Gold is up to $1663.80/oz today. That's up $5.70 from Friday, literally growing in the pockets of those who possess it.
Well, that's just peachy. Gold is a great way to hold a great deal of wealth in a small space. So, get some! In times of turmoil, the price of gold could go to $3.000/oz or greater!
Man, we'd better hope NOT!
Why do I say that? Since the value of gold rises with inflation, if the value ever got that high, at that point, the dollar would, at that point, be worthless. Those who didn't have the foresight to diversify and protect themselves economically from such a drastic dollar down-turn, would certainly not be able to afford gold. Furthermore, those HOLDING gold would not even be able to sell it. There's a line from an old song from during the Jesus Movement that went "a loaf of bread would buy a bag of gold." Yes, you can't eat gold, folks!
Another line from that same song was this: "I wish we'd all been ready."
If all you held was gold, who could you trade with? Where silver and gold are concerned, true, you can’t eat it. However, in Zimbabwe and in Argentina, in the midst of complete meltdown and monetary chaos, when people were shooting each other in the streets for food, gold and silver became king, and still are. With these things in mind, this is all the more reason to develop a bartering mentality. Have a plan... a plan that includes, but isn't limited to, gold and silver.
Consider the POTENTIAL problems that could come upon us, things that have already happened in other nations. Invest in diverse things. Gold and silver, grain, the FOREX*. Below is a list of the best bartering items and tradable skills.
*I recommend you contact Fulton Sheen, fsheen@gmail.com. He's helped us TREMENDOUSLY!
"Speculative investing" means we are speculating about what the future will bring. Things CAN go wrong. The wheels CAN fall off. I can hear my mom saying, "Hope for the best but prepare for the worst." Good advice. That way you won't be shocked. You can sleep peacefully because you have a plan. PREPARATION is key. Anything geopolitical, economic, weather-related, social unrest... one investment failing because of any of these will cause you to revert to Plan B.
That is, if you HAVE a Plan B.
So, be cautious. Be ready to move quickly on any profit you make. Example, after an RV, don't take a cruise! Instead, turn that money into OTHER options besides the American Dollar. In other words, consider the RV "seed money." Plant those seeds immediately!
But what if there IS no RV? After all, Iraq is a tinder box and everybody's striking matches all the time. Civil war, an earthquake... anything could happen. With a "no RV" mindset, are you exchanging your cash for gold? Silver? Grain? The Forex?
I talk to MANY people and it saddens me how many have put all their eggs in the IQD basket. Doing so isn't an expression of faith; it's presumption. Frankly, it's foolishness. Wisdom is screaming that we diversify and prepare. I hope this helps!
Every blessing,
Michael Tummillo
BARTERING ITEMS
Water filters
Heirloom seeds
Long shelf-life foods
Food-producing animals
Solar-powered generators
Firewood
Gas/Oil
Silver/Gold/Copper
Guns /Ammo
Tazers and Pepper Spray
Tools
Pesticides /Rat traps
Warm clothes
Medicines
Toiletries
Potassium Iodide Pills
Geiger counters
Particulate Masks
Disinfectants
Liquor/ Cigarettes
BARTERING SKILLS
Welding
Blacksmithing
Engine Repair
Carpentry
Doctor/Nurse
Veterinarian
Martial Arts Training
Hunting
Chemist
Sewing
Appliance Repair
HAM radio
Homeschooling/Tutoring
Soap/Candle making
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