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Tangible investments … that lick your hand
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We’ve decided on this radical tactic because money is losing its value at a startling rate. In the last eight months it has lost 14 percent of its value. This “dollar’s road to hell,” in the words of Gonzalo Lira, mean useful things like heifers and canning jars and storable food will only cost more and more as time goes by. So why not purchase them now while we can still afford them?
At this juncture I’ll point out that I’m not a financial adviser. I don’t even play one on TV. I’m a housewife on a limited budget. But my husband and I can’t afford to have that limited budget evaporate in value because we naïvely swallowed Ben Bernanke’s lies that our economy is just fine, thank you, and recovery is right around the corner.
We believe foolish people trustingly keep their money in the bank and don’t notice when its purchasing power dwindles (or when their solid dependable bank just … goes away). We believe foolish people think the stock market can never fall to catastrophic lows (again). We believe foolish people think our economy is fundamentally sound despite all evidence to the contrary.
We believe smart people pay off debt and get rid of unneeded luxuries and put their money into things that will provide a useful function in the future. We believe smart people invest their retirement money in physical gold and silver rather than 401(k) plans.
Tangible. Think tangible.
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Gold bullion coins, silver bullion coins, rolls of nickels … … are my preferred investments.
Don’t laugh.
Read about post WW1 Germany, Hungry, Zimbabwe.
It can happen here.
Humor me. Buy a $2 roll of nickels every time you go to the bank and put them out of the way at home. (The Gooferment’s nickel in now worth about 8¢ in metal content alone.)
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Reinke Faces Life 