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Re: The 2nd Great Depression Will Be Very Different 

By: Decomposed in POPE IV | Recommend this post (1)
Thu, 02 Mar 17 10:41 PM | 53 view(s)
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Msg. 21857 of 47202
(This msg. is a reply to 21856 by DGpeddler)

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DG: 

re: "One of the richest persons in the
50's bought stock right after the
crash. The stocks were pennies a share."

Yes, but to do that you probably had to have cash sewn up in your mattress - because if you had it in a bank, you likely lost it all. So, is the real lesson here that you should buy stocks when they're cheap, or that you shouldn't keep all your eggs in one basket?

I won't discuss all the places I keep my "eggs" because that would make me vulnerable, but I do make an effort to ensure that my family will have a good chance of surviving any crisis that can be survived. There's not much we can do if a Joe Stalin comes into power and sets his sights on us, but there's plenty we can do to improve our chances in the event of epidemic, economic collapse, civil war, riots (don't live in a city), oil shortages, food shortages (stockpile 6-months'worth), prolonged drought (don't live in a desert!), antibiotic resistant bacteria (clean your home, stock your own antibiotics in case they are rationed) and even an EMP that destroys our electronics. All survivable... if you act ahead of time... but maybe not if you don't. 




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Re: The 2nd Great Depression Will Be Very Different
By: DGpeddler
in POPE IV
Thu, 02 Mar 17 10:26 PM
Msg. 21856 of 47202


One of the richest persons in the
50's bought stock right after the
crash. The stocks were pennies a share.


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