Gold can be bought in coin or bar form. I prefer coins. They look like money and will have more value to the untrained eye for commerce. A bar looks like a Willie Wonka chocolate bar only it weighs more!

Should I buy gold?

Sure if you have the money. I would buy preps first.

And is now a good time?

Gold is down, hence the reason for this post. Gold prices are down because the dollar is getting stronger. As I write this, gold is down 14.00 and reached 1000.00 just a few months ago.

Hmmm.. with an election about to happen, economic uncertainty, and gold (and junk silver) being a good place to "relocate" your trackable investments and cash...

It might be a good time to buy gold!

Tell me what you think!

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SHTF: Banking meltdown - What to do?

So many of the investment banks and financial companies are melting down. Many of us saw it coming years ago and stopped putting money into overpriced, venture capitalist run, non-producing companies years ago.

So what does a pre-apocalypse investor do with their savings, investments and carefully hoarded pennies do?

Disclaimer: I am not an investment adviser or professional. If you routinely take financial found on a blog, you should really turn over control of the purse to someone else.

What do I do with my money?

I like cash.
I pay for almost all of my every day expenses, (groceries, gas, etc) with cash.

I like precious metals. Nope, I am not an obsessed gold bug or silver bug, rather, I like having a cash equivalent denomination I can spend literally anywhere in the world. Drop a hat and I can cash in a roll of pre-1965 silver U.S. quarters at a jewelry or coin store and instantly have cash to pay bills with.

I like tangibles. I like having my house paid for. I like having a full pantry, a full gas tank and a working garden out the back door. I would rather have something real I can eat or consume right now then a something I hope will be around in the next 20 years.

It works for me. You do what works for you and yours. But let me say this. Having worked in business my entire adult life, there is a glut of dishonest people who have wormed thier way into the business world whose only skill is the ability to appraise and gut a perfectly good company in an astonishing amount of time.

Consider working for yourself if possible. At least you will like your boss.