Just in case it becomes a necessity. Remember, they had to do it in Zimbabwe (their government also printed money at record-brealing levels).
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Category: Economy
Jim Sinclair – Gold Milestone at $1,764 Paves Way to $12,000
With gold hitting new all-time highs yesterday in dollars, euros and pounds, today King World News interviewed legendary trader Jim Sinclair and Dan Norcini to get their take on where things stand in the gold market. When Sinclair was asked about the action in gold he stated, “Gold at $1,764 is as important as gold at $524.90, and above $524.90 the gold market went into a runaway. It’s the exact same setup at $1,764, but having said that $1,764 should bring in some significant supply.
However, a move above $1,764 would be the equivalent of $524.90 in the sense that you would go from the runaway that was born at $524.90, into a hyperbolic market. The key to all of this is $1,764 and you will go above that level, but what that does is lock in five figures on the price of gold. A move above $1,764 brings into focus prices as high as $12,000, so we are are approaching the most critical milestone in the entire gold bull market.”
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The Preparedness Podcast – A Four Pack of Prep Podcasts
Apologies for my lack of podcasts lately. I’ve been terribly busy and haven’t been able to find time to get these pushed out. So instead of sitting on them any longer, I’m just going to release all of them now.
105 – Talking about the two BBC Series called “Survivors.”
106 – Community, not Commune.
107 – What I would do differently if I was starting my preps over again when I was younger.
108 – Talking about the National Geographic show on Doomsday Preppers.
(Listen to The Preparedness Podcast on any of your favorite audio players. Find us in iTunes here: Preparedness Podcast iTunes Link or go to PrepCast.info for direct links to the audio files.)
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The Preparedness Podcast – Episode 102 – Repacking for Food Storage, Part 2
Last podcast, I started a small series on Repacking for Food Storage, where I talked about what my goals were and how I was increasing my food storage and how I was going to go about doing that, specifically, in how I was going to repack the bulk foods that I’ve purchased.
In this part, I continue my discussion on the issues I’ve been having with various aspects of repacking food, including issues with mylar bags and old O2 absorbers. Discussing the various aspects of using Mylar and Foodsaver bags for food storage and giving tips for using both.
Food storage should be an important part to your preparations, but from experience, I know that this can be one of the more challenging aspects to getting prepared. By sharing the errors and successes I’ve experienced, I’m hoping to spare you the time and expense of making the same mistakes I have.
One of the things I did was to transfer the Morning Moo (milk) that I bought into mylar bags and reseal it in the same bucket. These types of tasks, including doing inventory and inspection on your food, is hard work, but it’s worth it.
(Listen to The Preparedness Podcast on any of your favorite audio players. Find us in iTunes here: Preparedness Podcast iTunes Link or go to PrepCast.info for direct links to the audio files.)
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Wheat Prices Soaring
This weekend I went to the local Honeyville Farms retail store to pick up some items. When I was last there a couple of weeks ago, the 50 lb. bags of wheat were $13.49. I was quite shocked to see that they had risen to $16.99. That’s a 26% increase in the price in only a few weeks! I’m hoping that this is their new price for 2011 and not something we’ll be seeing every few weeks.
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