Texas Jim Posted February 25, 2012 Report Share Posted February 25, 2012 Just thought I'd pass along some advice my broker gave me today… I called him this morning and asked him what I should be investing in as I feel interest rates are going to be rising as they did during the late 70's early 80's. So... I told him I thought we ought to be looking to get out of bonds and finding a safe haven in which to invest. I asked him, “Should we move to precious metals, foreign currency or what?” He responded, "If the current President is in office much longer, canned goods, water and ammunition are probably your best bet." Link to comment Share on other sites More sharing options...
Ranger Posted February 26, 2012 Report Share Posted February 26, 2012 That may not be far from the truth as I seem to recall ammunition was in short supply right after he got elected. Link to comment Share on other sites More sharing options...
Texas Jim Posted February 26, 2012 Author Report Share Posted February 26, 2012 That may not be far from the truth as I seem to recall ammunition was in short supply right after he got elected. Yes it was.. and it was VERY expensive.... Prices still haven't came back down to where they were before he got elected. I kinda need another couple thousand rounds... but have been mostly waiting for prices to drop a little more. Link to comment Share on other sites More sharing options...
WarrenJ Posted March 1, 2012 Report Share Posted March 1, 2012 Texas Jim, I thought of you today when I saw this on an investment site: Warren There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises Link to comment Share on other sites More sharing options...
Texas Jim Posted March 1, 2012 Author Report Share Posted March 1, 2012 Yep... he would be JUST A LITTLE BIT out of place... LOL Link to comment Share on other sites More sharing options...
GTOken Posted March 1, 2012 Report Share Posted March 1, 2012 He responded, "If the current President is in office much longer, canned goods, water and ammunition are probably your best bet." I agree. I need to stock up on all of the above. grumble grumble.... Link to comment Share on other sites More sharing options...
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