Inflation Hedge?
- Thread starter Musashi
- Start date
The Night Rider
Professional
A long time ago I had a supervisor who was a big "Coast To Coast" fan. I worked nights and he worked the day shift. He would come in every morning and he would quiz my coworker and I on whether or not we had listened to that night's episode of "Coast To Coast".
He was forever telling us that the economy was heading for a collapse (which it is) and that we needed to start investing in gold right now.
Every time he said it I would ask him "What are you going to do when you've got all your money tied up and gold and the first thing the Government does (When the economy collapses) is outlaw all gold transactions?" Like they did in the 30s. His response was always the same "There will always be a black market for gold." Do you really trust a criminal to give you fair value for your gold?
The only reason gold is valuable is because humanity as a whole has agreed that it's valuable.
it's just a rock.
If you can't eat or drink it, wear it, keep yourself warm with it, defend yourself with it or wipe your *** with it, it really doesn't have any intrinsic value.
He was forever telling us that the economy was heading for a collapse (which it is) and that we needed to start investing in gold right now.
Every time he said it I would ask him "What are you going to do when you've got all your money tied up and gold and the first thing the Government does (When the economy collapses) is outlaw all gold transactions?" Like they did in the 30s. His response was always the same "There will always be a black market for gold." Do you really trust a criminal to give you fair value for your gold?
The only reason gold is valuable is because humanity as a whole has agreed that it's valuable.
it's just a rock.
If you can't eat or drink it, wear it, keep yourself warm with it, defend yourself with it or wipe your *** with it, it really doesn't have any intrinsic value.
Winchester67
Custom
The only precious metals I have invested in are copper, lead and brass. I figure ammunition always has intrinsic value, or I can just shoot it for the fun of it.
Grayfox
Professional
My thoughts exactly. If the S ever does HTF, I can barter ammo much better than gold.
The Night Rider
Professional
If you barter ammunition you're telling people that you have Ammunition.
I'm making an assumption here. But on the weekends I can walk out on my front porch to hang out with the turkey and I can hear the folks up on the hill shooting at their private range.
The East End of the property I can hear people shooting at their private range. I hear it to the southeast as well. Almost never from the North though.
And based on the rate of fire I'm hearing, these people clearly have more ammunition than I do, or they're stupid. I mean some of these people it just sounds like they're doing mag dumps.
So I'm fairly certain I'm not going to get good value bartering ammunition with my neighbors.
Hertervillian
Operator
If it all goes sideways, pallets of liquor will be a valuable resource.
The Night Rider
Professional
I told this story before but it's relevant to the subject.
We went to a family get together on Easter Sunday at my daughter's house. I wasn't paying attention but on the way home my wife told me that she watched my daughter give away a dozen eggs to 6 of her 7 kids. Number 7 has her own chickens and has eggs to give away as well. Then my daughter gave my wife and I two dozen eggs.
According to my wife our daughter still had eight dozen eggs left. Also according to my wife, our son-in-law takes those dozens of eggs to work every week and the sells them.
I have no idea what he sells them for but I'm sure it's enough to make it worth his while.
I have learned that a hen does not need a rooster lay eggs.
A dozen eggs at Walmart is 7 Bucks.
My SIL sells all the eggs he takes to work. I don't know how much he charges but I'm sure it's profitable for them.
A chicken at Tractor Supply is 50 bucks, which surprises me.
If you buy a chicken and sell the eggs it'll pay for itself in about a month.
We went to a family get together on Easter Sunday at my daughter's house. I wasn't paying attention but on the way home my wife told me that she watched my daughter give away a dozen eggs to 6 of her 7 kids. Number 7 has her own chickens and has eggs to give away as well. Then my daughter gave my wife and I two dozen eggs.
According to my wife our daughter still had eight dozen eggs left. Also according to my wife, our son-in-law takes those dozens of eggs to work every week and the sells them.
I have no idea what he sells them for but I'm sure it's enough to make it worth his while.
I have learned that a hen does not need a rooster lay eggs.
A dozen eggs at Walmart is 7 Bucks.
My SIL sells all the eggs he takes to work. I don't know how much he charges but I'm sure it's profitable for them.
A chicken at Tractor Supply is 50 bucks, which surprises me.
If you buy a chicken and sell the eggs it'll pay for itself in about a month.
Musashi
Professional
Bingo!
A $50.00 chicken!
The Night Rider
Professional
That will lay approximately 2 dozen eggs a month. Like I said it pays for itself pretty quick. A chick costs about five bucks