How I got started/Lessons Learned…Part 1.

I started to awaken during the last Presidential election and the economic collapse.  I was also laid off from a pretty good job in January 2009.  Luckily for me I was able to get back to work by the end of March right as my severance package was ending.  These events started me on my current path and like a snowball rolling down hill it started out slow and small and gained momentum as I read more and learned more.

I live in a nice suburban town near a fairly large Midwestern city, so my original plan was to bug out.  I had a potential place to go (a family member’s farm in New England), so I started thinking about what I would need to bug out.  I already owned a few firearms, so my first thought was to purchase some silver coins.  I was (and still am) concerned that the dollar would be worthless and I figured I would need them to help get me to my destination.  I also began to stock up on ammo (guns will likely be a future post).

As I read more and learned more I have dramatically changed my plan, but I did learn some lessons in this early stage.  Here are the lessons I learned:

  1. My first silver purchase was from Goldline.  I didn’t buy a lot, because I wanted to check things out.  At the end of the day I was not pleased.  It took forever for me to get the coins.  If I remember correctly they have up to 30 days to even ship your order.  I also found the prices high for what I got.  The good news is that I didn’t spend a ton of money and it was a good learning experience.
  2. Initially I bought mostly junk silver coins.  My thought was I could accumulate much more with less money and the coins would always hold at least their face value.  I envisioned myself using these coins to buy fuel and food on my journey to New England.  I still have the coins, but I am not buying any more junk silver at this time.
  3. Yep, I did it!  I also bought some gold.  I got a call one day from a sales person telling me that prices had dropped and they had a great deal on British Sov’s.  I was super excited because I was due to get a commission check in the next couple of days, so I purchased 5 or 6 of the coins.  The only problem, I forgot to pay my mortgage!  Luckily I figured this out before the payment was past due and I was able to shift things around and get it paid.  We did live leaner than usual for the next several weeks as a result.  Currently I am not purchasing any more gold.

 

Here’s what I do now:

  1. I currently buy silver coins from Silver Towne Coin Shop (www.silvertowne.com).  Their prices seem good to me and their service is excellent.  I mostly purchase Morgan Silver Dollars and Silver Eagles.  I buy these coins because I am trying to anticipate what I think others might find valuable.  It might not be the right strategy, but I’m guessing I could probably get a chicken from a farmer easier with a shiny Morgan or Eagle than I could a few 1965 Kennedy Quarters.
  2. I made my gold purchase from Merit Financial.  I will say I liked their prices and service.  I do not regret my purchase, but I don’t think it makes much sense to purchase a lot of gold unless you are totally debt free and have thousands of dollars you want to protect.  For most of us peasants I think silver makes much more sense and is more likely to be used for every day use.  I would never part with one of my gold coins for a tank of gas.

 

P.S.  No, I did not forget bug out bags.  I thought I would save that for a future post.

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Exitus in Dubio Est

The title of my blog and the title of my first post sum up what is on my mind and why I started this blog.  The phrase was the motto on the three dollar bill issued by teh Continental Congress during the American revoluiton.  Translation: The Outcome is in Doubt.

That is how I feel about where we are at today.  I’ve only been prepping for about the past 12 months and pretty seriously for the past 6.  I’m no survivalist guru, but I do have broad base of experience and I hope to share my journey toward total self-reliance.

In addition, I hope to offer an open forum for discussions amongst likeminded individuals so that we can learn from one another.  I’m sure I’ll learn much and hope to have fun along the way.

My goal is to post frequently, but simply figuring out the mechanics of a blog are taking more time than I thought.  So, be patient at first and I hope to make this more beneficial as time goes on and my experience grows (advice from the more experienced is certainly welcome).

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