The most commonly marketed method for having something of value in an anticipated financial meltdown that may or may not be immediately tied in with a war or other disaster is to invest in gold and other precious metals. I have pointed out that there are some scriptures which seem to indicate that man's hope in the last days in such things may be dashed. One economist; Harry Dent has predicted when the market finally crashes (something vastly overdue) that as with the Great Depression prices on gold may plunge along with; of course real estate and stocks in general. At present there is a very high price for gold; but I would argue for platinum and palladium as being vastly undervalued and once car manufacturing resumes it will go up. Silver also has a mining cost that is much closer to the present value and has many industrial uses so also is a good long term investment. In general with the volatility of that and say cryptocurrencies and other stocks we should pray for wisdom in such undertakings and of course the temperment to handle the 500 point or more swings in the Dow which seem to be a weekly event at least one day on average.
Switching to a completely different focus; we all should strive to have basic training in things such as CPR; the Heimlich maneuver; and have home fire drills as well as some basic knowledge of how to live in an emergency situation. If possible we should find some way to grow our own food; as well as learn basic trade skills such as carpentry to be as resourceful as possible.
If we can teach children and teens such skills at best it gives them something productive to do with their time. In light of my last post having a whole family prepared also will help the youth reach others in times of need. With the dangers in the schools today self defense is something that should be instilled by parents; ideally it should be taught in schools.
Of course prayer needs to be as important as breathing.
The most commonly marketed method for having something of value in an anticipated financial meltdown that may or may not be immediately tied in with a war or other disaster is to invest in gold and other precious metals. I have pointed out that there are some scriptures which seem to indicate that man's hope in the last days in such things may be dashed. One economist; Harry Dent has predicted when the market finally crashes (something vastly overdue) that as with the Great Depression prices on gold may plunge along with; of course real estate and stocks in general. At present there is a very high price for gold; but I would argue for platinum and palladium as being vastly undervalued and once car manufacturing resumes it will go up. Silver also has a mining cost that is much closer to the present value and has many industrial uses so also is a good long term investment. In general with the volatility of that and say cryptocurrencies and other stocks we should pray for wisdom in such undertakings and of course the temperment to handle the 500 point or more swings in the Dow which seem to be a weekly event at least one day on average.
Switching to a completely different focus; we all should strive to have basic training in things such as CPR; the Heimlich maneuver; and have home fire drills as well as some basic knowledge of how to live in an emergency situation. If possible we should find some way to grow our own food; as well as learn basic trade skills such as carpentry to be as resourceful as possible.
If we can teach children and teens such skills at best it gives them something productive to do with their time. In light of my last post having a whole family prepared also will help the youth reach others in times of need. With the dangers in the schools today self defense is something that should be instilled by parents; ideally it should be taught in schools.
Of course prayer needs to be as important as breathing.
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