greybeard
Well-known member
It's been over 2 years since Jogeephus logged on to CT...
Inflation
- Thread starter Spotted Brahma
- Start date
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SmokinM
Well-known member
Thats truly a shame too. I really enjoyed his posts. I hope he is well.
Dave
Well-known member
He is a friend of a friend on facebook. I notice them exchanging recipes from time to time. He appears to be doing well.
Travlr
Well-known member
That's the way the government pays off war debt and borrowed monies.
hurleyjd
Well-known member
It makes difference if you own land gold or stocks are anything else that you think might have value. To realize the value of any of it you have to turn it into $$$$$$$$. The road tax fuel is the cost of maintaining the roads. The reason for the higher tax on diesel is because trucks do more damage to a road than a automobile. Compare fuel cost today to fuel in 2011 and also the price of cattle in 2011.
backhoeboogie
Well-known member
Hurley I'm not sure I'm understanding your meaning here. If you have tubes of double eagles, a few tubes of francs, other misc coins, it's like having cash in your pocket less the brokerage fees. Way better than paper money.
hurleyjd
Well-known member
So are you going to a brokerage house to turn your valuable coins into $$$$ or more valuable coins. Is there a bank or ATM there to take your valuable coins in for $$$$. See my point there.
Caustic Burno
Well-known member
Precious metal is a hedge against inflation. It actually gains no more spendable value like interest.
If gold is 100 dollar an ounce when you buy it and a 1000 dollars when you sell it, they buying power of the cash is the same.
If gold is 100 dollar an ounce when you buy it and a 1000 dollars when you sell it, they buying power of the cash is the same.
backhoeboogie
Well-known member
Actually neither Hurley. I've had them for well over a decade. If I'm choosing between gold coins and paper, I value coins. That said there are nickels in my bank account to allow me to pay at the pump. Lots of cash right now from firewood and chick sales. Shame is oak wilt took out many trees. I'd prefer to still have the trees, kind of like the coins.
The could sieze up bank accounts at any time. It's kind of hard for them to just flip a switch and confiscate your tangibles. Especially things locked away in safes.
The could sieze up bank accounts at any time. It's kind of hard for them to just flip a switch and confiscate your tangibles. Especially things locked away in safes.
callmefence
Keyboard cowboy
When they freeze bank accounts the only thing you'll have of value will be your skills.....
backhoeboogie
Well-known member
CB I expect they'll be passed on when I pass on.
Your shoes probably wouldn't fit me. But you chose them to suit you. Not me. I respect that. Good to butt heads with you again. You always had value here.
None of us in this conversation have all our eggs in just one basket. Your investment advice was good. I acted on it about 6 years back. That one has done okay.
Your shoes probably wouldn't fit me. But you chose them to suit you. Not me. I respect that. Good to butt heads with you again. You always had value here.
None of us in this conversation have all our eggs in just one basket. Your investment advice was good. I acted on it about 6 years back. That one has done okay.
backhoeboogie
Well-known member
Greybeard Jogee was a good one. Don't know what drove him away but it seems many good ones are long gone.
Caustic Burno
Well-known member
Box of 22LR might be worth more than gold.
I had a boss that always said the only things of real value are water, food, (female companionship), and the ability to defend or take the first 3.
greybeard
Well-known member
3 are of value but only 2 are a necessity......
(The girls think the same about male companionship)
(The girls think the same about male companionship)
Dave
Well-known member
Things which you can barter will have value. Ammo, fuel, seeds, tools, along with precious metals. I really think that in this country food will be of the greatest value. With such a small percentage of the population having a clue on how to raise, preserve, and even cook food just how will the others feed themselves? If the economy truly collapses in this country there are going to be a lot of hungry people in a lot of trouble very quickly.
greybeard
Well-known member
Evidently, some people can't even cook a skillet of cornbread.........I know some that don't even own a skillet...
(I think they are probably members of the US commie party)
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Dave
Well-known member
I see pages on Facebook talking about living in the country vs living in the city. I am amazed at the number of people saying that there would have to be takeout.
kenny thomas
Well-known member
Jogee is fine as far as I know. I got a bag of pecans from him last fall through another x-member.
Little Joe
Well-known member
I bought a 4 hole rabbit cage yesterday, going to get a buck and 2 does and raise meat rabbits. By my estimates that set up should yield 60-70 fryers a year to put in my freezer. If crap gets bad it will be an easy source of protein. It's something I've always talked about doing , the current state of the world indicates the time is now. We are also planning a larger garden this year. I have a nephew in law going to hook me up with a nuc of bees this spring so I can try my hand at that as well. There's no better place to invest your money right now than in self sufficiency.
