Overstock.com is hoarding gold and food for the next time that the fake money system gets into trouble.

Wow, even I was shocked to see Overstock.com publicly making statements about storing gold and food for the benefit of employees in advance of the next "economic miscalculation".  The chairman of the company is quoted as follows: “We want to be able to keep our employees, paid, safe, and our site up and running during times of financial crisis,” he said. “We’re not big fans of Wall Street, and the big banks, and we don’t trust them. We foresaw the financial crisis.”

 

The article goes on to say that "The company has about $10 million in gold and precious metals, and three months of food for each employee and one other person in its inventory.".

 

And so it begins, first with the most conservative corporations but eventually it will be true at most if not all corporations of any size: gold will be hoarded and eventually show up on the balance sheet as a cash asset.  I am on record as having predicted exactly this in several posts such as this one where I wrote, "...one huge trigger that will likely get the herd really interested in gold will be when corporations, fearing the government printing presses, begin to seek safety in physical gold which they will begin listing as assets on their corporate balance sheets.  Nobody but nobody in the financial media is talking about this today.  The only corporations which have even breathed a word of this strategy are mining companies and even among them there is still no real push in this direction.  But it will happen because it has to happen as the fraudulent fiat currency continues to die.  Those corporations which do not figure it out will die right along with the fraudulent currency. "

 

The leadership at Overstock.com has lost confidence in the con men running this con game and their response was to stock up on food and gold in order to ensure business continuity during whipsaw financial events that are certainly headed our way at some point in the future.