How Do We Protect & Insulate Ourselves?
Of all the discussion and debate relating to politics, economics and the direction of the country I am always left asking myself one question..."How do I insulate myself and my family when the inevitable collapse begins"? I am a 38 year old professional, married with kids, live in the suburbs and have a good six figure income. As much as I may find the prospect of "Going Galt" romantic and attractive, the fact is that I have real obligations and limitations that confine what i'm able to do. The majority of my "wealth" is in my 401k which is invested in the market and well diversified. We have no debt to speak of other than the mortgage and one car payment, so the finances are sound. I've entertained Gold and precious metals but the fact is that Gold is probably already in a bubble. Do you go buy a cabin in the mountains and stockpile supplies? Do you pull your money out of the market and put it in a "Stable Fund"? Do you just stay the course and write letters to your Congressman and Senator and hope for the best? I am interested interested in real viable strategies to protect my family and my assets while remaining engaged in society. I welcome your thoughts.
1. First of all, forget about "going Galt" in any literal sense. Unless you're a millionaire or better and have been reading Doug Casey's newsletters for at least a year, you're not anywhere close to being able to do it. You might be able to move to Texas, though, and hope they secede before things get too dark. IF you can stand living in that stinkhole.
2. Yes, Gold IS the answer. But you're a little too late. You might think about buying a bag of 90% silver US coins though. Gasoline is still between ten and twenty cents a gallon if you use pre-1965 US coins to pay for it.
3. Forget about a cabin in the mountains. That's Hollywood BS. I LIVE in a cabin in the mountains. Guess what? You can't grow any food up here. The soil is too poor and the growing season is too short. It seems like everyone in this gulch is "prepping" (or at least claims to be) but the reality is that we're all going to starve to death up here when the SHTF. I'm looking into moving down lower.
4. There was a speech given by a Russian named Dmitry Orlov some years ago called "Best Practices for Societal Collapse." You should be able to find it with a search engine. I highly recommend enduring the whole thing. Some of it is BS but quite a bit applies to our present situation.
My big takeaway from Orlov's speech (from memory; I hope I'm getting this right): You will need five things: Food + water. Shelter + defense. Energy (primarily fuel). Medical Stuff. Transportation.
Think through how each of these will be affected in your geo and make a plan to provide for each. That last item in particular is going to be really tricky for those of us who do not own a horse and enough land to feed it.
You don't have to go "all in" gold, or anything else. Just buy one coin or bar (I prefer coins made by some country's official mint; they're much safer from being counterfeited)!
Or buy one bag of 90% silver. Then watch the markets and get a feel for how they move. After a while, you'll get a good feel for which moves to make, and when.
If you don't yet own a gun, buy just one. Think about your needs and whether it should be a handgun, rifle or shotgun. Then get comfortable with it before buying another, preferably one of the other types.
Small steps until you're confident that you know what you're doing.