[Hoarding gold and silver against economic catastrophe can give us peace of mind. But in times of true crisis, there are some things that will be even more valuable to our survival than bullion, as the following note reminds us. It was contributed to a Rick’s Picks forum discussion by a rancher who used the pseudonym ‘Bed Rock’. RA]
The place I looked to see how to be prepared for a dollar collapse was in the journals of the pioneers who settled the frontiers in North America two to three hundred years ago. When moving to an unexplored region inside the frontier, and being months of hard travel away from any civilization where the necessities of life could be purchased, is basically where we all will be when commerce stops because of a dollar collapse.
Bartering works good, but money was not very valuable, even gold. The people needed a place to live that offered protection from the weather, water and food. Everything else was and is a luxury. The people who had the talents of building shelters and producing food prospered and those that came with family money either died or went home broke.
So what I took from this is, be prepared to use your hands. Surround yourself with good, honest people who have talents in the many life-saving areas needed to survive any circumstances that may be thrown at us. Raising chickens, making bread, treating sickness, making a garden, a carpenter, etc. You will know what you need for your area.
I am a rancher and produce enough beef to feed approximately 6,000 people. But having to do that without cheap fuel, fertilizer, and life-saving drugs for the cattle, I will produce much less. But protein is one of the necessities needed to survive and something the pioneers treasured. If you succeed and prosper as our great country makes its comeback, you will have moved up the ladder of social and economic ranking. Survival of the fittest, and we will be rid of all those who live off of government aid. So don’t be caught with just a lot of gold and silver when the collapse comes. Sell some and buy the tools you will need to survive so you can use the metals latter when civilization returns.
The bond tout was insanely accurate. It would take roughly 100 years of watching CNBC to find actionable advice that was even 1/3 as profitable.
Thanks so much for that one…
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Pleased to have helped, Curtis. A number of subscribers caught the trade, using either the futures contract or TLT, where a longstanding target at 117.23 missed the intraday low by 3 cents. RA