Silver and Gold update, 4/17/11

After posting a couple of cartoons regarding the economy earlier, I thought I would throw out a post about an inflationary marker, commodities.

April 15, 2011...Five months ago...

At Patriot Trading Group (No gratuity received or implied for this link.)

Silver up over 130% and gold up over 27% in five months.

Where are we headed, folks?

I've read several postings regarding gold and silver lately and while true that you "can't eat gold," it can also be said that one cannot eat lead despite the gangster phrase. An article at The Survivalist Blog supports the thought of bartering ammunition. But as an investment, in retrospect it would have been wise to pick up rolls of silver back in November (or earlier).

Regardless of the argument, gold and silver are good indicators of how our monetary policy is out of whack and rigged against the last guy holding that Federal Reserve Note. Inflation is a "tax" on the value that your dollar can be exchanged for goods or services.

Advice from someone much wiser than I could ever hope to be:

Lay not up for yourselves treasures on earth, where moth and rust does corrupt, and where thieves break through and steal:

But lay up for yourselves treasures in heaven, where neither moth nor rust does corrupt, and where thieves do not break through nor steal:

For where your treasure is, there will your heart be also.

Mathew 6:19-21, New King James version.

On either side of one's religiousity (or none) the Sermon on the Mount and the Book of proverbs can offer sound advice. What this tells me is that there are things more important than gold, silver, lead or steel. Family, friends and neighbors come to mind.

If you think about it, if the levy breaks and the flood waters have risen and surrounded your house and it's about to be swept away, would you rather have invested in 100 lbs of silver, 10,000 rds of 30-30 Win, or a 16ft Crestliner with a 35hp Evinrude?

Who knows where the economy will turn in the next 5 months or five years. Wall Street and Washington can't figure it out, but they will rig it so they win. And then, who will be the loser?

The pessimist hides, the optimist hopes and the pragmatist gets armed.