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Better Investment Than Gold

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  • Sat, Feb 28, 2009 - 05:15pm

    #1
    Gman

    Gman

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    Better Investment Than Gold

Gold seems to be on everyone’s mind as a safe way to protect your money. While I personally own some gold coins, I am not adding anymore to my stores. Here are the reasons why:

1. Not enough bang for the buck. How much do I think it will appreciate? $2,000/oz…$3,000/oz… I think I can get a better return with alternatives, which I will explain below.

2. You can’t buy a weeks worth of groceries with a Gold Eeagle. What are you going to do, cut it up into pieces? Even 10th ounce coins could be worth well over $200 a piece.

3. I don’t trust the government. They confiscated gold in the past, that means there is a probability they will do it in the future. Old silver dollars would be a better option.

Now on to the better investment than gold. My frame of reference to hard times comes from my parents and grandparents. They lived through the depression and told many a story as I was growing up. My mom’s side of the family were farmers in Iowa. My dad lived in a small farmimg community of 1,500 people. 

My take on the situation was that they lived in times of scarcity. Full-time jobs were scarce, you were more likely to find work once in awhile. Things you needed for daily life were scarce, it was a matter of scraping by. People that had things to barter or trade were perhaps the best off.

We are now in a time where deflation is ruling. That means that people with money will find terrific bargains on all matter of goods. My plan is to take advantage of this by purchasing items that will be of future value as items of barter or trade.

Let me give you some examples of a few things that you can buy for a few dollars, that will be worth 10 to 20 times the price you paid for them. (A much higher rate of return than gold)

You would source the materials from garage/estate sales and thrift stores. Here is a partial list, you can use your imagination for the rest:

Hand Tools

Mason Canning Jars 

Shoes, coats, blankets, blue jeans

Grain Grinders

Oil Lamps

Hardware…wire, nails, welding rods…

Ammunition…even if you don’t own a gun.

These are things you can afford to buy today. Buy a few items every week, stockpile them and keep them in good shape. When times get hard, they will be the things that people need. This means they will have value and are great items for barter. 

One last item that I must give credit to my wife. She says that if you had a truckload of toilet paper, you would be rich if TSHTF.

Hope this has been helpful to everyone…………….Gman

 

 

  • Sat, Feb 28, 2009 - 05:58pm

    #2
    Peak Prosperity Admin

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    Re: Better Investment Than Gold

Great post…I’m not one to be a pack-rat, but I have been a stockpiling fool as of late. Finding places for all this stuff is a bit more difficult than for gold coins, however. Every time I go to the store, I buy a few extra items, and store them. I totally agree about the toilet paper…though it can be rather bulky to store. I have also been buying wine and spirits, even though we don’t drink much. I figure if there was ever going to be a time when people will want to have a drink, its in our near future.

More power to you,

Jeff 

  • Sat, Feb 28, 2009 - 06:18pm

    #3
    Peak Prosperity Admin

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    Re: Better Investment Than Gold

[quote=Gman]

One last item that I must give credit to my wife. She says that if you had a truckload of toilet paper, you would be rich if TSHTF.

[/quote]

Gman –

Nice post – thanks for retelling the lessons learned from your family. 

I didn’t have a grain grinder on my stockpile list – now I do.

 One question though.  If TSHTF what will we need toilet paper for?????  Won’t it be on the fan blades?  Laughing 

  • Sat, Feb 28, 2009 - 06:43pm

    #4
    Peak Prosperity Admin

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    Re: Better Investment Than Gold

A grain grinder is a must if you plan to store wheat and make bread. But wouldn’t it be nice to have 3 or 4 of them that you bought at a few garage sales over time? They will be the same as money in the future, worth many more times than the price you paid for them. IMO they would be worth more than an equivalent amount spent on gold.

  • Sat, Feb 28, 2009 - 10:01pm

    #5
    Peak Prosperity Admin

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    Myler Food Storage Bags for Food Buckets

Would someone please point me to suppliers for the true mylar bags that fit in the 5 and 6 gallon food storage buckets?

Thanks,

Bruce

  • Sat, Feb 28, 2009 - 10:08pm

    #6
    Peak Prosperity Admin

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    Re: Myler Food Storage Bags for Food Buckets

[quote=Septimus]

Would someone please point me to suppliers for the true mylar bags that fit in the 5 and 6 gallon food storage buckets?

Thanks,

Bruce

[/quote]

Bruce,

 

I get mine here.  I seal them using an iron over a piece of aluminum angle.

 http://beprepared.com/product.asp_Q_pn_E_ZA%20B105_A_name_E_%5B%5BProductNameURL

Mark

  • Sat, Feb 28, 2009 - 10:30pm

    #7
    Peak Prosperity Admin

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    Re: Myler Food Storage Bags for Food Buckets

Thanks Mark!

  • Sat, Feb 28, 2009 - 10:31pm

    #8
    Peak Prosperity Admin

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    Re: Myler Food Storage Bags for Food Buckets

 

Sorbent Systems

They have great technical services.  They supply the US Army with long-term storage supplies.

 

  • Sat, Feb 28, 2009 - 10:40pm

    #9
    Peak Prosperity Admin

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    Re: Better Investment Than Gold

I can vouch for Sorbent Systems also. I was very pleased with my purchases from them.

  • Sun, Mar 01, 2009 - 12:22am

    #10
    Peak Prosperity Admin

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    Re: Myler Food Storage Bags for Food Buckets

[quote=MarkM]

Bruce,

I get mine here.  I seal them using an iron over a piece of aluminum angle.

http://beprepared.com/product.asp_Q_pn_E_ZA%20B105_A_name_E_%5B%5BProductNameURL

Mark

[/quote]

 

Mark,

Excuse my ignorance but could you please explain what you mean by "I seal them using an iron over a piece of aluminum angle."

Thanks,

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