Doomsday prep for the super-rich

The New Yorker/Evan Osnos/1-30-2017

“Survivalism, the practice of preparing for a crackup of civilization, tends to evoke a certain picture: the woodsman in the tinfoil hat, the hysteric with the hoard of beans, the religious doomsayer. But in recent years survivalism has expanded to more affluent quarters, taking root in Silicon Valley and New York City, among technology executives, hedge-fund managers, and others in their economic cohort.”

MK note:  Everyday on this page we report on the reasons why gold ownership makes a great deal of sense to ordinary investors.  In doing so, we have always taken exception to the mainstream media’s portrayal of the ordinary gold owner as “the woodsman in the tinfoil hat”. . . .etc, etc, etc.  I would think that media are  probably utterly amazed that people like Steve Huffman (Reddit, CEO), Peter Thiel (PayPal founder) and the long roster of other luminaries mentioned in this article have been identified as “preppers” in one capacity or another.

They would probably be even more amazed that a good many of this group are likely to be gold and silver owners as well, along with a good many of the doctors, dentists, lawyers, entrepeneurs, and small business owners (to name a few) who make day-to-day life work for all of us.  Gold is and has been a Main Street endeavor for as long as I’ve been in the business even if those who aspire to shape public opinion would like to believe otherwise.  This article received a great deal of attention over the past week and it is not difficult to understand why.