Precious metals Too volatile, buy land for tax free investment (ag exempt) if you don't need the money quickly
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The American dollar!
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Originally posted by Puggy625 View PostI work with a guy that grew up in Bosnia during the war. He said that money was worthless. The best thing to have stockpiled during those times are liquor, cigarrettes, food and ammo. If you have those things, you could barter for anything else you need to survive. Some of his stories from that time are scary as hell, bit hilarious too.
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Originally posted by Playa View PostSo Fred the guy that wears overalls with no shirt and smells of stink bait who runs the beer, bait and ammo shop will become the most powerful man in the county?
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Originally posted by Livin'2hunt View PostIf things get that bad, ammo will be more valuable than gold or silver. Just sayin'.
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Originally posted by RiverRat1 View PostHere's my take. We (along with all countries) will continue to print money. Inflation will increase above average here for a while. Gold/silver will never be great investments is my guess. I do own a few 100oz silver bars though.
IF America currency goes plop so bad you NEED silver or gold then the entire world is plain screwed. In that case your silver won't do you much good anyway.
A better way to keep up with inflation IMO is a good mix of stock index funds and real estate. If you don't want to(or have the time) own rental property then buy ag exempt land. Land should keep up with inflation much better than cash in the bank.
this i think precious metals are a poor investment and if you think there is a real need for them because the dollar goes away the metal im investing in is .556 rounds
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Originally posted by txdukklr View Postthis i think precious metals are a poor investment and if you think there is a real need for them because the dollar goes away the metal im investing in is .556 rounds
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A man once explained to me that gold and silver is useless. If the american dollars gets to the point of no value, then so does the gold and silver. At that point its just what it truly is...just a type of metal.
Gold and silver are also not legal tender. Texas did put a bill in to change this but im unsure if it has went through.
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I think that putting dollars in a bank is pretty much useless after a point. You get no return so inflation will make your dollar worth less each year. So I have put money in other areas. Some in metals (about 10-15%) most in real estate and stocks. Metals for me are just to protect bank money from inflation. My main thing is don't purchase too many things that depreciate. If you must spend a lot on items that depreciate, try to set it up so you can deduct those lost dollars from the depreciation.
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