Some companies keep a rainy-day fund. Overstock.com is preparing for the apocalypse.
Saying there’s a “10 to 20 percent chance” of a financial collapse in the next few years, the dot-com’s chief, Patrick Byrne, has stashed away $10 million worth of gold and silver, plus several thousand emergency preparation kits, complete with enough food rations to last his 2,000 employees and their families 30 to 60 days.
“We have food and gold, but we don’t walk around with guns or something. We’re not preppers,” Byrne told The Post.
“If there’s a financial system meltdown, if the Internet shuts down and credit cards shut down, we can pay people.”
Byrne said the survival stash is tucked away in some of Utah’s legendary storage bunkers like those built into Granite Mountain, which he claims are so secure, they could withstand a nuclear attack. Full story...
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Saying there’s a “10 to 20 percent chance” of a financial collapse in the next few years, the dot-com’s chief, Patrick Byrne, has stashed away $10 million worth of gold and silver, plus several thousand emergency preparation kits, complete with enough food rations to last his 2,000 employees and their families 30 to 60 days.
“We have food and gold, but we don’t walk around with guns or something. We’re not preppers,” Byrne told The Post.
“If there’s a financial system meltdown, if the Internet shuts down and credit cards shut down, we can pay people.”
Byrne said the survival stash is tucked away in some of Utah’s legendary storage bunkers like those built into Granite Mountain, which he claims are so secure, they could withstand a nuclear attack. Full story...
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