Saturday, March 07, 2020

Gold and Silver And Toilet Paper

The new hedge against a global crisis

The coronavirus has even kicked the climate change calamity off the front pages for a day or two. Even in Nanaimo, except for some out of work folk occupying a local bank in their misguided attempt to save the planet.

The local supermarket I frequent had nearly bare shelves where usually all brands of bum wipe are in great abundance. I commented to the clerk on my way out that they seemed to be 'wiped out' in the toilet paper aisle. She told me there had been a mini riot at the local Costco the night before and they had to even engage security in the tissue aisle.

Costco was my next stop, as I have found that first thing Saturday morning is a good time to avoid the crowds at this popular shop. I was mildly surprised at the number of cars already in the yard at my arrival, and the length of the lineup of folk waiting for the doors to open.

Inside navigating the larger than usual crowds, which also seemed to be more purpose driven than normal, hardly anyone was not loading up on the next great commodity .............. bum wipe. I even observed one fellow with the large flat commercial cart loaded as high as it could be with the valuable commodity.

It seems that it takes little to panic the herd these days. One thing I find a little curious if you are wanting to plan for supply chain shortages and prepare for a health issue, wouldn't it make more sense to be loading up on non perishable food stuffs and cold and flu medication??

I am not joking when I tell you on a local Facebook site someone was offering three packages of Costco bum wipe for the FIRM price of only $500.00.

If you haven't already done it, you might want to sit down with your financial adviser and decide how much of your investment portfolio should be in those three apocalypse-hedging commodities ...... gold, silver and toilet paper.


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