Saving Change
I was going through my change jar today and started to think. I have a LOT of pennies and nickels. About once a month or so I separate my pennies and nickles from my dimes and quarters. I cash in my dimes and quarters and put my pennies and nickles in a coffee can. They just keep adding up. For a long time I was taking Rawles advice and getting a few rolls of nickels every time that I cashed in my paycheck. Those rolls added up fast to the point where I probably have more than I'd be willing to take with me if I had to bug out. Sure the metal content is worth more than the monetary value of the coins but I have to wonder if it's worthwhile to sit on them. They're heavy. I have a lot of them. It's still money that can be spent. If I were cashing them in for beer money it would be one thing but when I cash in my spare change I buy silver, ammo, food stocks, etc with the money. Basically, I use that money for preps. Those preps could easily pay huge dividends a lot sooner than what the metal in the coins will ever pay.
Not so long ago I recommended that you should do just what I'm doing. Now I'm recommending that you take that spare change, cash it in and get some preps with it. You can bet that Obama is going to make SOME sort of push towards gun (or ammo) control. Guns or ammo are both safe investments. You can't have too much non perishable food on hand. Packing your pantry a little tighter is never a bad idea and if rampant inflation ever kicks into overdrive then food could get prohibitively expensive. Spot silver and gold are both low compared to where they were a year ago. While spot silver has been sitting around $10-$11 an ounce you can't buy it for less than $15-$20 an ounce if you look on ebay or walk into a shop. Gold has been hovering around $800-$900 and ounce if you pay attention to the spot price but if you actually try to buy it you can expect to pay well over $1000 an ounce. Meanwhile, some big investment firms are "baffled" over the fact that rich people are cashing in their investments so that they can take possession of physical precious metals. The fact that they won't get a cut when those rich people cash in those investments (or purchase those investments) couldn't possibly have anything to do with their trepidation about this investment strategy.
If you've been saving your pennies over the last few years then it's time to cash them in. Get something that will have real value that you can actually take with you during an emergency. I was shocked when I actually calculated the face value of all of the rolls of nickels that I'd saved up. Needless to say I'll be paying a visit to my local coin dealer within the next couple of days and it won't surprise me if I walk out with some gold to add to my collection. Just remember...gold and silver aren't the only precious metals. Soon lead and brass could both be very precious as well. More importantly you can't eat ANY of those. If you're short on food storage then that's obviously what you need to be focusing on. It's time to kick things into overdrive. I firmly believe that we're at the do or die stage. It's up to you to decide what you need to do to make sure that your chances of dying are a whole lot lower than everyone around you. On a lighter note M.D. Creekmore over at the survivalist blog wrote a good post a couple of days ago about urban living during a worst case scenario. If you haven't already read it then I suggest that you go check it out.
Not so long ago I recommended that you should do just what I'm doing. Now I'm recommending that you take that spare change, cash it in and get some preps with it. You can bet that Obama is going to make SOME sort of push towards gun (or ammo) control. Guns or ammo are both safe investments. You can't have too much non perishable food on hand. Packing your pantry a little tighter is never a bad idea and if rampant inflation ever kicks into overdrive then food could get prohibitively expensive. Spot silver and gold are both low compared to where they were a year ago. While spot silver has been sitting around $10-$11 an ounce you can't buy it for less than $15-$20 an ounce if you look on ebay or walk into a shop. Gold has been hovering around $800-$900 and ounce if you pay attention to the spot price but if you actually try to buy it you can expect to pay well over $1000 an ounce. Meanwhile, some big investment firms are "baffled" over the fact that rich people are cashing in their investments so that they can take possession of physical precious metals. The fact that they won't get a cut when those rich people cash in those investments (or purchase those investments) couldn't possibly have anything to do with their trepidation about this investment strategy.
If you've been saving your pennies over the last few years then it's time to cash them in. Get something that will have real value that you can actually take with you during an emergency. I was shocked when I actually calculated the face value of all of the rolls of nickels that I'd saved up. Needless to say I'll be paying a visit to my local coin dealer within the next couple of days and it won't surprise me if I walk out with some gold to add to my collection. Just remember...gold and silver aren't the only precious metals. Soon lead and brass could both be very precious as well. More importantly you can't eat ANY of those. If you're short on food storage then that's obviously what you need to be focusing on. It's time to kick things into overdrive. I firmly believe that we're at the do or die stage. It's up to you to decide what you need to do to make sure that your chances of dying are a whole lot lower than everyone around you. On a lighter note M.D. Creekmore over at the survivalist blog wrote a good post a couple of days ago about urban living during a worst case scenario. If you haven't already read it then I suggest that you go check it out.
Comments
Rawles means well, but sometimes he's impractical.
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