Author Topic: It’s Getting Ugly: Economist Says Hoard Gold & Scotch  (Read 2797 times)

Bindare_Dundat

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It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« on: February 17, 2009, 08:40:00 PM »


Respected economist John Williams, editor of ShadowStats.com, a popular website that tracks real inflation figures, is advising that people hoard physical gold as well as food items in bulk so that they have some means with which to barter as the economic crisis turns ugly.

“Three or four years into the future I think we could be in a hyperinflation, within the current year you’re going to see much higher inflation than most people are looking at,” Williams told MarketWatch.

Williams said that his definition of hyperinflation would be a situation in which a $100 dollar bill would become more functional as a piece of toilet paper than a store of value.

“This is a time when you want to preserve your wealth and assets because inflation will knock the value out of it,” he added, advising that people buy physical gold and assets other than the U.S. dollar.

“Then when the hyperinflation hits you’ll see disruption of normal commerce, you won’t have enough $100 dollar bills to buy what you want,” said Williams, adding that items to barter with, such as a bottle of scotch, would be more valuable than actual cash, even in large quantities.

Williams said that such items should be procured now in bulk so people had some means with which to barter and get them through rough times.

At least as far back as April 2008, six months before the collapse of Lehman Brothers and Bear Stearns, Williams predicted that the world economy was entering a phase of “hyperinflationary depression” that would peak in 2010.

In a hyperinflation special report, Williams said that the U.S. was on an irreversible course of “financial armageddon” that would likely lead to “extreme political change and/or civil unrest”.


MB_722

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #1 on: February 17, 2009, 08:41:46 PM »
there is going to be alot of crime  >:(

JBGRAY

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #2 on: February 18, 2009, 03:22:10 PM »
Who the fuck can afford gold anyways?  The mints and private dealers are selling at a $1k per troy ounce......if you can even get it without waiting months or having to pay ridiculous markups to buy the stuff on site.

Soul Crusher

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #3 on: February 18, 2009, 03:33:30 PM »
I have bought a lot of brass and lead lately.   :)

They have a long shelf life.

headhuntersix

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #4 on: February 18, 2009, 03:37:02 PM »
Yes...yes they do, and they allow u to take other peoples gold if u really want to. Of course if ur drinking that scotch u might have a harder time delivering that lead correctly.
L

Soul Crusher

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #5 on: February 18, 2009, 03:39:22 PM »
Yes...yes they do, and they allow u to take other peoples gold if u really want to. Of course if ur drinking that scotch u might have a harder time delivering that lead correctly.

Strictly .223, 9mm, and 12 guage 00 Buck..  I have a few .308 as well.

I heard dry food has a long shelf life too.

headhuntersix

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #6 on: February 18, 2009, 03:48:11 PM »
Yeah ur right u can be drunk as a skunk and hit something with a shotgun. U keep stocking up...I'll fight my way toward ya. If u could take over a decent pizza joint and get an Italian pastry chef while ur at it, that would be great.
L

Soul Crusher

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #7 on: February 18, 2009, 03:50:47 PM »
Yeah ur right u can be drunk as a skunk and hit something with a shotgun. U keep stocking up...I'll fight my way toward ya. If u could take over a decent pizza joint and get an Italian pastry chef while ur at it, that would be great.

I am tired of Italian food.  I grew up on it.

shootfighter1

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #8 on: February 18, 2009, 03:52:34 PM »
You can never tire of Italian food!!!

JBGRAY

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #9 on: February 18, 2009, 03:54:02 PM »
Shit, I'm having a helluva time finding bullets too.  I was able to nab a few .44 boxes, but due to the upcoming tax increases, they're flying off the shelves.  Its a great time to be a gun store owner.

Ganuvanx

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #10 on: February 18, 2009, 03:54:42 PM »
I have bought a lot of brass and lead lately.   :)

They have a long shelf life.

Smart man. It will be worth more than gold in a short time.

Soul Crusher

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #11 on: February 18, 2009, 04:00:28 PM »
Smart man. It will be worth more than gold in a short time.

www.sportsmansguide.com

Best prices on ammo.

headhuntersix

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #12 on: February 18, 2009, 04:05:56 PM »
I am tired of Italian food.  I grew up on it.

Yeah well I did to and i'm in KC. There are some decent resturants but its not "Little Italy" or "the North End"
L

Soul Crusher

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #13 on: February 18, 2009, 04:06:53 PM »
We have a pizzaria on every freaking block corner where I am. 

Its ridiculous.   

headhuntersix

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #14 on: February 18, 2009, 04:11:51 PM »
Well asshole I'd kill for that......... >:(


 I ordered some spaghetti with marinara sauce, and I got egg noodles and ketchup. ..

                                                                                   Henry Hill..Good Fella's


 ;D
L

Soul Crusher

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #15 on: February 18, 2009, 04:15:25 PM »
Well asshole I'd kill for that......... >:(


 I ordered some spaghetti with marinara sauce, and I got egg noodles and ketchup. ..

                                                                                   Henry Hill..Good Fella's


 ;D

Ha ha.  My favorite movie.  Its wierd living and growing up where all those things took place and knowing people even now that are from central casting for these types of movies.

I liked that movie with Pacino and Depp almost as much.   


headhuntersix

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #16 on: February 18, 2009, 04:19:04 PM »
Donny Brasco was great..but we finally got our own with " The Departed". My uncle was a Mass State Trooper so i could really appreciate it.
L

Soul Crusher

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #17 on: February 18, 2009, 04:34:06 PM »
Donny Brasco was great..but we finally got our own with " The Departed". My uncle was a Mass State Trooper so i could really appreciate it.

Fuggetabout it!

SAMSON123

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #18 on: February 18, 2009, 04:56:33 PM »
there is going to be alot of crime  >:(

No there won't , because nothing will have any value.
C

Soul Crusher

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Re: It’s Getting Ugly: Economist Says Hoard Gold & Scotch
« Reply #19 on: February 18, 2009, 05:08:50 PM »
No there won't , because nothing will have any value.

Food.