Don’t Buy a Home. Buy Whiskey and Shotguns.

by Steve Harney on June 13, 2012 · 4 comments

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In yesterday’s blog, we discussed the motivations Kevin Miller, a KCM Crew member, had for purchasing a home. Though we didn’t receive any public disagreement on the wisdom of Kevin’s decision, there were several people who privately expressed their concern for Kevin. They questioned whether it was wise to purchase a home with such economic uncertainty in the world today. With economic Armageddon possibly around the corner, shouldn’t he invest in a more liquid asset such as silver or gold?

These emails reminded me of 2007 when I walked into a precious metal dealer and explained I wanted to purchase a rather substantial amount of silver and gold because I believed financial catastrophe was upon us. The dealer paused and said:

“Mr. Harney, silver and gold are both great investments. However, if you truly believe the financial world as we know it is about to end, you should buy whiskey and shotguns. They will be the only things of value.”

If you think the world is about to come apart, I think that same advice is applicable.

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Steve Harney

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Steve Harney is the leading expert in negotiation and leadership training for residential real estate professionals. His 20 year history of success began as a top performing Realtor before he built his own 500 agent firm. He travels the country sharing his inspirational message with real estate professionals. Steve was also announced as one of the 100 Most Influential Real Estate Leaders in the country, as well as, featured on FOX Business News. For more information on hiring Steve to come out and speak to your organization, click here.

  • Pete

    I’ve been saying the same thing for years!!!

  • Lois

    The only problem with that is they get drunk and shoot each other – can’t win

  • Judy Tracey

    Don’t like whiskey or shotguns, what else do you advise. 

  • http://www.facebook.com/people/Joseph-Patterson/100000277871508 Joseph Patterson

    When one buys silver and gold, one is really speculating in the currency with which they bought the gold.  The value of gold is fairly stable, but one cannot avoid the variation in the value of the currency used to buy it.  Buyer beware!  As for whiskey and guns, when they become viable currency, we will all have much bigger things than currency to worry about.

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