Dr Jerome Joins The Crew: Prepper Guide for Gold and Silver Stackers

With Turdville contributor "Pining" taking a brief sabbatical, longtime Turdite Dr Jerome has offered to fill the void. Here's his first contribution. -Turd

Emotion management & Prepper Hedging

I am not a great trader or a gifted entrepreneur. My contributions to this site ought to come from my scholarly expertise in speech and media analysis, but most of you see right through the bullshit of our leaders and the biased reporting of the media. So I’d like to offer a creative problem-solving side of my world. I work through new ideas by writing and through dialog with others. So I hope this post, and future ones, can begin fruitful dialog that helps new members get a firm grasp on our times and provides hungry ears to listen as our experienced members share their wisdom, experience, and practical knowledge. After all, we are preparing for the end of the Keynesian experiment and a transition into a new world. The stakes are as high as they get.

Well I felt pretty lousy the morning after the Monday night smackdown while reviewing the evidence on the Tuesday morning chart. I am not sure why this one hurt more than the others. Friday’s smackdown was disappointing, but not as painful. On some days like this, I feel lousy all day and lose energy for doing anything beyond the minimum to keep my job. But on that day I figured I better stay engaged with the site here a bit, keep watching the charts, and learn to not be emotional about all this crap. My broker even told me Friday “Unless you’re trading futures, you don’t want to watch each $15 move so close. You’ll stress yourself out over nothing.” Another wise man once said “For where your treasure is, there your heart will be also.” While we are all familiar withteh spiritual interpretation, the concept runs through all areas of our lives. My treasure has to be in the future of my family, not my fiat. I have to keep the larger perspective on stacking and prepping as my treasure, not in my little trading account.

My attitude about buying metals was all wrong back in 2010 when I started. Then, it was an investment, rejoicing all the way up to $50 silver, keeping a detailed spreadsheet of all holdings, sorted by coin, bar or sterling with purity percentages built into the spreadsheet all multiplied against the spot price updated several time per day. I knew to the penny how much fiat I had earned with my investments in metals. My wife and I (Praise be to God that she thinks like I do) spent our Saturdays perusing the antique malls, looking for jewelry or sterling. She indulged my purchases of old coins from the local dealer and we built a decent sized stack over a two year period in which metals were smashed from their highs to the lows.

Yes, my thinking was wrong, very wrong. If I simply want to invest and make fiat, why not trade options in the wake of the FEDs bubble pumping. One could have made a bunch of fiat on the POMO days and I hope many of you did.

No, the metals investing has to be understood as long term wealth preservation, placing our treasure in wise foresight of future provision for those we love. For my entire life I have been taught that dollars were money. Nobody in my family really understood the ramifications of the ending of Bretton Woods, even though the 1965 quarters were notably different than those from 1964. But my parents didn’t teach me (they didn’t and still don’t understand) and deep down my belief in paper has persisted to this day. It is damn hard to shake. I suppose that is why I don’t carry cash and keep a silver coin on my professor’s desk at all times. The retraining of my mind with regard to real money has been difficult and not altogether successful.

My rational and emotional self must be re-connected to metals and other commodities as true wealth. Abraham measured his wealth in goats, sheep, and servants. I always thought that was odd and figured they didn’t have money then. But they were quite a bit closer to a gold standard than we are today. Livestock equals food & clothing, servants equal stored labor.

I am angry about metals manipulation, fearful of life in an apocalyptic world, exasperated at relatives who won’t read the news and who think I am a conspiracy theorist, and wishing the big reset would get here and be done with it. So I have to address anger and fear, find a healthy place to live my life. I think we found it.
We have committed ourselves to hedging. We are seeking that life where we enjoy each day, push fear aside, and have a hope for the future. Knowing that the future itself is not offering much security, we are pouring our labor and what modest investments we can into projects that benefit us here and now as well as prepare us for a tough economic future.

