- Got a subscription to Gary North's site; read every day
- Buying silver and gold
- Doing my best in this crazy stock market (no, I haven't done as well as I'd like, in case you wanted to know. But I certainly haven't lost money like pretty much everyone else has. No, I won't tell you my portfolio).
- Buying up lots of canned and dried food for storage (wish I had a house so I'd have more room...)
- Bought up a lot of dried seeds for a garden, just in case. Also bought an organic gardening book. Personally, I think the organic movement is gay, but in a meltdown I'm not gonna have access to pesticides and fertilizer. Better know how to cope.
- Buying up large, tradable supplies of goods that would be perceived as being valuable during a serious crisis. If you can't figure out what that means, I'm not gonna elaborate.
- Basically trying to spend down my cash reserves on items that I can easily resell or trade. I expect inflation. I don't want to be sitting on a lot of cash. This is very difficult for me, as I'm a spectacular tightwad.
- Plan on buying food preservation (e.g. canning and jarring) literature and supplies, but haven't done this yet.
- Keeping an eye out for desirable real estate: cheap, out of the way, large enough for subsistence farming.
- Buying up storable consumer goods (clothing and the like) before prices rise. See the fantastic (and free!) book, The Alpha Strategy for a guide to doing this.
Friday, January 23, 2009
How I'm Preparing for the Crisis
I've been asked a few times lately how I'm preparing for the coming crisis. Sadly, I would have to answer not too well, considering all my commentary here. I'm renting a tiny apartment now, and it looks like I'll be moving soon to another state and living in a new, tiny apartment. This lifestyle is not conducive to the acquisition of stuff and planning for economic meltdown, especially with a job that is not necessarily a stable one. Nevertheless, we play the hand we're dealt, so I'm doing what I can with what I've got. The very best resource on this, in my opinion, is Gary North's site, Specific Answers. If you are serious about planning for this, you will fork over the $15/month. Yes, most of what I say is along the lines of what you'll find there, but a great deal is omitted, and a great deal is in direct opposition. The plain fact is: you'd be better of by leaps and bounds listening to him than me. He's an expert, I'm an amateur. Don't be cheap. You WILL regret it. That being said, here's my list, as applied specifically to me: