Just as a continuation to one of my earlier posts this week re: gas prices in the US, here is an example of what the Brits are paying for their gas right now…
Are we going to see these crazy prices on our shores soon?
I can’t say I’m clued up on the finer details of what is going on in Greece at the moment, aside from the fact that they are in debt to their eyeballs and the Greek people have had enough, hence the protests etc..
But, I must say, just listening to Evelyn speak about the austerity measures being implemented, one must think that the Global economy is not in a good place at present.
I think the important point that Mr Swanepoel forgot to mention was to store food and water. Yes, I totally agree about investing in precious metals to protect ones wealth, but you can’t eat your precious metals or your cash.
Food and water is what we all need for survival. Inflation will most definitely hit, if not hyperinflation (in the case of the US and EU countries), and the price of food will be more expensive as compared to today’s prices.
With the threat of Iran closing the Strait of Hormuz to the Western world, this will definitely spike the price of oil, which means gas at the gas pump.
The price of petrol at the pump could rise anywhere from $2-6 a litre, overnight! That is the talk in the US at the moment. What price would Australians be paying?
Just imagine what these oil prices would do to the trucking businesses who deliver our food to the supermarkets? If they can’t afford the exorbitant petrol prices, what do you think will happen to the price of food?
I definitely agree with Mr Swanepoel to have cash on hand, in case of a bank run, to invest any extra cash into precious metals – but, in my opinion, we also need to store food items and water supplies for your families. With thousands of Australians losing their jobs already this year, having to fork out money to buy food at higher prices, may already be a stress that some families could do without.
Like, I have been saying for a while now, we can prepare ourselves financially with cash and precious metals, but if we don’t have enough food and water in our homes to feed and sustain our families, all other preparations will be in vain.
As Mr Swanepoel alluded to, it’s better to be prepared, and either way, if things don’t turn out to be bad as predicted, (although, I believe that it will) then you haven’t lost out, in any way.
Take heed, have a look around and find out what is happening in the EU at present, keep an eye on Greece, the US and Chinese financial situations, and make the necessary precautions to protect your financial best interests and your families well being.
Check out some of the links on the my blog as you will find a lot of helpful information and material that can assist in educating you, your neighbours and friends….material that you won’t hear or see on television, that’s for sure!
Stumbled upon this interview tonight while checking out articles on www.stevequayle.com
ISDA TO DECIDE IF 5 MAJOR US BANKS GO BANKRUPT THIS WEEK
Whether you believe that this will happen this week or even this year, wouldn’t hurt to make sure you have some cash on hand, a full tank of petrol and some non perishable food and water – just in case.
According to Jim Sinclair there is an absolute media blackout on this issue making this a must listen interview:
Air. Water. Berries. Beans. Nuts. Without the first, most people will die within a couple of minutes. Without the second, you could survive for a few days, but that’s all. And according to Forbes magazine, the third, fourth and fifth items are the most important and healthiest food items you can eat. Bottom line: if [...]
Europe is the focus for bureaucratic bungling at the moment. It will probably remain in the spotlight for some time. But Japan… Japan is in a class all of its own. For more than 20 years now, the Japanese economy has been in and out of recession. The bureaucrats have met every ‘challenge’ with a [...]
The problem with being a big oil and gas producer is that each day takes you closer to going out of business – unless you can find new reserves to replace those sent to market. In the last five years, the oil majors have been exploring the proven shallow waters of the Gulf of Mexico, [...]
The idea of risk is a very personal thing. What we see as risky, you may not. And what you see as risky, we may see as completely safe. One trick to successful investing isn’t to just figure out what you see as risky, but to also figure out whether other investors see it as [...]
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