Doc1
Has No Life - Lives on TB
OK Gang, today the US$ was passed by the once-humble Canadian Buck. Anyone who still doesn't believe the Dollar is headed into history's dustbin really must be keeping their head in the sand. You can either see it or you can't...
So how does the little guy give himself a little protection? Precious metals, ammo, guns and food are all great, but they've been talked to death here. I'd like this thread to involve serious thinking about small scale entreprenuerial activities which might help us to weather the storm. I'm going to offer a little of my thinking and just one example of my several strategies to address this.
I think it's a no-brainer that imports will increase significantly in Dollar cost and further, that the US standard of living will be additionally stressed. I also believe that there's a fairly strong liklihood that Chinese imports may not even be available and that if they are, they will skyrocket in price to a greater degree than most other imports. Why? For a variety of reasons outside the scope of this thread, the cost of Chinese goods has been suppressed to a greater degree than say, German or French imports.
With these things in mind, today I ordered twenty cast iron Chinese boxwood stoves from a local hardware dealer. They gave me a 5% discount and I know their bottom line. Ordinarily I could've gotten 10% but this is a very low profit item and since the dealer is part of a national chain, I'm getting them delivered locally for free. This will put me into them delivered for roughly $130 apiece. Harbor freight used to sell the same stove slightly cheaper with free delivery, but they no longer carry them :-( By comparison, Northern Tool carries the same stove for a better price, but adds on truck shipping which queers the whole deal.
OK, what's my thinking here? What else is going up in price beside imported Chinese geegaws? Energy! I think people are already frightened of opening their power bills and this will only get worse going forward. I think woodburning will make a big comeback, just like it did after the 1970s energy shocks and that there will be a thin market for the expensive (and admittedly better) wood stoves. These cheap boxwood stoves should be easy to sell and will make excellent barter material. In truth, I've owned one for many years and they are surprisingly good...considering. A shop wall piled up with dissassembled cast iron stoves is not the most liquid investment, but they are cheap enough that I shouldn't get hurt and I don't intend to flip them overnight.
OK, this isn't Warren Buffet megabux investing. It's tiny, close to the ground and simple.
Anyone else have similar ideas to add to the thread?
Best regards
Doc
So how does the little guy give himself a little protection? Precious metals, ammo, guns and food are all great, but they've been talked to death here. I'd like this thread to involve serious thinking about small scale entreprenuerial activities which might help us to weather the storm. I'm going to offer a little of my thinking and just one example of my several strategies to address this.
I think it's a no-brainer that imports will increase significantly in Dollar cost and further, that the US standard of living will be additionally stressed. I also believe that there's a fairly strong liklihood that Chinese imports may not even be available and that if they are, they will skyrocket in price to a greater degree than most other imports. Why? For a variety of reasons outside the scope of this thread, the cost of Chinese goods has been suppressed to a greater degree than say, German or French imports.
With these things in mind, today I ordered twenty cast iron Chinese boxwood stoves from a local hardware dealer. They gave me a 5% discount and I know their bottom line. Ordinarily I could've gotten 10% but this is a very low profit item and since the dealer is part of a national chain, I'm getting them delivered locally for free. This will put me into them delivered for roughly $130 apiece. Harbor freight used to sell the same stove slightly cheaper with free delivery, but they no longer carry them :-( By comparison, Northern Tool carries the same stove for a better price, but adds on truck shipping which queers the whole deal.
OK, what's my thinking here? What else is going up in price beside imported Chinese geegaws? Energy! I think people are already frightened of opening their power bills and this will only get worse going forward. I think woodburning will make a big comeback, just like it did after the 1970s energy shocks and that there will be a thin market for the expensive (and admittedly better) wood stoves. These cheap boxwood stoves should be easy to sell and will make excellent barter material. In truth, I've owned one for many years and they are surprisingly good...considering. A shop wall piled up with dissassembled cast iron stoves is not the most liquid investment, but they are cheap enough that I shouldn't get hurt and I don't intend to flip them overnight.
OK, this isn't Warren Buffet megabux investing. It's tiny, close to the ground and simple.
Anyone else have similar ideas to add to the thread?
Best regards
Doc



