Investment advice
A friend of mine mentioned yesterday that he’s investing in gold.
He seems to think the whole world economy has only begun to go to hell in a handbasket. He thinks the worst is yet to come.
Because he thinks Obama will win the election.
And Obama might.
Yes, my friend is right: If Obama wins, things will only get worse.
And perhaps my friend has the right idea: invest in metals.
Only, I don’t think I’m going to invest in gold.
I’m thinking steel, brass, and lead.
(42 votes, average: 4.90 out of 5)
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October 28th, 2008 at 5:15 am
I have serious plans to get another couple of shotguns and start stockpiling ammunition for every pistol and long gun in the house. I may not need it. But I would much rather have it around.
October 28th, 2008 at 5:26 am
Yeah, gold is for anti-Semitic Ron Paul nutjobs
October 28th, 2008 at 6:15 am
As long as I have plenty of Ammo, food, and a secure place to sleep, sooner or later I’ll have all your friends gold too!
October 28th, 2008 at 7:25 am
What’s wrong with gold?
October 28th, 2008 at 7:32 am
I started buying gold a couple years ago at 400 an ounce. It’s worked out ok for me and I continue to buy…
October 28th, 2008 at 8:22 am
Nothing’s wrong with gold. It’s shiny!
Although rhodium is a good bit more valuable.
October 28th, 2008 at 8:23 am
You’re all just a bunch of ignorant honkeys clinging to your religion and guns….
And to say different is racist!
Thank you,
The Obama Campaign
October 28th, 2008 at 8:57 am
Racist!
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October 28th, 2008 at 9:47 am
I have 10K of 5.56fmj. Ya think that’s enough?
October 28th, 2008 at 10:20 am
You would do better investing in land, tools, food, fuel… anything to help you live more independently.
October 28th, 2008 at 10:48 am
My goal by age 65 is to have a cabin somewhere with a greenhouse, pond, and solar/wind array, and enough land to grow crops for ethanol. This is made a doubly good idea based on where the economy and culture are going over the next couple decades, but the key, core reason is that even if NOTHING goes wrong for 40+ years (HA!), I’d like to live somewhere that could be sustained regardless of fuel, power, water, food, or rent costs. If I manage to put all that in a red state with a moderate climate, the one remaining cost (taxes) may not be as bad as well. If I’m 65 when it’s ready and I get materials that last 20 years, that ought to about cover it. The only loose thread is medication, so I try to live healthy now so I need as little as possible then.
October 28th, 2008 at 11:06 am
I’m with you Kent. The way I see it, if the world ends tomorrow, Iowa farmers would be the last ones to know. And they would be fine.
October 28th, 2008 at 11:51 am
Should I be stocking up on amo? It’s possibly about to get ugly here.
October 28th, 2008 at 11:55 am
Obama administration + Aging babyboomers + nationalized medicine = Invest in funeral services
October 28th, 2008 at 12:21 pm
ELKnight: You won’t need funeral service. Obama and Billl Ayers will be providing group crematoriums. It will take too long to get rid of 25 million bodies. The three precious metals are Gold, Silver and Lead, mostly lead.
October 28th, 2008 at 1:32 pm
Does anyone else think it’s deeply f**king sick that our election is between a man tortured for five years by communists and someone who spent his whole life learning from them, and the latter is ahead in the poles?
If McCain can live with being tortured by communists for five years, there is hope the rest of us will survive four.
ELKnight – brilliant, accurate, terrible. Don’t think it hasn’t crossed my mind. Why do you think I have no plan for living past 85?
October 28th, 2008 at 1:55 pm
I’m investing in tin cups and pencils to offset my wealth redistribution.
October 28th, 2008 at 5:58 pm
I’m growing beets, carrots, potatoes, peas, spinach, lettuce, etc., and am starting The International Vegetable Bank. Deposits are in vegetables, loans are in vegetables. The unit of exchange is the potato with a table of conversions (equivalences). Right now, the interest rate is one potato per ten per year – or zero depending on if I eat your deposit or not, in which case your account gets wrapped in paper and sold to neighbors and you’ll need some government to bail you out.
October 28th, 2008 at 6:10 pm
The problem with investing in land is that the guvmint can take it from you, but you can hide gold and wait for the gesta… the guvmint to change.
October 28th, 2008 at 6:14 pm
I’m investing in black and dark-blue canvas-like material and industrial sewing machines.
Don’t you agree that American women would look lovely in burqas?
October 28th, 2008 at 6:21 pm
I have a nice stockpile of guns, ammo, and Ritz crackers. I should be fine.
October 28th, 2008 at 7:51 pm
Mateo R has an interesting problem. Mateo, having grown up in a medium-sized, liberal city, here’s what you need to do. Start charting (counting) Obama zombies (Democrats). If the rate approaches 10 per hour on any street corner, you need more ammo. Fortunately, I now live in the sticks and can get by with very little while I refurbish my tank.
October 28th, 2008 at 9:02 pm
Own some gold, but make it stuff like the old South African Kugerrands.
I am buyning metals, especially in the form of hi-cap 30 & 40 rd magazines. You should have 20-30 per weapon.
10K rounds per weapon is the suggested stockpile.
That is for magazine fed weapons, higher for belt fed of course.
I am looking for an NFA legal M60 and will trade an NFA legal M1919A4 with mnt and an NFA legal TWR M14. All State and federal transfer laws must be followed!
FA weapons are GREAT investments!
October 28th, 2008 at 10:08 pm
I know!
I’ll get a golden gun that shoots silver bullets. That way I can kill two birds with one stone.
PS – bird is a code word for hippie.
October 28th, 2008 at 11:04 pm
I’m investing with Basil.
October 28th, 2008 at 11:46 pm
I read somewhere that gun and ammo sales are up 8 to 10%. There were a lot of shoppers at both Gander Mountain and the pawn shops last Friday.
October 29th, 2008 at 8:18 pm
Most of the people around here have been investing in lead futures for some time now.