  • Solar Electric system: Our $1600 investment in parts and knowledge will hopefully trim the electric bill in half and train us into better energy use habits. (in progress)
  • Solar Water heating: More energy savings and learning to be a plumber. (planning stages)
  • Greenhouse, aquaponics, fish farm and gardening. The benefits are too many to list. We’ll save on the food bill and feel good about what we eat. (in progress)
     
  • Chickens & Rabbits. We’re planning a seed sprouting system to feed them and keep a few of each in back yard pens. I am still squeamish about butchering them. Hunger should get me past that. (planning stage)

     
  • We are continuing to invest in real estate—perhaps foolishly some would say. But there are places where homes are cheap, very cheap, and people still have jobs and can pay the increasing rents in the market. We just located a duplex for 28K in a small town that has survived the recession quite well. We currently own eight rentals that help us stack and prep. I suspect we can keep these rented as things decline. We buy with cash, renovate, then refinance to get our nest egg back out and look for another. The banks have the risk. We skim the profits, sharing with a manager.
     
  • Half-way bug out location: Owned by a family trust with no bank liens. We cannot afford an underground bunker on 40 wooded acres with a two year food supply. But I can afford a small home in a small town with water on a large fenced lot. I can plant fruit trees there. Then I can rent out the home to pay for itself until I need it. (in progress)
     
  • Serious bug out location: A simple hunting & fishing cabin! Owned by a family trust with no bank liens. More remote. Not underground. Some acreage next to a national forest with water. Land is reasonable and I am studying how to build a septic system. One can build something like this cheaply, or hire the work done and not really draw attention to yourself. Add in solar power, a well, animal pens, a greenhouse and the future looks promising. We will simply enjoy working on the place and getting away for weekends. (still a dream)

     
  • I am very tempted to purchase a small backhoe and learn to operate and maintain it.

If this economy continues to hang on for several more years, We are determined to enjoy life and not spend our days watching for black swans. We are determined to prosper, not simply survive. And if it all collapses in a day or with a continued slow decline, We’ll be as ready as we can be No regrets! Frankly, We foresee a long slow decline with increasing government oppression. If the world monetary system resets to a partial gold standard, we foresee continued decline and increasing 3rd world living standards for all.

Our relatives, concerned that we have lost our minds, accept all these activities as economic, green, entrepreneurial, etc. We will profit and enjoy getting away to the hinterlands on weekends while we are prepping in multiple ways to live in a new economy, to be self-sufficient if needed, and still maintain a civilized life.
As for the friends and relatives who ridicule us, we’ll continue to promote metals as an investment and praise the benefits of small town life. We’ll try to explain the risk of MyRA, bail-ins, paper investments and bank failures. We’ll encourage them to keep a stock of food and key items because Walmart shelves go bare when the power goes out.

All these prep items are true commodities and must be counted as true wealth. But they also help us to prosper and enjoy life now. True prepper hedging! Food, energy, land, housing, knowledge of trades, add up to peace of mind. Then we can handle the daily gyrations of the markets and bear the blatant manipulation of criminals without getting overly worked up. Our finances and efforts are protecting our family against the disaster and give us the motivation to keep working each day until we are forced into this long-expected change.

DrJ

 

74 Comments

LONER's picture

FIRST first1

FIRST first1

I Run Bartertown's picture

Thanks

for sharing with us, Dr. Jerome.

Sounds like you are making significant strides toward your goals!

infometron's picture

Thurd!

Kudos, Dr. Jerome!

Urban Roman's picture

See, that's what you get for

See, that's what you get for publishing that unofficial "podcast", heh heh.

And thanks for the Christophers smiley

sierra skier's picture

Congrats on your first

I'll take the Fifth. Congrats on your first thread lead.

After reading your post it sounds like you are very comfortable with where you are at so far and you continue with your more advanced plans. I would highly encourage you to spend some time on a backhoe, even if it is a rental for a starter. I don't have backhoe expertise but do very well with skid steer loaders and the times I have played with a backhoe or excavator I was efficient enough for a beginner.

