by Recyclersteve » Sat Apr 03, 2021 9:03 pm
Interesting topic. Here are some random thoughts...
First, dig through past postings on this site on the general topic of preparedness. There is lots of reading material already created there.
I like the idea of keeping a drum of copper wire around. I like bare bright copper and think having a bit of a stockpile on hand is a good idea. But you always have these words to consider: “One man’s trash is another man’s treasure.” Even in the same household, if you have a hoarder/prepper married to a clean freak/minimalist, some type of working agreement will need to be negotiated to avoid conflict. A solution might be to have a shed or bedroom for storage that is allowed to remain messy without jeopardizing the relationship.
Think about potential thieves as well. They tend to steal things like cash, gold coins and things of value that are easily portable.
I had a break in at my storage locker in 2019. Lots of silver and gold was taken- only about 7% or so was recovered by police. The thief has been convicted and is in prison til 2029. I also had a bunch of paint cans full of .999 Canadian nickels. Almost none of them were taken and they were in the same area as the gold/silver. So I think that keeping a supply of .999 Canadian nickels might be good to consider for long-term as well.
I’m gonna ask a question here as well- does anyone think it is worthwhile storing a quantity of pewter? I know certain items like candle holders are often made of it, but almost never run into anyone buying it. Could that represent an opportunity?
It will be interesting to see what other items people suggest.
Last edited by
Recyclersteve on Wed Aug 25, 2021 6:32 am, edited 1 time in total.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.