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 Replies: 25 / Views: 2,889 |
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Pillar of the Community
United States
3592 Posts |
I know it may sound like I'm joking..but if you want a guaranteed hedge against inflation, invest in non-perishable consumable goods.TP,aluminum foil,paper towels,laundry soap,maybe even canned coffee,etc. Think about what you will always use and have room to store.I've been pretty amazed at the price increases over a couple of years and am know considering stocking up on 5 or 10 years worth instead of 2 or 3.
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Valued Member
United States
264 Posts |
@Maineman, don't forget Double Zipper Ziploc bags! They hold up for years and actually are the best way to temporarily preserve any perishables. Discovered this during the 2005 hurricane season here in Louisiana.  |
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Rest in Peace
United States
9104 Posts |
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These are your permanent holdings that you will keep unless it is needed to resolve a very nasty problem. Calling this a matter of life and death may be a bit too strong but you understand that this is your life emergency hoard. shtf money |
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Rest in Peace
United States
9104 Posts |
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people sometimes sell their PMs for other reasons... such as to pay off debt, Debt and investment need to be looked at together. Unless you can earn more than CC interest rates, they should be paid off. Think of it as getting a 18%+ return on your money. If you're getting 5% on tax frees, there's no rush to pay off a 4% mortgage that's tax deductible. |
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Rest in Peace
United States
9104 Posts |
 , samsnate! |
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Pillar of the Community
United States
667 Posts |
It really depends on why you have PM's to begin with.
If you are a shtf guy then an exit strategy really is not needed.
If you are speculating for a return then of course you better have a plan, idea or something. This is where you will have several opinions, plans and strategies.
A good exit strategy of course it to make sure you made a return on your original capital.
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Pillar of the Community
United States
4008 Posts |
We all have our reasons for buying or not buying PMs. SHTF money is one of them. I also like the store of value concept. Both work for me. Stocking up on the things we use is also a great plan and one that folds rather neatly into owning PMs. Both tend to come from a similar mind-set. Extra food and other useful articles are also a store of value in that we can consume them instead of buying stuff at higher prices later on. It gives me that warm and fuzzy feeling to be using something that I paid $2 when it is in the stores for $4-5. Perhaps this is a bit like dollar cost averaging our food bills? It works especially well when we can stock up during sales and 2 for 1 deals.  |
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Rest in Peace
United States
9104 Posts |
About once a year Krogers has stupid cheap prices, like Banquet TV dinners for 28¢, frozen sausage for 28¢, Manwich + sketti-os for 38¢. That's when you stock up.
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Rest in Peace
United States
9104 Posts |
One day I came home to a basement full of corn flakes. Dad found coupons good for $3 off two boxes. He got a pile of coupons and they were on sale for $1.59 a box.
He went through a box a week, so he kept 52 and donated over 200 to the church.
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Pillar of the Community
United States
4008 Posts |
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About once a year Krogers has stupid cheap prices, like Banquet TV dinners for 28¢, frozen sausage for 28¢, Manwich + sketti-os for 38¢. That's when you stock up. Sounds really good to me, Fredd. Silver and gold are not the only things that can be "stacked".  Quote:
One day I came home to a basement full of corn flakes. Dad found coupons good for $3 off two boxes. He got a pile of coupons and they were on sale for $1.59 a box.
He went through a box a week, so he kept 52 and donated over 200 to the church. Sounds like a great plan to me. He did good. |
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Replies: 25 / Views: 2,889 |
First Page
Posted 02/03/2012 08:36 am
