Dear Preppers and Survivalists,
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J.M. Bullion
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General Electric
Way back in August 2016, I bought a few shares of GE at around $30 a share. The stock had been trending up and the price dipped, just a little, so I thought it was a good purchase.
A year later, in August 2017, I bought a few more share at $25 a share. This time, my thought was 'Buy 5 get One share Free.' Plus, that almost a dollar dividend looked a little bit more attractive.
Recently, I purchased a few more shares, at almost $18 a share. The dividend has been halved to 48¢ a share, and GE stock went down, just a bit to $17.60.
Now, before I begin, I want you to understand that I'm not this Fat Cat with a lot of stock, trading back and forth, making more money, in an hour, then most people see (including me) in a year.
Producing
Now, I could have taken that same money and bought some silver which is selling for about $20 an ounce from various sources.
But, ... I didn't and there is a reason why.
First, silver and gold don't produce money like a rental house, a certificate of deposit, or a dividend paying stock like GE.
Second, silver and gold aren't easily exchangeable. You have to find a trusted buyer (someone that isn't going to rob you, during the exchange), take it to them, and usually pay a fee in the process.
Third, the silver and gold could be fake, if you don't purchase it from a trusted seller.
Yeap, there's some downside that most folks kind'a gloss over when it comes to silver and gold.
Rounds
Now, some people will suggest buying 'rounds.' These are 'coins' that aren't really coins, but private minted round silver thingys .
Notice, I put the first 'coins' in air quotes because "If" the rounds are fake, there is nothing you can do. Like you can with a coin, minted by a government such as These United States, Canada, Great Britain, and several others by making a complaint to the Treasury Department about receiving counterfeit money.
About this time, people that sell rounds are going to get all angry with me, call me a liar, and ... probably never read me again.
Oh, well 'cause the truth is, the Secret Service isn't going to investigate a fake round produced by a private mint.
Eat It
Now, like anything else, except food, your family isn't going to be able to eat it.
That's right, ... All the money in the world can't buy a staving family any food, if people aren't selling
So, ...
You need to make sure you and your family have enough food to cover the events that you're planning for.
How Much?
If you're going to follow old government recommendations, you need to store three days worth of water and food.
For current government recommendations, you and your family need to set aside two weeks worth of water and food.
If you think things could get a little worse, your family needs to properly store three months worth of food.
If you think tings can get really bad, you need to store one year worth of food, usually basic foods like dried beans and white long grain rice.
If you think things can get really, really bad then you and your partner need to store three to five years worth of long-term food storage.
Ooooh
You thought I was going to tell you how much silver and gold you and your family should own for the tough times ahead.
Well, ... Let's talk about it.
First, according to one source, if we took all these United States dollars divided by the total number of ounces of gold, ever removed from the ground, there would be over $100,000 for every ounce of gold.
So, ... You and your family should have one ounce of gold for every $100,000 in your retirement fund.
Do you have $250,000 in your 401K account, using this suggestion, you would need two and a half ounces of gold.
Silver
Since the silver to gold ratio traditionally runs 50 ounces of silver for every ounce of gold, you would need 50 ounces of silver for every $100,000 in your retirement fund.
Right now, it is about 78 ounces of silver for an ounce of gold, so you would need 78 ounces for every $100,000 in your family's retirement funds.
Second
Several sources quote a long ago publication that talks about folks paying the border guards an ounce of gold to get their family safely across the border.
So, ...
If you have a family of four, you would need four ounces of gold.
Third
I tired, so I'm going to bed.
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