Forget Gold: Here's Where Die Hard Skeptics Are Storing Their Wealth
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“Any thoughts about persistent safe havens (other than perhaps cash under your mattress) are dangerous,” warned Jim O’Neill, Chairman of Goldman Sachs Asset Management.
However, the market skeptics would argue otherwise.
The most popular so-called safe haven — an asset class that doesn’t lose value —is probably gold.
But gold can be heavy and costly to store. Furthermore, with gold trading at historically high levels, the die hard skeptics have turned to everything ranging from art, whiskey, to esoteric currencies.
Many traditional and unorthodox opportunities are available that may offer a positive return and/or protection against inflation. You might be surprised at what cracks this comprehensive (but not exhaustive) list of safe havens.
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Guns and Ammo
The ability of guns and ammunition to store value makes them an appealing investment option on their own merits. According to ammo.net, the price of Remington .223 rounds rose 224% from 1999 to 2011 – well above the rate of inflation.
Gun sales spiked after the election of Barack Obama in anticipation of more stringent gun control laws.The Wall Street Journal reports that a similar boost in sales is expected in the event of the President’s re-election, and also notes that the supply of guns has not kept pace with demand.
Earlier in 2012, CEO MIchael O. Fifer of Sturm, Ruger & Co. suspended the acceptance of new orders after 1Q sales exceeded expectations.
Source: Wall Street Journal, Sovereign Man
Canadian Bonds
According to the Financial Post, foreign purchases of Canadian bonds reached a record $16.7 billion in May 2012.
Jeff Herold and Maria Berlettano, fixed-income portfolio managers at J. Zechner Associates, indicate that central banks concerned about their exposure to the European debt crisis have turned to Canadian bonds as a safe haven. Canadian bonds have retained a Triple-A rating.
Source: Financial Post
Farmland
Farmland is an attractive safe haven for investors due to its limited supply and perpetual demand. Tom Eisenhauer, President of Bonnefield Financial, remarked that farm prices are a more consistent hedge against inflation than gold. Simon Black suggests that farmland is inflation-proof because of the demand for food, which isn’t going anywhere but up.
John Taylor, from U.S. Trust’s Farm and Ranch division, remains bullish on farmland, even after noting that “”prices over the last five years have continued to go up and they’ve really gone up more than their historic averages.”
Sources: Business Insider, Maclean’s
Japanese Yen
The Wall Street Journal reports that central banks around the world have increased their reserves of yen by 22% over the past four years.
Japan’s currency appreciation has been greater than anticipated, especially relative to the USD, fueling market expectations that Japan will intervene to weaken the yen.
Source: Wall Street Journal
Watches
Most watches are not investment-grade material. However, scarce Rolex and Patek Philippe models maintain or increase their value over time. George Somlo, owner of an antiques store in London, observes that during an economic downturn “buying antique or vintage wristwatches and pocket watches has always been a very solid investment.”
Source: CNN
Timber
Though some might believe this commodities performance is tied to the housing market, timber has a history of strong performance vis-à-vis inflation. Larry D. Spears writes that timberland values increased by an average of 22% per year, compared to inflation averaging 9.2% from 1973 through 1981.
Source: Money Morning
Stamps
The Handbook of Personal Wealth Management states that stamps have one of the “best and longest-standing track records of stability and success” among physical assets. Though fragile, old stamps retain their value like collectible cars or rare comic books.
Source: Handbook of Personal Wealth Management
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Whistler Blowers, Insiders
Bonds, currency, and collectables are a lousy choice to store your wealth for when TSHTF. Fiat currencies and bonds will be worthless and who’s going to care about rare stamps after millions of Americans are dead? Gold is very expensive for the amount of space it takes up. A cubic inch of gold weighs about 11 ounces so at $1700 an ounce a cubic inch of gold is worth about $18,700. A 1/10 of an ounce gold coin is about the size of a dime and it sells for about $200. Very easy to hide almost anywhere.
There’s a better investment than even gold, food, guns and the whole lot.
It’s called …
God.
Forget about $1700/oz, my price for buying gold is $700/oz.
I’ll just wait 3 more years and I’ll get.
I’ll continue to buy shoes for the grandkids.
~*~
hope your storing your GK food…along with shoes
If everything goes to hell only guns, gold and silver will be worth anything. You might want to add a place out of the city’s with plenty of food and water.
Put me in the beans-boondocks-&- bullets crowd
Japanese yen? their entire econmy was destroyed by False Flag Fuku. Only thing buoying it up is the silence of the press. Stamps? Like anyone gives a damn for fiat stamps any more than fiat money. Only thing not on list is FOOD- which should be #1
Food, water, shelter, heat, medicine.
Canadian bonds? Really? Giving a socialist goverment your money to spend on welfare payments is not exactly what I would call a good ‘investment’. There is no return other than their power to tax somebody in the future. Haven’t we learned that lesson yet with the European and soon-coming American government bankrutptcies that a tax-and spend society won’t last?
Put your wealth in God, that’s your “trust” because if you trust your money and your things, you will perish.
Do you even know the definition of socialism? Because Canada sure isn’t a socialist country, unless the NDP get into power….
RetiredRogue……. The only thing you need to worry about when buying farm land is Agenda 21 through the United Nations, there coming after America’s farm land. It’s the NWO way of controlling the food we eat. Next is the internet. Then cashless money system. People it’s coming very fast since ””THE pRESIDENT IN CHIEF”” got in.
I prefer stamps. Some of them have the face of the devil stamped on them.
Wine is a good investment. If you have a proper cellar with proper humidity and temperature control.
Somehow I doubt that wine will be good if there is no power. As it will become worthless pretty fast.
Gold, silver? Overpriced. But yes, it can be easily hidden. So are diamonds. But this will help you AFTER things go back to normal. Not during the crisis.
Art?
Its value depends on how much money the people that appreciate it have. Plus, you limit who and when to sell. Not very liquid at all.
Land, land is good, as long as you have the means to defend it and know how of properly cultivate it. Then again, do you really know how to property cultivate it (without any modern means, you will not be able to go and buy the pesticides and fertilizer, so you need to know how do provide your own). And of course, there is the water issue.
The best thing to do is to make sure that the TSHTF never happens.
Correct on most points,but actually wine can be stored for long periods of time in a cave in most of the U.S.A. Artificial caves work just fine.It is the temperature of the Earth that can be looked up easily by region.It would be worthless because good wine can be produced pretty quickly and old wine is a rich man’s hobby.Gold silver and the other metals will not go down in the long run.No matter how pricey gold gets it can still be circulated as currency to every person on Earth.How?By the gram and less.If our current fiat currency broke tomorrow, gold would fill the gap by the end of the week,along with the other metals.Copper would be in a penny form again.Land would adjust to the metals in a month or so,with some lucky scrappers becoming land barons.