Category Archives: Finance

Insurance is an Important Part of Being Prepared

insurance

The even put up plastic to contain everything in the kitchen area.

For years I have thought that one thing we needed to include amongst our preps is a good homeowners insurance policy on our property. As a result, I have always had good homeowner’s from The California State Automobile Club.  Now over the years I have had a few minor claims but nothing major, until last Wednesday.

We were home in the afternoon and my wife had a load of washing running in the kitchen.  All of a sudden, I heard her yell the washing machine is leaking. I ran in and found the kitchen floor to be almost an inch deep in water. …

Read More...
Posted in economy, Finance | Tagged , | Leave a comment

How to Keep From being Ripped Off While Buying precious metals

precious metalThis morning I talked with my friend Blake who owns the Pacific Rim Gold & Silver LLC, a local coins shop.  We were talking about the various ways you can get ripped off while buying precious metal.

In a near by town in Northern California, several people were recently ripped off by an unscrupulous coin dealer.  There are currently a number of counterfeit coins made in China showing up on the west coast and on ebay.

The first rule is that the coins or bars should have the correct weight.  Precious metals such as gold and silver are normally sold by the troy ounce. …

Read More...
Posted in economy, Finance | Tagged | Leave a comment

What You Need to Know to Buy Junk Silver

junk silverBuying and selling silver and gold is always a problem, there are many people who will take advantage of you if they have the opportunity.  For this reason, I would be very careful where I purchased my precious metals.  My first rule would be never buying any of Ebay. Personally, I would recommend junk silver

Junk silver generally refers to pre-1965 circulated silver dimes, quarters, and half-dollars that are comprised of 90% silver and 10% copper.  Major coin dealers generally sell these in $1,000 bags.  The $1,000 reflects the face value of the coins (i.e., the legal tender value of the coins). …

Read More...
Posted in economy, Finance | 11 Comments

Computer Malfunctions and Your Finances

Computer malfunction

This is what I feel like when I watch the news

This morning I have been watching the problems with the New York Stock Exchange, United Airlines and the Wall Street Journal. Computer glitches halt trading on New Your Stock Exchange. Now I don’t know the source of the problems, but it is enough to make you wonder.  So far, both the government and the stock exchange have stated that it does not appear to be cyber breach, but is a computer malfunction.

Looking at the situation from that of an outsider, I am amazed that a simple computer malfunction or technical error can bring down an institution of this size. …

Read More...
Posted in electronics, Finance | Tagged | 1 Comment