Ever since my Boy Scout days their “motto” of “Be Prepared” has been my guiding philosophy. Buying when things are plentiful is much better than fighting the crowds when things are scarce. (Think toilet paper in 2020).  Unfortunately, “hoarding” has gotten a bad name because some individuals try to buy up all the scarce supplies WHEN THEY ARE SCARCE but if you buy when they are plentiful, it isn’t hoarding… it is being prepared. And rather than being a bad thing… it is actually a good thing.  Here’s why: If you have your own supply you won’t be competing with the unprepared for the scarce resources.  You may even have enough to share some with your friends and neighbors.  In today’s article by Elliottwave International, we’re going to look at scarcity and its companion austerity and how they relate to the cost of money. ~ Tim McMahon, editor