Wednesday, October 30, 2013

Hedging My Bets with Gold

So most preppers arent big fans of the stock market and I can understand why. Typically, its a monstrosity that is influenced by politicians and a$$holes with money. While I dont really like the whole situation either I recognize the fact that the stock market is about the most effective way to make your dollar grow over time. Stop and think about it for a second. Overall the politicians are going to do everything in their power to make sure they make money and that their buddies make money if its within their power to do so, so get on the train and ride.

Currently the stock market is enjoying record highs which allows the pessimists/realists of the world, like ourselves, a great opportunity. Stock market 101: If stocks are on a roll, generally speaking, money safe havens like gold are cheap. Now, if you are a prepper you naturally believe that things at some point are going to come crashing to a halt. Now, there are only so many beans, bullets, and bandaids that you can buy. Take some time and look into buying a gold ETF now.

An ETF is an exchange traded fund and is bought and sold like a stock but is actually a fund that consists of many stocks to allow for diversification. Right now the IAU iShares Gold Trust is around 12.50 a share. A few months ago it was trading at an all time high of $20 per share. I fully believe that we're going to get trapped into this government shutdown nonsense in a few months again anyway. The stock market will fall off its current record highs and the sheeple will start hiding their money again. When this happens gold will go back up and you can make a few extra bucks.

We as preppers tend not to follw the sheeple and are pessimists in general. We might as well try to profit a little off of this screwed up contraption that we call government and the stock market. Besides, who wouldn't like a few extra bucks to put toward a new Barrett .50 right???

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