Euro issues and preps

[NorthernRaider]

[Scythe13]

I refer you to this thread, the starter of which must be some kind of prophet haha
http://forum.survivaluk.net/showthread.php?tid=1761

It's common sense. Buy low, sell high. It'll line your pockets with the funds to buy better stuff.

[NorthernRaider]

I have a small amount of US junk silver dollars for bartering, but you cannot eat gold or silver so I tend to buy food or fuel instead.

[Timelord]

Commodity trading in gold & silver is not particularily going to help you through the bad times and may in fact bring it right to your door! I would beware frequently mentioning in posts about trading in precious metals as it can divert new enquiring preppers away from what really matters. Precious metals should be low down on the list of priorities if at all. More of a profiteering currency market type activity. Could be ok if you got the spare cash and you are in the right situation PSHTF. It is getting to that good situation that is of more immediate importance.

[Scythe13]

I would beware frequently mentioning in posts about trading in precious metals as it can divert new enquiring preppers away from what really matters. Precious metals should be low down on the list of priorities if at all. More of a profiteering currency market type activity.

That's a good point, well made.

I'm a capitalist through and through, as SD will tell you. So I'm doing the PM thing right now, incase this current financial 'blip' isn't the big one we're expecting. However, if it is, and other people have just this, they'll be screwed.

First and foremost, get yourself safe, secure, skilled, and sensible. After that's sorted, then check profits and capital gains.

[bigpaul]

[NorthernRaider]

On Sky News @ 14.44 they reported the greek, spanish, portugese and EU authorities are very worried because more and more people are withdrawing all their cash from their banks and either opening accounts in UK, Germany or UK, or just keeping the money at home, its starting to look like another rush on the banks like we had with Northern Rock.

[Pagan-Mist]

Don't know if this is the right thread so I apologise if its not. Tonights news stated that 16 spanish banks have had their credit downgraded, this has also affected some of our banks. Good job I deciced to start putting extra to food, I also informed my son as soon as his money goes in he's to take the lot out as his bank is one that's been affected. I don't normally panic but I'm now worried.

[NorthernRaider]

Don't know if this is the right thread so I apologise if its not. Tonights news stated that 16 spanish banks have had their credit downgraded, this has also affected some of our banks. Good job I deciced to start putting extra to food, I also informed my son as soon as his money goes in he's to take the lot out as his bank is one that's been affected. I don't normally panic but I'm now worried.

Dont panic just play safe and keep a close eye on things, Even if you buy loads of food at least you can eat it.

[bigpaul]