Friday, November 13, 2015

Can't afford gold myself, but I am modestly increasing my investment in lead and brass, one reload at a time.

"Americans are buying tons of gold."
"This summer's market mayhem caused Americans to buy gold bars and coins at levels unseen since the financial crisis. When people are scared about the economy and financial markets, they rush to gold. Boy, were they worried in recent months. U.S. demand for gold bars and coins surged 207% during the third quarter, the World Gold Council said on Thursday. The skyrocketing demand signaled a level of interest in gold investment "not seen since the global financial crisis," the group said. The U.S. Mint backs up that assessment. It said gold Eagle coin sales surged to nearly 400,000 ounces last quarter, the highest level in more than five years."


Anonymous said...

And when Americans get enough of it, the corrupt government TAKE IT, again.
Brass and lead? Na, they are afraid to try and take it by force....gee i wonder why?

B-4 said...

Fools and gold are birds of a feather. I'd rather run out of gold long before seeds, fishing tackle or ammo.

Galaxie_Man said...

No gold or silver in my "portfolio".

Plenty of brass, copper, and lead on hand. Both completed units and components. Enough to hold off the EBT dependent OBAMABOTS, the tyrants, or to barter with.

At least for as long as I will survive for.

Anonymous said...

Actor Michael Ian Black Uses Paris Terror to Mock U.S. Gun Laws Mid-Attack

Anonymous said...

A friend once asked me if i was investing in gold and silver. I said, "No, I'm investing in lead". It took him a moment before he smiled.

oughtsix said...

Here's something to consider:

Gold holds real intrinsic value, as does silver. They are worth something in terms of uses, one of which is real medium of exchange, universally recognized as... money!

The "price" of gold in "dollars" (fedresdebtbux or, worthless asswipe/firestarter) is an indication of the "value" of said fiat paper in gold, not the other way 'round.

An ounce of gold was once the value of a $20 paper note, said note buying you a $20 gold coin of one ounce, on demand.

If gold is now trading at $1080/oz, then a $1 bill is worth 1/1080th of an ounce of gold.

Before you dismiss gold (or silver), think really hard on these simple facts.All that wall street jabber is designed to enlist the credulity of the masses in the schemes of banksters/investment counselors and other liars.

Anonymous said...

I keep telling hubby to cash in that 401 K , forget the penalty and invest in as much ammo and weapons as he can get. Part of him thinks I'm kidding. I assure you I am not.

Bad Cyborg said...

.22LR ammo is going to be more valuable than gold if some authors are correct.

Side note: anybody know where I can get the precise specs to recreate M80 7.62X51 ammo? I have a good supply of 150gr FMJBT projectiles and a good supply of brass. Even have my own loading equip. I just need to know a combination of a - reasonably - readily powder type and the weight of powder to use. I know what DoD uses but have been given to understand that we mere civilians aren't allowed to purchase that powder. I'm looking for a decent suitable sub.

Anonymous said...

Don't cash in the 401K. The penalty is too high a price to pay. Just be aware of the success or failures of the way the 401K is invested and move the investments to better ones that are allowed within the rules of your plan. If you're successful doing that, when you retire you'll be able to acquire all those other things and pay your other bills, too.
- Old Greybeard

Chiu ChunLing said...

.22lr is reloadable, the tools aren't even all that expensive compared to normal reloading rigs. Most people don't reload them because you only save pennies a load even with the recent abnormal shortages and gouging.

But in a survival situation the overall lower cost per round compared to more powerful ammo would make it worthwhile.