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Tuesday, March 21, 2023

3 Things You'll Want to Own If the Sh*t Hits the Fan


Above, the ammo shelves at the Albuquerque Cabela's. Photo by Armand Vaquer.

Some people are starting to relax a bit when it comes to the current financial situation. The actions the Federal Reserve has taken in the aftermath of the bank collapses, even though some of which are misguided and stupid, have calmed them a tad.

But there are those who aren't quite that confident of things and are preparing for worse-case scenarios.

Yahoo! Finance posted an article on three things you'll want to own if things go, well, see the title of this blog post (it's also Yahoo's article title).

They start it out with:

As the world watches with trepidation the recent string of bank runs, liquidity crises and outright failures sparked by the collapse of Silicon Valley Bank and Signature Bank, many are considering where this crisis will lead.

The global banking system is surely in hot-water at the moment, but most analysts only see it as a temporary, solvable problem. It would probably take an extreme, rare crisis of a much larger scale to take global civilization down.

While the likelihood of a total societal collapse is extremely low, you still might want to prepare for the worst. In this article, Benzinga discusses three essential items you'll want to own if the unthinkable occurs — gold, ammo and alcohol.

To read more, go here

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