If you decide to buy a backhoe you will find uses for it beyond your imagination and eventually wonder why you did not get one sooner.

ewolf's picture

Excellent

Excellent post! I started stacking about a year and a half ago. My first purchase was for $1,000 fiat, consisting of a mixture of junk silver and generic silver rounds.  After 1,000 ounces of silver I quit counting. I always smile when turd and others moan about the manipulation. I love it. That first 1,000 was purchased at around a 32 average. Since then the banksters have given us all the perfect gift: BTFD. I don't know what my average price per ounce now is, but the boat was loaded after the epic April smack downs. Thank you, bankers! Even if the manipulation doesn't stop in my lifetime, I'll keep on stacking and leave what I have to my kids. My simple savings strategy boils down to 2 words: fuck 'em!

silver66's picture

7th heaven

Very inspiring Dr J

I like your bug out cabin

Silver66

Mr. Fix's picture

Dr. J, A fantastic contribution!

I just love where Main Street headed, it is  chock-full of genuinely insightful information as to  what underpins the global collapse, and very useful information on what to do about it.

TF metals just keeps getting better! 

I highly recommend the backhoe, I have a 1960 International Harvester  backhoe/front end loader, which I have been operating for the best part of 40 years now, and although it is of little practical use in my own yard (which is mostly granite), I was able to create my own septic system/dry well, as well as some significant landscaping.

It comes in most handy when my neighbors need such work done, as I have successfully maintained its operational condition since I was a child.

I used it last year as an engine hoist, and it is also handy for burying all kinds of things.wink

As for continuing preparations, and making use of the apparently  delayed global economic Armageddon,

I'm using the time to expand my customer base, and consolidate it closer to home.

I build a garden last year, which was successful, this year I intend to enclose it.

You can never be too prepared, virtually everything I do, ensures that life will be easier and more manageable further down the road, regardless of how global  Economics unfolds.

 Be prepared!

Verus nemo's picture

I agree with the other sentiments expressed above, Dr. Jerome

You have a vital and important niche here in this community and I especially appreciate your many contributions. You are one of many treasures here and I look forward to anything you have to contribute. Thanks for the great read.

Patriot Family's picture

Really liked this post...

Really very happy to see a thread focused on prepping here on the main forum of TFMR.  There are a lot of preppers out there looking for and sharing practical advice.

Great post!

ltcolkilgore's picture

Dr J...

Great post, thanks for sharing! yes

Spring approaching??? I hope so......

gold slut's picture

Dr J...

After enjoying your stand-in podcast, this is great news!  My advice, just speak your mind, we will do the rest..

kryton619's picture

Thanks Dr. Jerome

I agree with the other Turdites who have posted above.  Last spring I decided to purchase a tractor with front end loader and backhoe.  It certainly is a back saver.  I have since purchased a grapple for the front, and a wood splitter that fits on the rear after removing the backhoe.  I was a complete newbie to all of this at the start of last year...but now feel very comfortable operating it.

I found http://www.tractorbynet.com/forums/forum.php to be very helpful.  

SilverSurfers's picture

DrJ

We have thousands of them in California. surprise CONGRATS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Good call TF.

Here is another mind screw for comment: ...... THEY ARE LOSING IT!!

Eric King:  “When you look at the aggressive actions by the West, and the plan to eventually have missiles in Georgia and Ukraine, and when you add to that the fact that there are already missiles in Poland, it appears the West is trying to encircle Russia with missile bases in preparation for a possible nuclear strike.”

Dr. Roberts:  “Yes, that’s exactly the strategy.

