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Sunday, December 18, 2011

Food and Supplies MUCH better than gold

Here is a quote by Brigham Young:

"But pause for a moment, and suppose you had millions of bushels to sell, and could sell it for twenty dollars per bushel, or for a million dollars per bushel, no matter what amount, so that you sell all your wheat, and transport it out of the country, and you are left with nothing more than a pile of gold, what good would it do you? You could not eat it, drink it, wear it, or carry it off where you could have something to eat. 

The time will come that gold will hold no comparison in value to a bushel of wheat. Gold is not to be compared with it in value. Why would it be precious to you now? Simply because you could get gold for it? Gold is good for nothing, only as men value it. "
(Journal of Discourses, 1:, p.250).

Now compare what Brigham Young said to the following article:

Here is a link to a very interesting article dispelling the notion that you should have gold when times are tough (like during war or during a total collapse of society).  This man lived through the Balkan Wars of 1992-1995, and this is what he said about gold:

It is interesting, isn't it, that this man is also advocating for owning food and supplies, not gold.  It looks like Brigham Young was correct.

(Of course, I believe Brigham was a living prophet of God, so I am glad to see his ideas corroborated by someone who lived through a war.)

1 comment:

  1. I totally agree with this post: food and supplies are a better store of value than gold/silver. In addition, don't overlook the potential benefit of storing additional value in precious metals AFTER you have acquired all that you desire for food and supplies. I am thinking more than a years supply here-the council is 'at least' a years supply. Earlier council went as high as a seven-year supply. After you have what you feel is prudent in food, supplies, gardening seeds, tools, guns, ammo, other 'real' property pertinent to you (such as tools for a trade you have skills/interest in), etc. DO consider gold and silver as a possible store of value vs dollar denominated assets (think stocks/bonds). We must hedge against a collapse of the US dollar. DO IT NOW! Oh, and don't forget, "First and above and beyond everything else, let us live righteously."