REPEAT: MY SON DAVID IS ON VACATION TILL MONDAY. FOR SERVICE, CALL ME, DON, HIS DAD, AT 1-888-786-8822
A one time client called me Wednesday, and I got his card out. He, on 5/12/04, (four years ago plus a couple of days), had bought ten ounce silver bars at $61 each. Today, they’re $174.60. He was thinking about buying some more, but was going to drink a cup of coffee to think about it. Never called back. Think about it? In four years and two days, he had made a shade under 300% on his investment. I would bet that he has his dollars in a savings account or CD, and is making 2%. He has made about 73% a year on his silver, and this is when it is down to the high $16 range from $21. He’s thinking about it over a cup of coffee?
My friend Lou came by today, after his weekly Bible study, and he was talking to one of the guys after the class about silver. You know, the silver spoken many times about in the Bible. The fellow said that he was ’scared’ of silver, and he’d stay in his dollars. I have all of my clients records on 4″ X 6″ index cards, with nothing on a computer, for safety’s sake. One drawer of cards is labeled “old,” because I haven’t heard from them in a few years. From the “A” file in the “old” section, taken one after the other, just to show you how ignorant people are: On 2/6/03, Jill bought 500 Silver Eagles for $6.14, now $18.45. On 2/9/03 Larry bought them at $6.37. On 6/2/98, Glen bought 25 Krugerrands @ $289.75 and today, they’re $906.20. On 7/2/02, Clint bought 4 – 100 oz silver bars @ $514, and today, they’re $1746. On 9/19/03 David bought 20 Krugerrands for $385.80, and on it goes. Maybe they’ve bought from someone else in the meantime? I doubt it, because my prices and service have always been better than anyone else’s, and my reputation proves it. (I try not to be conceited)
Maybe they’ve stored the stuff away, and forgotten about how well they’ve done? Possibly. Maybe they have spent their dollars paying off debts or buying consumer goods? Could be, but they haven’t sold through me, so I assume they still have the gold and silver in their possession, it has increased in dollar prices by huge amounts, and the dollar amounts continue to grow. Why don’t they buy more? How can anyone be ’afraid’ of owning beautiful silver and gold? I’m afraid of owning paper scrip! I hear every day about big outfits driving people nuts by continuously calling and harassing former customers with ’super deals’ on numismatics, which are obviously rip offs, as people who have bought will readily witness. (Call me and I’ll e-mail you a column I wrote on the subject). Neither my son David nor I, would ever call anyone, because people don’t want to be bothered, and we haven’t got time anyway. I am simply amazed at how utterly ignorant people are about simple economics.
Like Lemmings marching off to the sea, or one dumb sheep following another sheep, even to jumping off a cliff, which they have been known to do, so stupid are they. 99 % of the ’sheeple’ as we like to call them, are headed for calamity, as their pensions, savings, and annuities continue to shrink in purchasing power. As more and more people wake up and realize the beauty of real, historic, tangible money, in the form of gold and silver, the demand may outstrip the supply, and there will be no limit in the price rise potential. People around the world are slowly beginning to wake up to the fallacy of paper scrip, and gold and silver could go the way of oil. The previous quotes of how former clients have done, simply show what has happened as the dollar has faded over the years, and don’t count on an increase in demand.
The increase in oil prices, are simply the result of increased demand. The Chinese and Indians (from India) are reaping the results of their increased incomes, by buying millions of cars and filling their tanks with gasoline, which results in a shortage of oil. Shortage? NO! There will never be a shortage of anything, as long as there are no price controls. Increased prices control demand in oil, gold, silver, and bananas. In America, people are driving less, because it costs so much, but the gas stations still have lots of gas. If, a-la- Nixon, there were price controls instituted, there would be no gas. As years pass, what happened to the above ex-clients as far as increased dollar values are concerned, will continue, only probably on a larger scale. There’s no limit to the amount of scrip that can be printed, but there might well be a limit on the amount of gold and silver available to be mined. Not now, but it could happen. If it did, ’Katy bar the door,’ as far as prices would then be. Meantime, even a 20% increase in dollar prices a year would be fine, but it’s always been far more than that. Have a great weekend, and tell your sheeple friends, from me, to have one also, assuming they have enough brain power to realize that it’s spring and beautiful outside.