Make Money as the World Goes Mad

“You need to live in a community of like-minded individuals. Everybody has to be on the same page… And everyone needs to know their role.”

That was one of the main bullet points legendary investor Mike Schaefer offered at the 2008 Peak Oil Summit.

We were having dinner at the Lodge at Whitefish Lake, near Kalispell, Montana, discussing how to safeguard our families and wealth during a cataclysmic event if the price of oil suddenly spiked to $150… $200… maybe $300 a barrel.

After a dinner of succulent Caribou filets and buttermilk whipped potatoes, we settled in the lounge and discussed further Peak Oil preparations over a roaring fire.

Mike sipped on a Caesar while Greg McCoach drank lemonade. Bill Lowe and I guzzled a bottle of Acacia Pinot. Delicious.

Mike had already set his plan into motion, having bought an “escape house” in Whitefish, explaining, “You need to be near a rail-line, so they can ship in supplies. There’s a rail-line 1 mile from here. You also need a fresh water source. Whitefish Lake provides all the water I need.”

Then Greg chimed in…

“You need to stockpile food… and lots of it. Pay down debt. Better yet, get out of debt altogether. Build up your gold and silver stash, because the dollar will get diluted into dirt and become worthless. Precious metals will become the only true currency. Buy palladium, it’s going to the moon.”

Greg was spot-on about palladium.

Unfortunately, I didn’t follow his advice.

But had I taken his recommendation and loaded up on palladium, I’d be sitting on a 400% gain in just three years.

Take a look at the chart:

I recently invited Greg to stop by the offices of Angel Publishing in Baltimore.

Given the chaotic events occurring around the world, I wanted to pick Greg’s brain about how he’s preparing for the worst.

WealthDaily