The best ways to invest $60,000 before money is worthless

What no Palladium chart?

 

looks like my converter buyer cant get away with telling me the price is down this time

 

no amount of money, great or small, is going to buy a sustainable future for their family.
sustainability isn't something that can be purchased that way.
but if you want to buy a little piece of land to play with somewhere,
that can be a lot of fun to have and do.

arn't too many places i know of where that amount will buy very much.
it obviously isn't enough to live off the interest.
but it could buy a very small, very remote piece of land, some solar cells, and a tent.

i'm not sure what that's supposed to sustain, or how.
and yes, it is more then i ever expect to see myself.
yet i seriously doubt it support me for even the remainder of my days, and at 62, i have a lot more behind me then i'm remotely likely to have ahead.

 

1, Buy 2 old diesel powered manual transmission ATV's (Range-rover, International, exc..) they must be same make and model.. buy extra clutch assembly's, U-joints, break components, and tires/wheels. (and the tools to do those jobs)
2, Buy a heavily wooded piece of land in a sparsely populated northern town..(ideally high on the southern face of a hill that has a natural spring on it)
3, Buy 2 chainsaws and 2 diesel powered generators. (maintenance parts and tools)
4, Cut a rough zig-zag path just wide enough to barely accommodate your ATV leading to the most remote obscured location on the land.
5, Build an underground storage facility (by hand yourself using 18-24" square concrete patio blocks) capable of storing a few tons of grain and a thousand gallons (+) of plant biased oil (free of saturated fats) and pure grain alcohol. with something that looks like a garage or storage shed on top (to obscure the entrance you can park one ATV over the door to the lower level) plant wild raspberry everywhere (its food and natures barbed wire so it will help discourage trespassers)
6, Get 2 hand powered grain mills, and 3 rebuild kits for them. (tools)
7. Buy your grains (lentils are high in protein, fiber, and carbs) and fuels to stock your storage bunker. Hall then in in small quantity at a time (a 50 gallon drum or 2 and a couple 50lb bags) using your ATV. A bit of activated charcoal and chlordane pellets would be a good idea too (your spring water or even air might not remain the same quality as today).
8, Buy a 2 HAM radios. (preferably old fashion tube type and plenty extra tubes if you can find them)
9, Cut narrow grooves in trees to accommodate several different tuned narrow band omnidirectional antennas (for your radio).
10, stock up on medical supplies (reference my thread on antibiotics) Iodine, salt, potassium chloride, sugar, heaps of multivitamins high in vitamin C and wool blankets (it gets cold/wet up north and wool is the best for that)
11, A shotgun and plenty of shells is a tool not a weapon.. (as are axes, knives, and fire starting materials) stock up.
11, Pack up everything in a resealable metal containers with plenty of painters desiccant in cotton bags. (oil and vacuum seal in plastic bags all of your tools)
12, Secure and obscure the entrance to your storage aria the best you can as you leave it. (fall trees over the path leading to it and only return to it on foot randomly no more than once a month and no less than once a year to check on its condition and security).
13, pay your taxes on time and go about your regular life.. (leave the land to your kids in your will, if you never need it they might).
14, encourage others to do the same, they may become important future contacts for trade and communication.
15, Make and maintain relationships with other like minded individuals (if you ever need to use the things listed above, you will need a good team to go with it)

If you cant blow your whole wad there you can look into windmills and solar power for your home. Heat pumps are a great efficient way to heat and cool a home and run off the electricity you make. Do some landscaping to accommodate gardening (a greenhouse attached to your home will improve the air quality in there and provide fresh food). These things will benefit you in the near and foreseeable future giving you a return on your investment.

You could also convert your vehicles to run on bio-fuel and if that cant be purchased locally set your self up to manufacture or refine it your self.

You would be amazed how many incentives there are for being efficient and eco friendly now a days (grants, tax rebates/credits, personal pride and independence)

 

When the theoretical economy of the dollar finally collapses the value of things like gold will only replace it as having theoretical value...
Food, shelter, fuel, and medical supplies will always have a tangible economy.. Think about it would you rather starve to death, die of infection, or exposure hording a pile of gold, or live healthfully and comfortably without jewelery?

The industrial use of gold (electronics) will decline with the dollar biased economy (there will simply be nothing to support it) making gold essentially useless to anyone anyway.. (having the effect of dropping demand and causing a surplus)

A collapse of the dollar driven economy will also have a negative effect on the infrastructure. Transportation of goods, agriculture everything will likely come to a grinding halt. The necessities for life will become the most valuable things in everyone's little worlds..

