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It’s time for hard assets

waste_of_moneyI spend a great deal of time sorting through PMI reports, GDP releases, key corporate financials and more – at this point – I’m just moving money into hard assets.

Cash is not a hard asset. It has no intrinsic value – only that assigned to it by an arbitrary entity.

Gold does not feed a hungry person or keep a cold man warm. It is .. just a soft metal that looks “perty.”

Ultimately, if things get upside down – which they are likely to do – tangible assets will be the most useful.

Tangible assets are things that have value regardless of an arbitrary government entity saying they are worth something. Chickens have value, cows, guns, ammo and whiskey all are worth something because there is a demand for them – not simply because the government says some piece of paper with a president on it is worth a buck.

I am not telling you that the end is near – who could know that?

I’m just saying that if you are concerned, cash in the bank may not be yours much longer and the government has confiscated gold before. This time, go hard.

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About R. Mitchell

Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and


  1. Do believe you’re on to something……”Political Correctness” is NOT a substitute for Personal Responsibility. Between Mother Nature’s wrath and a dysfunctional government, it just makes good sense to consider ‘what’ to do if emergencies cover your road…..Keep in mind that the line of ‘dependents’ is already long and ‘waiting’ for someone else to take care of them. That means a long long wait. You may only have you….One doesn’t need to be survival purist with cameos and bandoleers (bandolier) to ‘take charge’. …but like any other success, it takes planning.

    My apartment manager absolutely refuses to accept Henny Penny, and Elsie as ‘pets’, I’ve had to make the adjustments that were surprisingly easy…I’m actually on the 3rd draft of “Duct Tape & Rice Water” a conversation on survival.

    I urge readers to heed Rich’s excellent suggestion…and if you must ‘stash cash’ make it small denominations.

    • Yeah, everyone should always have the ability to barter. For one, it’s usually more efficient than cash. Second… if the value of cash changes, you won’t care. With everything going on right now.. best to have a hedge. The Greeks suddenly cozying up to Russia is of concern. Now core capital goods orders came in sucky, after a terrible PMI report, capital outflows from China not good for.. anyone. I’m an econo-wonk so I actually follow all this crap for ..er .. fun.