==

Dr Willie posted at watchdog. Gazprom is to raise gas/oil prices, to screw the west, now purported intent to surround Gazprom HQ with newk missiles, so that gas/oil prices go to the moon, so that Russians can pay more for imported foreign goods. Gasprom will do anything to screw the Russian people with high import prices. Not to be outdone by Gazprom, the USG wants to place newks in Ukraine and Georgia, to make sure gas/oil prices shoot the moon so that, you guessed it, the Russian people can pay higher, much higher import prices. ITS GETTING a tad ridiculous.

transplanted baby's picture

Welcome to my field Jerome

Looks like one more turdite had decided to flee to the fields. So you guys were listening after all. For those who have not yet fled, I still say, flee to the fields or at least read the book. Fleeing represents the ultimate in preservation- and I am not talking about fiat. 

Marblesonac's picture

Get the backhoe

And dig an outhouse hole, forget the septic system.
Look at Bison pumps for a hand pump.

Looks like you are well on your way to self sufficiency, way to go!

woofwoof's picture

On the same page.

On the same page as you Dr. J

My new bug-out property.  Year round creek.  15 minutes from a small gas station and grocery store.  One hour from a hospital and airport.  Located next to national forest.  Last piece of property zoned for a house before the start of the national forest.  10 minutes from a lake and 5 miles from a wild life preserve.    Deer, elk, waterfowl abound.  Now I just need to place a tiny house on a trailer on it. 

ag1969's picture

Dr. J, very nice!

My Father used to tell me, "Do something!  Even if it is wrong!"  I am not suggesting you are doing anything wrong, but at least you are doing something.  A lot of people know that they should be prepping for what is to come but they don't do anything about it.  Even though you are not a "great trader or a gifted entrepreneur," what you do have is the ability to take action.  Untold wealth lies in the ability to take action.

I am happy for you that your wife is on board with your prepping.  I know that is a great feeling.  Mrs.1969 was standing right beside me this morning when I liberated the flea market of 17 more silver halves, including a 1899 Barber Half in very nice shape.  The other 16 were Franklins.  I also bought a 1989 Proof ASE.

A very nice job filling in for Pining, and those are mighty big shoes to fill!

And, just as a personal joke, "thank you in advance" for your next piece!yes

stackaloha's picture

great article!

well done Dr. J! Good Lord, I love this site! many thanks to all!

new Jim Willie interview:

oneagleswings's picture

squeamish on the rabbits

Dr. J,  Don't be squeamish about butchering the rabbits.  They are cute and cuddly and all but never look on them as pets or give them names.  22 in the head,,, hatchet,  snap of neck. They are delicious.  The first time killing or catching and cleaning fish or wild or domestic critters is always eye opening.  I recall field dressing a deer the first time and having already worked on the kill floor in a beef slaughterhouse I still wasn't prepared for the clarity of killing and gutting a deer all on my own.  You will be fine.  There is something about raising or procuring your own meats and fish that will never be replaced by a supermarket or butcher shop.  From your quotes from the Good Book you know we are to have dominion over the earth and I think the whole food chain thing is part of that.  I just wrote a 2 page essay on why I hunt and submitted it to some outdoor publications.  It is really a tribute to dad who will be 89 come November and time I spent with him alone in the woods. With six siblings hunting with dad was the only time alone we shared together.  He and mom are in search of a nursing home now and I regret they won't commit to moving in with the wife and myself but they do not want to change states of residence.  We used backhoe to slaughter and lift beef steers a few weeks back to assist with the skinning and gutting process.  Invaluable piece of equipment  useful in many ways.  You will be glad if you invest in one.  With the downfall of the economy in 08 there is plenty of equipment still available at fire sale pricing or should be.

If our heads aren't buried in the sand then being prepared has to be in clear focus now.  I appreciate your writings and commend you on all your steps to date.  I have family with property that borders a national forest.  The farm homestead is currently rented out but that is our bug out location in N central Michigan if things go badly on a grand scale.  Thanks for your sharing. 

Magpie's picture

Serendipity

I spent a good part of the morning reading about solar powered Stirling engines.  The ones powered by refurbished satellite dishes seem especially intriguing.

