Friday, January 19, 2018

Friday's Thoughts and Other Stuff (BitCoin)


Dear Preppers and Survivalists,


photograph by
nikoretro

History
I have written off and on about silver and gold, over the last ten years.

My thoughts haven't changed.

So, ... To recap.

First, why would someone sell you and your family the necessities of survival, during an event, when all they have to do is wait for you to die then they will have your family's silver and gold?

Second, silver and gold don't make money. You spend needed cash to buy silver and gold. Money that could be used to purchase investments that will make money, that you can spend on supplies and equipment for your family's preps.

Third, silver and gold are going to cost you money, extra money, for premiums. Plus, how do you know you're not getting ripped off?

Fourth, ... Dang, I forgot. Oh, well


Copper
Several years ago, someone said something like, ...

Gold is for Kings and Queens

Silver is for Manufactures and Business Owners

While, ...

Copper is for the working man and woman

Needless to say, these folks were suggesting that folks look into collecting copper coins because silver and gold were very expensive.


History, Again
Now, these folks thought that folks could go through their coins every night and pick out their pennies and nickels.

Why?

There are 2.95 grams of copper in every penny minted before 1982 (except for WWII pennies) and 3.75 grams of copper in every nickel (except the WWII nickels).

In other words, right know, a copper penny is worth 2.14 cents and a nickel is worth 4.21 cents. If inflation kicks in these two coins could be 'worth' more than their face value.

Needless to say, it's getting harder and harder to find copper pennies, so some enterprising individuals started selling copper ounces to go with their silver and gold product line.


Rip Off
Currently, silver is selling for $17.31 an ounce and gold is selling for $1341.40 an ounce.

So, ... Buying an ounce of copper for 99 cents seems like a bargain!!!

Until you do the math.


Currently
Copper is going for $3.20 a pound. A pound has sixteen ounces, so an ounce of copper should cost 20 cents an ounce.

Or, ...


Grams
There are 28.35 grams in an ounce.

So, ...

A penny minted in 1981 or before has 2.95 grams of copper and a nickel has 3.75 grams of copper.

So, ...

It would take 10 pennies to make an ounce of copper or 8 nickels to make an ounce of copper.

So, ...

That, so-called, deal of 99 cents for an ounce of copper isn't such a deal, after all.

Link:
Coinflation - United States Coin Values
http://www.coinflation.com/unitedstates/


Bitcoin
Everything written above was the result of reading an article about people getting ripped off by buying Bitcoin.

It seems, some enterprising individuals have been minting copper coins with the Bitcoin symbol and selling them for thousands of dollars to unsuspecting people.

Ha, ha, ha. 


Upside

I am a reflective thinkers, so I look back at the decisions that I have made in the past. One of them was BitCoin.

Several years ago, a Bitcoin was going for about $10, so a $1000 investment would be worth [($1000/10) x $11790] $1,179,000, today.

Oh, well ; - )


Downside
Like anything else, ...

An item is only worth what someone will pay you for it.

Take Beanie Babies.

Years ago, a $5 Bear now costs $50,000

With that said, ... A BitCoin, Ethereum, Litecoin, or other cryptocurrency has all the same problems as any other currency. It's only worth what folks will trade you for it.

Plus, these cryptocurrencies have a technology issue that everyone; but,... survivalists; ignore. They require computers, the internet, and electricity to hold their value.

Get rid of one of these or two of these things and cryptocurrencies are worthless.


Other People
Needless to say, you are reading GSiEP, so you get a decanting opinion.

Link:
Peak Prosperity - Jeff Clark: So How Many Ounces of Gold (or Silver) Should You Own?
https://www.zerohedge.com/news/2012-11-17/guest-post-so-how-many-ounces-gold-or-silver-should-you-own

Relevant Bible Teaching - 50 Things the Bible Says About Money
http://www.relevantbibleteaching.com/site/cpage.asp?cpage_id=140035785&sec_id=140001239


Lastly, ...
I leave you with a quote, from Herbert Hoover, ...

“We have gold because we cannot trust governments"

Link:
Gary North - Why Gold Owners Are Targets of the Government
https://www.garynorth.com/public/4857.cfm

Wednesday, January 17, 2018

Wednesday: 17 January 2018, Part Three


Welcome Preppers and Survivalists,



source
DeGolyer Library, Southern Methodist University

Research
When you and your family are purchasing equipment, it is important to do some research, especially for the expensive items, in you preps.

Why?

Just read the comments.

Link:
Shooting Illustrated - Review: Century Arms RAS-47 Magpul
https://www.shootingillustrated.com/articles/2018/1/2/review-century-arms-ras-47-magpul/


$1,899
Folks, it's an AR-15

O.K. ... It's an AR-15 with a pink purple trigger.

For the same amount of money, you and your partner could purchase two (Yes, Two) rifles from Target Sports then use the other $500 to purchase ammo or spend $200 for better furniture from Brownell's then buy some ammo.

Link:
Shooting Illustrated - Review: LWRCI Diadem AR-15
https://www.shootingillustrated.com/articles/2018/1/1/review-lwrci-diadem-ar-15/

Target Sports - Bushmaster M4 A3 Patrolman's Carbine
https://www.targetsportsusa.com/bushmaster-m4-a3-xm15-556-nato-rifle-90289-p-54236.aspx


DI vs. Tappet
Google, YouTube, and ... Wikipedia

Oooh, yeah, ... The AR-15 uses direct impingement

Link:
Wikipedia - Direct Impingement
https://en.wikipedia.org/wiki/Direct_impingement

Wikipedia - Gas Operated Reloading
https://en.wikipedia.org/wiki/Gas-operated_reloading

Wednesday: 17 January 2018, Part Two


Welcome Preppers and Survivalists,


photograph by
True Grade, LLC

Colleague
I work with a woman, and her family recently ordered a quarter cow.

A what?

Link:
New Grass Farm - Ordering Quarters, Halves, Whole Beef
http://www.newgrassfarm.com/ordering-quarters-halves-whole-beef

New Grass Farm -
https://s3.amazonaws.com/sfc-dynamic-content/uploadfiles/751/CustomerBeefCutOrderForm.pdf


Oldies
In a few short months, Getting Started in Emergency Preparedness will be ten years old,

In honor of this event, ...

I have collected, every Wednesday for the next year, a few blurbs from various places, such as ...


Safely Gathered In
Hannah and Abbie with Brittany, Aleasha, Sarah, and Tiffany provided wonderful advice and suggestions about gathering, storing and using food storage for you and your family. The six women also provided great, delicious recipes based on their food storage that their families eat at family meal times.

Link:
Safely Gathered In - Food Storage Friday: Chicken Pesto Pasta
http://safelygatheredin.blogspot.com/2009/01/food-storage-friday-chicken-pesto-pasta.html

Safely Gathered In - How To...Make Pesto
http://safelygatheredin.blogspot.com/2009/01/how-tomake-pesto.html


Food Storage Made Easy
Jodi and Julie have a wonderful blog with lots of information. They also have many tips, tricks, and recipes, for you and your family to use before, during and after an event.

Link:
Food Storage Made Easy - Shelf Stable Recipes: Chicken Tortellini Soup
http://foodstoragemadeeasy.net/2011/01/15/shelf-stable-recipes-chicken-tortellini-soup/

Food Storage Made Easy - Food Storage To The Rescue!
http://foodstoragemadeeasy.net/2011/01/13/food-storage-to-the-rescue/