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I have a small amount of gold and silver just for that purpose. However, in recent years I think I found something worth investing in, something that will always be fungible, easy to barter with.
Name brand alcohol. I have several cases in safe storage. If the shit hits, all I need is a crap table and some desperate women and I'm in business!
Lol
Seriously, someone will always want whiskey, or vodka, or scotch or rum ect....
Not a bad idea!Name brand alcohol. I have several cases in safe storage.
A radio controlled toy Ferrari? Wish I would've done that. Seriously, I agree with what your saying.Yes, it does. It's not a simple case of "gold will be worth this much"....
Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO
Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.www.kitco.com
It's changed -3% in the last 30 days
-6.55% in the last 6 months.
+11.5% in the last year
+546% in the last 23 years.
Obviously the dollar has fluctuated in this time too.
The dollar is up $0.01 against the Euro for the last 30 days
Up $0.02 against Euro for the last 6 months
Down about $0.1 against the Euro in the last year.
Though there was a huge fluctuation last summer, went from $0.81 to $1.04 from January to end of September last year. That's a 28% increase, much higher than gold.
And that's against the Euro. Inflation has impacted most western countries.
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 3.5% for the 12 months ending March, compared to the previous rate of 3.2%, according to U.S. Labor Department data published on April 10, 2024. The next inflation update is scheduled for release on May 15 at 8:30 a.m. ET, providing information...www.usinflationcalculator.com
Inflation going up 9.1% in a month, your gold isn't going to inflate that much, it's going to keep its value compared to inflation, rather than compared to the dollar (which inflated).
In August 2022 your gold went for $1,747 per ounce
In August 2023 your gold went for $1,897 per ounce
In August 2023 your $1,747 per ounce from 2022 went for $1,811
So, one ounce of gold bought in August 2022 would have earned you $86 compared to inflation, you could buy yourself a toy Ferrari with that.
I have some. I use it for extractions and since it's just vodka, I like it too. Half the amount still makes a nice lemon drop.
I cannot imagine a time when alcohol will not be in demand.Yes, though the problem is some things might stop being worth something. Everything is a risk. Diamonds.... they're creating fake diamonds now, and we can go to space and maybe mine diamonds... both could, potentially, crash the market. Same with gold, same with whiskey.
In a tight spot anything will sell.
You'd be better off buying a shitload of Everclear.
I cannot imagine a time when alcohol will not be in demand.
Not exactly vodka, but it does only take half as much, I'm not a big fan of alcohol myself so half as much goes down easier.I wouldnt say it's vodka exactly It being 190 proof.
If I have bottles of good whisky I'm keeping those for myself.
Don't forget the bottle itself. It's already sterile...it'd be great for clean water storage after it's empty.
Gold is good for inflation. Inflation is your biggest problem. It's bad if you have negative inflation, but over time it should pan out.A radio controlled toy Ferrari? Wish I would've done that. Seriously, I agree with what your saying.
www.bls.gov
www.macrotrends.net
I worked for the world's largest winery for over 3 decades and that is true in my experience. When times are good, people celebrate. When times are bad, people drown their sorrows. Win-win for the alcohol industry.I cannot imagine a time when alcohol will not be in demand.
Not exactly vodka, but it does only take half as much, I'm not a big fan of alcohol myself so half as much goes down easier.
LOL, put a rag in the mouth of the bottle and light it and you have a molotov cocktail.That and Everclear can be used in a lot of ways it being 190 proof.
I cannot imagine a time when alcohol will not be in demand.
Gold is good for inflation. Inflation is your biggest problem. It's bad if you have negative inflation, but over time it should pan out.
I haven't looked into it much, it's just an educated guess and I worked that out. If I were really serious I'd take the inflation calculator and the gold price and whack them into excel and see the increase... I bet it's pretty good.
CPI Inflation Calculator
Gold Prices - 100 Year Historical Chart
Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.
No I don't. Half a shot in a glass of lemon juice, with ice. Hell sometimes I can drink two in an evening. Not much of a drinker here.I wouldnt be drinking it straight....unless I had no choice.
We have a shitload of water and drink mixes,some kool-aid and Everclear and you're good to go.
LOL, put a rag in the mouth of the bottle and light it and you have a molotov cocktail.
No I don't. Half a shot in a glass of lemon juice, with ice. Hell sometimes I can drink two in an evening. Not much of a drinker here.
Well I don't have lemons either. But that Costco up in Flagstaff sells bottles of lemon juice by the case you know, and I have a fear of scurvy so I got some and put it in my storage.....lol. I have all kinds of stuff in those containersI agree I'd rather drink it like that but unless you live in Florida you're not likely to find lemons.
Well I don't have lemons either. But that Costco up in Flagstaff sells bottles of lemon juice by the case you know, and I have a fear of scurvy so I got some and put it in my storage.....lol. I have all kinds of stuff in those containers.
