Forget Gold, Buy Twinkies and Bullets
What are you going to do to hedge against the coming collapse?
I have some advice for you over at PJ Media today:
“Why hedge the coming economic collapse with GOLD when you can do it with Twinkies?
With tens of millions of people out of work, utterly stagnant economic growth, and increasing government intervention (always an economy killer, duh! If it wasn’t an economic disaster the USSR would be the most successful country on earth and instead it’s
not doing very wellgone! Or North Korea, you know, that bastion of central planning and control, better known as the country that doesn’t have any lights! But I digress…) many Americans are worried about what to do if and when an economic collapse occurs. All the experts on TV and in the papers are saying inflation and other dire consequences are imminent, and they seem to have some evidence to back it up.How does the average person plan for this? How does one prepare for Argentinian style economic collapse? Myriad ads tell us to buy gold. Gold is a great hedge for inflation, it used to be our money and it was stable, yadda yadda yadda. I have to admit, gold is shiney and pretty, which is a point in it’s favor. But we no longer have an infrastrucure for using gold as money and it would take some time for that to redevelop. in the mean time you might be starving. So I say, better to hoard Twinkies and bullets.”
Read the rest HERE.
I disagree, there is infrastructure for gold and silver existing today and a lot which will rapidly spring into existence when it’s needed.
One reason why one wants to store value by hoarding a monetary commodity is that every other commodity has serious limitations such as bulk, weight, cost to store, spoilage, and of course rapidly falling marginal utility. Take water, for example. It is absolutely necessary for human life. But beyond some minimum amount, the value one places on the next gallon or liter is much lower than the value one places on the last.
Another is that the bid-ask spread is narrower than for other commodities. The frictional cost to get in and out of gold is lower, despite the government’s attempts to banish it.
Twinkies and bullets!??
No thanks, I’ve already served my time.
The jury didn’t buy it said I was responsible can you believe it.
I’d rather have an injector seat in a helicopter than mix those again.
Or remarry my ex.
Take laxatives at bedtime.
Trust Congress on spending!
How to survive the coming collapse?
Retreat deeper into interiors of Idaho.
Flyrod and gun.
Matches.
Leaving the Twinkies at home.
Come on Sunny: ‘a point in it’s favor’ ? Surely you mean ‘a point in its favor’?
You got me!!!! Shucks! Blushing.