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Doug Casey: Two stores of wealth you've never, ever considered
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Thursday, July 16, 2009
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From Conversations With Casey:

...they keep raising the taxes on cigarettes – a pack now costs $10 in some places in the U.S., that’s 50 cents per individual cigarette. If you’re American and are going to be storing things, you probably can’t go wrong building a stash of cigarettes. Even if you don’t smoke – or perhaps especially if you don’t smoke – every time you return to the U.S., you should buy the maximum amount of duty-free cigarettes allowed and store them.

The other thing Americans should do is buy a lot of shotgun shells, 9mm, .45, .223, and .308 ammo. Even if you don’t shoot, you can set those aside and store them too, because they’re going to be taxed and regulated to the nth degree. And properly stored, they keep for a very long time.

In fact, anything regulated by the Bureau of Alcohol, Tobacco, and Firearms -- one of the most corrupt, dangerous, and useless of all federal bureaucracies -- is likely to go up considerably in both price and value. It’s perverse that the U.S. has a bureaucracy to regulate the three things you need for a hunting trip or a good party.

Read full interview by signing up for Conversations With Casey (wonderful report on "The End of the Nation State" included with FREE subscription).

More from Conversations with Casey:

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Doug Casey: Traders who make this bet "are going to make a fortune"

Doug Casey delivers scathing review of Vietnam architect Robert McNamara

Topics: Doug Casey | Taxes | Cruxallaneous
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