Gold is at $1,750, will it hold the 17 handle?

With everything going on in the world gold should be doing better!

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Source, https://goldsilver.com/buy-online/10-oz-gold-bar/

I'm trying not to complain seeing how I got a lot of it at much lower prices. I know you shouldn't put more than 5 or 10 percent in your net worth in any one investment or how they tell you to diversify your portfolio. I haven't seen one thing this year that was worth putting my hard-earned cash into except the precious metals.

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Source, https://tradingeconomics.com/united-states/inflation-cpi

Let's talk about inflation, they have created so much inflation that now it's a double whammy. Not only is there a large increase in the money supply, but we also have high demand and supply problems on top of that.

The constant new stories about soon-to-be food shortages and energy problems are only accelerating on the internet. Even the so-called Mainstreet media is talking about it now.

Are you worried about it?

Are you doing anything to prepare?

I am, I keep adding to my food preps. I'm starting to buy more of the freezed dried for that is good for 25 years if stored correctly.

Order summary

Spaghetti Case Pack (32 servings, 4 pk.) × 1

$14.95

Traveler's Stew Case Pack (32 servings, 8 pk.) × 1

$12.95

Subtotal

$27.90

Shipping

$7.95

Total

$35.85 USD

It may not be the best food to have but it doesn't need to be rotated all the time either. I got sick of throwing away expired things all the time so this seems to be a better way to ensure you have food for emergencies.
What do you all recommend for food storage and security other than growing it yourself? Let me know in the comments below, I would love to hear about any ideas you have!

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@mariosfame @krunkypuram

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Thank you for reading my blog and have a great day!


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15 comments
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You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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I’m not a fan of the premade meals. I have a food saver vacuum. I use Mylar bags and oxygen eaters to store my stuff. Much cheaper and I then know the quality of ingredients I’m eating.

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Nice, that's great that you do that.

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It’s very easy. Macaroni, rice, dried beans, spices, sugar, flour, homemade beef jerky are all good for over a decade in Mylar. Plus they are stored in an airtime black buckets that I bought from a food service supplier.

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I've been playing around with this freeze dried beef, I put it in taco seasoning and made chili and added it to soups. I just can't get this s*** to taste right!
IMG_20220828_153910_HDR.jpg

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Try hydrating it first in a shallow pan of hot water. Then do what you want to it

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Mabie, I didn't do that long enough or I'm expecting too much from it. I was going to buy a bunch of it if it was better than this.
I should try another brand.

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It's everywhere @tbnfl4sun ....... Precious metals are a bit down, but "real money" will always be a rock solid investment.
Stocks......hammered down on Friday OUCH!
Crypto, just following stocks Lol!
Stack on my friend, everything is turning RED......😇

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A lot of red for sure, I have some dry powder just in case things get bloody.

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I’m keeping the powder dry as well my friend!! 😇

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I am not sure if it will hold the 17 handle but I think it's still solid support. I do expect the dollar to go up because the alternatives are just not that appealing compared to US stocks. So its possible for that to have some bearish pressure on gold but Powell has said there won't be a Fed put this time.

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We will see, I think the markets will tell him what to do and he will back off. There is no way to keep up with the debt payments at higher rates. Emerging markets will be destroyed if he keeps it up.

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(Edited)

No it will not hold it. 16 and likely 15 handle incoming.

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I would be a big buyer at 15, we will see!

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