- While researching a magazine article on offshore investing, I interviewed Erica Nolan, executive director of the Sovereign Society. She noted that her client base is changing: "Historically, offshore solutions have been reserved for very high-net worth individuals. . .Most recently we've been seeing a big demand from Americans saying 'I just want to put $100,000 or $500,000 offshore. I'm reporting it; it has nothing to do with taxes.' It's just asset safety at this point."
- My father-in-law decided he wanted some gold, so I called a local coin store and asked Kevin, the shop's owner, to find us some Krugerrands. He predicted a few weeks for delivery, which seemed reasonable given the chatter about tight supplies, so I placed an order and wrote a big check. That was three months ago, and the coins still aren't in.
- A friend, business owner and semi-professional poker player just back from a Seattle gambling trip. Instead of talking poker, we toured his stash of freeze-dried food and his growing arsenal that includes a Dirty Harry-style 44 magnum pistol and a cool black pump-action shotgun. This guy is well-educated, well-traveled, and well-off, and he's preparing to blow away looters from his bedroom window.
- My 11-year-old son Alex and I stopped by a local gun store. We had some general questions for the shop owner about gun safety classes and the best "starter" rifle. He said our selection was limited: It seems that there's a run on ammo. Later, I Googled "bullet shortage" and that market looks just like those for gold and silver coins, with demand swamping supply, long waiting lists, and panicky hoarding.
No Gold, No Bullets: Now It's Personal
Source: GoldSeek, John Rubino (6/22/09)
"It's no secret that small-denomination bullion is hard to come by and gun sales are way up. . ."