Well, maybe there is no 1:1 hedge against the apocalypse (as far as money is concerned)... In his book, Pit Bulls, Marty Schwartz explains how he had gold bullion stored in a safety deposit box. On one occassion he felt the US economy was near collapse and describes lugging a briefcase full of gold bars through the streets of NYC. Does anybody else put their wealth into some other item of stored value? Recent corporate scandals and that ever present"uncertainty" has convinced me that the money I have in my brokerage acct is all the money I want exposed to the markets. I know real estate will be a big answer here, but many people don't want the hassle of owning and maintaining land/buildings. I'd like to know what other ETers think. -cheers- Karl
In apocalyptic conditions I would thing the best thing to have would be enough ak47'S and ammunition to outfit your own army.
I'm afraid I have to agree. If there's a loss of civil order, gold bars will do nothing for you except attract armed attention. I vote for guns and ammo as well. Take the time now to learn to hunt game, dress deer, etc. Don't bother stockpiling gold.
http://www.cabelas.com/ great prices on bulk. 223 and 7.62X39 and they come in waterproof rubber sealed containers.
LOL, the day I actually go out and buy a firearm is the day we start another round of irrational exuberance. I'll post when that happens.