The info will either pique your curiosity or put you to sleep. 

http://www.peswiki.com/index.php/OS:Stirling_Engine_by_GreenPowerScience

http://renewableenergyindex.com/solar/solar-stirling-engine-generator

-SilverIsMoney-'s picture

My problem is...

"Food, energy, land, housing, knowledge of trades, add up to peace of mind"

How do you get the income to buy the land and housing? I'm only 24 so how can I just find a way to get the land and housing so I can start working towards the knowledge, food, and energy? I fear many in my generation will be forced into whatever the government offers because we are full of debt (thankfully I have none) and have been sitting in stagnation in a broken, corrupt, and unsustainable system.

Marchas45's picture

@Dr Jerome

I read your post a couple of days ago and I felt the same way you did and this is my first post since.

You said, "I am not sure why this one hurt more than the others." I do, everyone was so hyped up that finally the PM's where heading up, myself included ( I have been stacking and Prepping for 4 years) but we where all brought back down to earth by yet another touch of a button by the Banksters in charge. (But I'm staying strong)

So today I made myself happy by buying 30 oz's at 60 cents over spot not bad and I'll be watching as there might be a few weak hands out there if it starts to slide tonight.

As for prepping, I have my two years of food supply and other goodies that will help me survive the coming turmoil that is predicted by a few knowledgeable  people and ignored or not known by the many.

Now back to that question. I forgot that God told me to stack for survival but not for profit and that's where I got hurt. Charlie

Motley Fool's picture

Wrongheaded thinking...made me think of this.

"Why do they view their debt in terms of yield when it only returns more of the same paper? The only way to convert the return on this American debt is by buying something real with it. Only then do we have a “yield”. The Westerners use “paper to price paper” and “more paper to price more paper” in an endless quest to add value where value only exists in the minds of men. To this end they say we have lost value holding gold, but our families and children cannot go broke. No one owes us and we owe no one, and we do not “convert paper to something real” to create “yield”. We already own our “yield”, no conversion needed!

Now they have created the illusion of gold in great supply to lower its value in currency terms, and the Americans accept this. They do not question that this illusion was done using paper  contracts, that do not hold gold but are priced in currencies that offer a yield valued only in human emotion terms. It is in this fashion that the greatest folly of Western thinking will bring an end to an era of unvalued money. In the near future a real value will be exchanged for gold and those that hold paper gold will bid much higher to obtain what they thought they already had!"

-Another

Bollocks's picture

Shameless bunny-whoring

That's it Dr Jerome, bung a pic of a couple of bunnies into your first article and watch those hat tips fly in. "Awwww, bunny wabbits, I shall give a hat tip" - that's how it works, doesn't it? Yes, it does, as you well know.

Nobody wants to hear about solar panels. But LOOK bunnies!! heartheartheart

Shocking behaviour.

ag1969's picture

Bollocks

Shameless Bunny Whoring worked out well for Hugh Hefner.  It is time for someone else to take a bite at the apple!

stackaloha's picture

random question:

are there any other turdites on Maui or living in Oregon? I'm on Maui but will be moving back to Oregon most likely within a year. I'd be open to meeting other turdites nearby if others were interested in same. No worries either way. I am so glad i found this site. I know i can't be the only one that gets frustrated with seemingly being one of the very few that CHOOSES to pay attention. ironically and unfortunately these same people who refuse to wake up and will be the ones who will be the most desperate for help. Once again, thanks to Dr Jerome and everyone else who makes this site so special!

stack on, prep on, rock on good people!

AlienEyes's picture

Dr Jerome

Great post. You're going to do fine.  smiley

dgstage's picture

Back Hoe

I personally prefer a bobcat They work better tighter spaces, and easy to control. You can rent are buy many attachments including a back hoe. If you have rock, you can even get a breaker. When I built my last home it was very useful and it will go places a big tractor would not. I also like the cage for protection. You can also get tracks if you have lots of mud.

Dr. J thanks for the good post.

Bollocks's picture

ag1969

Dr J has taken more than just a bite at the apple.

He's swallowed it whole surprise.

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