Therefore the only real economy (that ever did or will exist) lies in necessities.. If you can support your own basic needs you will be free of the devastating effects of a monetary crash. If you have a surplus you will be rich.. (which could afford you an opportunity to be either powerful or generous depending on the kind of person you are)..

 

buy any arable land

 

stocks, its a no brainer considering the average person is still somewhat scared of stocks.
No sense in buying gold when it is at all time highs.
You can probably get great prices on land right now but it is going to stagnate as an investment and just cost you taxes for the foreseeable future.
The US dollar will become worthless someday but not in anyone's lifetime that is reading this. To plan for it becoming worthless is foolish, life would be so bad if you really believed that you should be planning to move out of the country.

 

a cheap chunk of land you can survive on. someplace without building codes. that would be priority one. then you need a way to get into town to buy groceries and the tools to build what you wan on it. no lump sum is as useful as a reliable income however, or a way to not need a monitary one.

i don't think 60k is enough to live off its interest, even if the whole thing were invested in economic insturments. at any rate, i wouldn't spend more then half of any amount in any one place.

its enough to buy the things you enjoy to be creative with. most of them. probably.

not much more then that. so i'd say enjoy it in that why while you can. now adays, in most parts of the so called free world, you'd need someting closer to around ten times that to turn it into something you could count on for the rest of your life.

but if you can get a peice of land somewhere with out building codes, and set aside some way to take care of the taxes on it in perptuity, that would be a good start.

 

bottles and cans

 

since this thread was started

gold has added $200. per ounce or 14%

silver has added $9.70 per ounce or 35%

palladium has added $263. per ounce or 38%

platinum has added $258. per ounce or 15%

also since the original post the US dollar index has dropped from 85. to 77. That's 6 points above its all time low of 71. on March 16, 2008.

nickel, copper, sugar, rice, corn wheat, natural gas. all up substantially as well.

note these are just numbers, do not mistake for financial advice lol!!

 

hopefully this turns into higher catalytic buying prices...I havent called my buyer in a while because the prices were low

 

if you need the money now may be a good time to sell. if not, hang on to em as all three of the precious metals in cat converters still have good upside potential.

not sure how honest your recycler is..

 

I like stocks the best, but you have to know what you're doing.

 

better than most

he resells and trnsports it himself directly to the refinery so he pays more than everyone else I found

 

invest in a columbian farm

 

Buy land, prepare the place to be independent and far away from civilisation. Some Gold and silver and lots of SEEDS, good seeds will be the most valuable thing and best investment.
Another possibility if you have other independent people to exchange goods would be to have seeds of tabacco, stevia and other valuable stuff, gets more value per surface and you can exchange it against food during a crises.
In Germany during the last big inflation TABACCO was the currency on the street.
Guerilla tabacco planting everywhere could also be interesting.

 

land is a disaster and a waste. For $100 a year, you can have all the rights of an owner, on 20 acres of BLM (Bureau of Land Management)land. Take your pick of 600+MILLION acres. No tax, no risk of being sued for what happens on your "mining claim" either. If you'd use $30k to buy a used (60lk) 18 wheeler "reefer" truck, and the other 30k to get a team driving it across country and back, there is a way to make it pay 100% per year (on 60k) and I do mean after tax and ss, too. It's all in picking the right team of drivers. Everything else is the same as for any truck.

I'll TAKE all your "worthless" gold, bud. u r a moron. bury it, in bullion coin form. It will soon be worth plenty again. After a year or so of having to make/grow everything themselves, people will want the improved lives that come from having a decent means of exchange, and gold is it. You don't buy a loaf of bread with a 1 oz gold coin. Instead, you cut a 1/10th oz coin in half, it will be still recognized/accepted. with it, you buy a bushel of grain, crack it, boil it for porridge. Bread is a lot of extra work, for no real reason. A few pounds of gold coins will last you a long, long time, if you have any sense at all.

In 2004, I bought gold coins for $450 an oz. Now it's $1300 an oz. Tell me another investment that has cleared 300% in 6 years, and that had zero risk of falling apart, the way gold does. yes, it goes up and down a bit, but it will never again fall below $1000 an oz. If the powers that be COULD do such a thing, as they did in 1980, they'd already have done so. They pulled out all the stops in 1980, selling off every oz they had in Fort Knox, etc, to save the $. Now they have nothing left to do such a thing with. The bailout and the stimulus are bs, just inflation of the $ supply, and the price of gold (in US $) reflects that knowledge. In 1970, when gold was first de-regulated in the US, it was $135 an oz. Gas was 40c a gal, too. Gas is not $4 a gallon, because we have used our military to see to it that cheap oil keeps flowing.

 

Id get my own bowling alley thad kick ass.