Do I Prepare for a Recession/Depression? :: Ultimate Survival Preparedness


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Glo Bees LLC :: Ultimate Survival Preparedness - Units, Paks & Kits :: Do I Prepare for a Recession/Depression?

Do I Prepare for a Recession/Depression?

Since the middle of September, the demand for our long storing foods and supplies has been very high. We are shipping orders as fast as possible but supplies are disappearing quickly.

Being prepared means getting ready before you need it, not afterwards when the panicking crowds will find out that they are too late. The supplies will all be gone. I have seen it many times in my over my 24 years in this business. It could happen again at any moment. Am I suggesting to you to sell all your stocks, bailout of your 401k's and IRA's? NO! I'm simply saying, whether it is an economic crisis, earthquake, etc, be prepared with an emergency backup plan with a portion of your assets as your own personal safety-net.

Disasters, job losses, economic strife, etc. do happen to good people in both good times and bad. It is simply prudent to be prepared as best as you can for life's curve balls.

If we could sit and chat in my office for just a few minutes (my wife would tell you that you'd be here much longer than that) we'd talk about what I'm currently recommending to my friends and clients.

So below are my 4 "quick list" recommendations for you to do now if your haven't done so already.

So what am I recommending to my clients right now?

1) STORE FOOD. It's the only INVESTMENT you can eat. If you have not done so yet, get a 6 month to 1 year supply food emergency food for each family where possible. Whether it is a Stock Market crash, job loss, or natural disaster, an emergency backup plan is always a wise INVESTMENT.

Even a few month food reserve is better than nothing. This could be a be with a combination store bought non-perishable foods and long term freeze-dried or dehydrated foods.

Mountain Food's 25 year shelf-life freeze-dried foods are my #1 Recommendation. Not only do they store longer than any other food product, they are excellent tasting and super easy to store Emergency Food Reserves.

By far, this is my top PREPAREDNESS RECOMMENDATION. If you have not already put together or purchased an emergency food reserve, do it right now while supplies are still available and before prices go up!

Food supplies are always made to meet current demand with little back-stock. When the panic sets in and you see the story on the 6 o'clock news, it will be too late. It will be like trying to buy insurance when the house is on fire. It will be too late! Please, do not delay this VITALLY IMPORTANT STEP! Your family is depending on YOU!

2) STORE EXTRA LIFE NECESSITY 'BARTER' GOODS: You know, things like toilet tissue (ESSENTIAL! Just think how life would be without it), hand soap, deodorant, shampoo, shaving razors, tooth paste, feminine hygiene items, child diapers, etc.

These items can be purchased in bulk and rotated and replaced throughout the year. Great inflation hedge.

3) HAVE CASH $ ON HAND. GET LIQUID. What if there is a 'bank holiday' where the FED temporarily closes all nations banks due to a "run" on the banks (like what we saw happen to the INDY bank in California). It could happen again.

Now don't get me wrong. I'm not suggesting cashing out of everything, just get more liquid.

I highly recommend a "cash" reserve of 1 to 3 months living expenses stored AWAY from your bank. Keep this low key for safety and do not tell anyone about it. I suggest going to another bank branch where no one may know you personally (tellers some times talk to others). It is your emergency backup fund.

Get only $1, $5, $10's & $20's for this reserve. No $50's or $100's. You may not be able to get change easily. If you want to take out more, assuming you have more, see recommendation #4 below). Only takeout less than $10,000 at a time to avoid bank reporting rules.

4) GOLD & SILVER RESERVE. Not for the faint of heart (neither is stock for that mater). Gold is not so much an investment, but a holder of value over time. It is a hedge against a banking collapse and future inflation. In tough times, it always goes up.

Back in the 1920's, a $20 one ounce gold coin would purchase a fine men's dress suit. Today, that same $20 one ounce gold piece could still buy a very fine men's suit (or more).

HERE'S MY GOLD & SILVER RECOMMENDATIONS: Buy silver 90% Junk Silver first. These are U.S. 10, 25 & 50 cent coins minted in 1964 or before. They are available at most coin stores and many pawn shops and are sold by the single coin or bag (bags can be anywhere from $100 face value to $1,000).

Check the internet for their current pricing. Call around and get price quotes. At this writing, they are selling for around 9x face value ($1 face = $9 cost). Costs will fluctuate daily.

Another great way to store silver is with privately minted 1 ounce silver round coins (A-Mark, Englehart, etc.). Silver rounds typically sell for about .40 to $1 over the 'spot' silver price. The U.S. Silver Eagles are way over priced at $2 to $3 over spot.

Both the 90% junk silver coins and 1 ounce silver rounds are easily sold and traded anytime.

As for gold, ONE OUNCE American Double Eagles or Canadian Maple Leaf's are my favorites. You will pay a few dollars more for the Eagles, but you will also realized a slightly higher resale value when you sell them too.

You will usually pay somewhere around $40 - $60 over spot depending on market demand and dealer premium. I do not recommend bars of gold or silver. Also forget about rare coins. Not nearly as liquid to sell.

You can usually get these coins in small qualities from local coin stores and some pawn shops, or for larger purchases, from companies like MONEX Precious Metals at 1.800.949.4653 x2546 (Bryce), or www.goldsilverbullion.com (Dave). Both companies will treat you good. (I get no commissions or kickbacks from either company)

Well, these are my top recommendations to meet the possibility of tough times ahead. They are not all inclusive, but a great start.

Just remember the four "G's": Gold, Guns, Groceries and God, not necessarily in that order.

Will Rodgers once said, "Invest in inflation. It's the only thing going up". Pretty good advice, especially today!

Be Ready...Be Prepared!

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