Hi, RH...happy 2 respond re: Ur 3 scenario Qs 1) Y2K non-event, 2)intermediate interruption, 3) meltdown in 3 categories:
A) asset protection B)income protection, C) Buying power.
As you can easily see, you've asked a compound question, with multiple variables requested for answers. This will obviously take more than one post, and more than I can possibly tackle in one day.
Thus begins the O/49r series of Gold related posts using your Framework/Outline, but maybe in slightly different order, OK? It is my desire this becomes the groundwork for exploration and discussion as I don't have all the answers, or else I'd be living, solar dependent in the SW desert somewhere(grin)
Let us start with the easiest, shall we...the Y2K non-event in A)Asset Protection, B)Income Protection, C)Buying Power.
Y2K Non-Event
A) Asset Protection in Y2K Non-Event
Tangible assetsL
can be protected by:
concealment including camoflage,
personal skill and possession of firearms,
hiring of personal security,
relocation of tangible asset to offsite safe storage places,
and last but not least, PAY DOWN DEBTS, so assets are WHOLLY OWNED!
Intangible assets
can be protected by:
changing form of asset from paper 2 a tangible.
Conclusion: In Asset Protection re: Y2K non-event:
Tangible values will rise as assets seek new valuation categories for concealment & appreciation. Then they will rapidly retreat to pre-Y2K levels.
Intangible assets will find themselves in a decreasing sine wave, IMO, as the debate rages over whether it is going to be a non-event. They will take much longer to recover their Pre Y2K valuations, even if non-event.
Your second Q? B)Income protection in a Y2K non-event:
The best concept I've come up with is to diversify sources of income:
If one only has salary,
then come up with a home business, part-time job, 24hr Virtual store front, ie., web-site delivered product/svcs.
Concentrate on information research and delivery, encryption skills, image creation and scanning, etc, where mark-ups are much higher than 35% before EBTIDA. Take seminars in business writing, and ad copy creation or team up with a creative type in computers and sales pitches. Look for niche marketing to the panic/hysteria stricken before our telecom linkage goes on the fritz.
Join a voluteer organization with an eye to it possibly becoming a paid position in the event of downsizing/lay off announcements, even if Y2K is non-event.
Survey landscape so one can take advantage of business opps that succumb to Y2K hysteria.
Conclusion: In arena of Income Protection re: Y2K non-event:
Income Diversification and capitalizing on business acquisition opps seem best course in Y2K non-event scenario.
******
Your 3rd Q: C)Buying Power in case Y2K is non-event.
Certain necessities, food, shelter, BASIC clothing, transportation, health care are likely to rise in price more quickly in a hysteria, and not retreat to pre-hysteria levels as quickly when hysteria passes.
Count on some kind of price gouging protection legislation to be passed, and then eventually removed in Y2K non-event postscript.
Study after effects in previous price and wage freeze era's under Nixon and Carter for a gauge of future aftershocks, inorder to plan.
Most buying concern FWISA, is in the case of transportation:
If you don't own a bike(with ample padded seat of course), golf cart, moped, or skateboard...
GET ONE,
or
invest in those who will be promoting same.
Used and new mobility items will go up in price in pre Y2K hysteria, and will be fun to own anyhow in Non-Event scenario.
Also, be prepared for toting home whatever you procure...even sacks of bread (with the mandatory box of donuts or whatever) are heavy after 6 blocks with our overweight society.
Look for investment opps in this niche delivery area. Ditto solar, wind generation, battery powered gadgetry, inverters & converters, generators, home-made stills, brewery class suppliers(grin) fuel and water storage tank mfgrs.
Conclusion: Buying Power Protection in Y2K non-event:
Increase buying power with the wise diversification of assets into asset appreciating niches profiting from Pre-Y2K hysteria.
The 2)Intermediate a/w/a 3)Meltdown effects of your 3 scenarios will have
have to wait until a later date. All this thinking is hard on mah brain(grin)
In my next post, I'll deal with the specifics regarding the usage of gold in Pre & Post Y2K hysteria scenarios. |
