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Online Discussion: Tracking new emerging diseases and the next pandemic.

OVERSTOCK Is Prepping

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Satori View Drop Down
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    Posted: October 25 2015 at 5:02am


Overstock Holds 3 Months Of Food, $10 Million In Gold For Employees In Preparation For The Next Collapse

http://www.zerohedge.com/news/2015-10-24/overstock-holds-3-months-food-10-million-gold-employees-preparation-next-collapse


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    We are not big fans of Wall Street and we don't trust them. We foresaw the financial crisis, we fought against the financial crisis that happened in 2008; we don't trust the banks still and we foresee that with QE3, and QE4 and QE n that at some point there is going to be another significant financial crisis.

    

    So what do we do as a business so that we would be prepared when that happens. One thing that we do that is fairly unique: we have about $10 million in gold, mostly the small button-sized coins, that we keep outside of the banking system. We expect that when there is a financial crisis there will be a banking holiday. I don't know if it will be 2 days, or 2 weeks, or 2 months. We have $10 million in gold and silver in denominations small enough that we can use for payroll. We want to be able to keep our employees paid, safe and our site up and running during a financial crisis.

    

    We also happen to have three months of food supply for every employee that we can live on."
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OriginalHappyCamper View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote OriginalHappyCamper Quote  Post ReplyReply Direct Link To This Post Posted: October 25 2015 at 5:17am
I do not believe that gold, silver or paper money will be worth anything when the collapse happens as most commerce will shut down, and those that have will become targets of those that have not. Riots and terror will become the norm as lawlessness abounds. Blood will run deep in the city streets. Thanks Obummer for all you have done, NOT.
Jesus Christ died and was raised on the third day, the only "God" to overcome death.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FluMom Quote  Post ReplyReply Direct Link To This Post Posted: October 25 2015 at 11:15am
I have looked at getting gold but you can't eat gold, you can't protect your home with gold, you can't drink gold, you can't heat your house with gold.

If you look at the battle of St. Petersburg the people had gold and furs but it did them no good because no one had food or wood to trade. So the gold diamonds and furs were worthless.

If TSHTF, I want food, water (or the way to make potable water), and wood to heat my house. I keep saving to purchase hand tools, saws for felling trees and all the other stuff for needed to produce firewood, food, ammo, one or two more guns I need, bullet proof vests, back up items for my wood insert, and anything else that will keep my family alive. NO GOLD for me can't do much with it if a real SHTF comes at us.
Always Be Prepared
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