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UPDATE 4.22.25: Gold closed yesterday at an all-time high in NY of $3,424/Troy ounce.
UPDATE 4.21.23: Gold prices were near all-time highs recently. There may be a more perfect survival currency out there, but gold’s resilience during troubling times is ancient and time tested.
UPDATE 2.5.22: On the wine front, I rely on the knock-out one/two punch of French Burgundy & Syrah, end of discussion. If you are in our home base of Key West, stop and check in with our friend Mark at his wine shop at 605 Simonton St. We also highly favor a stop for food at the Thirsty Mermaid on Fleming St., kitty-corner from Fausto’s Food Palace. FYI, we are in all three stores multiple times per week. Don’t forget, Key West isn’t Manhattan.
Originally posted on April 9, 2021.
In 2012 I wrote you a piece about the benefits of owning Wine, Ammo, & Toilet Paper, during any disaster situation. Not only would they be good to have for your own family, but would be valuable bartering tools.
During the last year, you’ve seen store shelves emptied of toilet paper, wildfires take out much of Napa Valley’s wine production, and a shortage of ammo that persists today. In LewRockwell.com, Bill Sardi examines creating a “survival currency.” He writes (abridged):
HOW TO CREATE SURVIVAL CURRENCY: Just a short note to alert readers at LewRockwell.com that the investigative journalist James Corbett of CORBETT REPORTS, in his Episode #394, presents helpful and practical information on how to create survival currency.
Corbett says any system of exchange you come up with requires community before currency; you need a community of people who agree as “freedom cells” to participate in a way of exchanging goods and services. The ideal is to find a community where you all agree to produce essentials for life and use precious metals as the medium of exchange.
One example Corbett provides is a local currency established in a small Greek town. A community of 900 exchange a currency that is local.
Another example: The town of Woergl in Austria during the great depression created scrip that was backed by schillings. The scrip became higher valued than the schilling.
Another idea is to create a list of businesses that accept precious metals as payment.
My history with gold and silver is long. Read more about it here.
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