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Better Than Gold or Silver

Written by Gary North on December 26, 2011

The next boom asset is here. It is scarce. It will experience rising demand. And it does well in recessions, not just inflationary booms.

As the economic crisis has worsened over the last several years we have made it a point to inform our readers about the possibility of a system collapse so severe that the regular flow of commerce comes to a screeching halt. Planning for such a far-from-equilibrium scenario, which may very well involve the collapse of a nation’s currency, requires that we consider alternative monetary vehicles to help us get through tough times. In What is Money When The System Collapses? we outlined several supplies that would become essential in a post-collapse world. Thing like food, water, gas, and clothing would become necessities not just for your personal use, but as barterable assets.

Prices have risen.

If there’s one thing you may have noticed about guns and ammunition over the last ten years, and especially since the economic and financial collapse of 2008, it’s that prices for these assets have steadily risen. Some may suggest this is a side effect of inflation, and while we won’t disagree that inflation has played a part, it is only a symptom of a deeper, more fundamental issue that is driving the value of these assets to historical highs.

This is unlikely to change. Demand will continue to increase.

The people have lost confidence in the government’s ability to mitigate this crisis and they have no trust that government officials have their best interests at heart. Recent developments on financial, economic, and political fronts have left aware and responsibility-minded Americans with no choice but to take their financial and physical security into their own hands. As a result we’ve seen sustained multi-year growth growth in the value of traditional wealth preservation assets of last resort like gold and silver. Moreover, and quite telling of the lack of trust the American people have in their government, there has been an unprecedented growth in the number of Americans investing in non-traditional stores of wealth that include assets like guns and ammunition.

For many, guns and ammo are the new gold and silver. Historically these assets have retained or increased their value, while also serving a practical purpose for post-collapse emergency preparedness planning.

When something is legal to buy, but which could become illegal, buy it.

When something is already in short supply, buy it.

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One thought on “Better Than Gold or Silver

  1. Frank USMC says:

    Invest in metal, buy lead! As in ammo!