The TV airwaves are full of gold dealer’s advertising. It’s fun to watch the ads. There’ll be some official looking guy with a storm in the background, or in a fake office set with a gas fireplace going on at the rear, or whichever company advertises. Then there is Gordon Liddy, the tough guy ordering you to buy from so and so. I have heard that Goldline has an advertising budget of $20 million a year! Guess who pay for that! One of the most common of their bleats is that, “Gold will never go to zero.” Huh? Go to zero? Is that phrase a come-on to buy gold? Buy because it will never go to zero? I think it’s stupid.
Anyone with half a brain will realize that nothing tangible can possibly go to zero. Piece of paper in the form of stocks go to zero? Sure, as can any piece of paper with ink on it. Pieces of paper with ink on them with promises of this and that, are only as good as the person issuing the paper. “Lifetime guarantees,” of things issued by some company which sells stuff made in China, is as valuable as a piece of chewed bubble gum. Guarantees of any kind, issued by any one or any corporation mean nothing, because that person or corporation can themselves go to zero.
Gold go to zero? How absurd. Gold and silver are historic tangible money, in all nations, and throughout all ages. Gold and silver depend on no government for their value. They are self valued. There is no government on earth makes gold and silver their legal tender any longer, because they couldn’t give it away like they give away pieces of paper with imprimaturs of supposed value. Elected representatives from all nations love paper money, which incidentally can go to zero, and always has…eventually. They love it because they can order gobs of it printed so they can give it away and make themselves heroes, even though the more printed, the less it will buy and be worth. Just think! 434 Representatives get re-elected by having billions of dollars printed, so they can give them away to their constituents, so they can be re-elected. Everyone is taxed with declining value dollars, but few realize it. The whole thing is so absurd, as to be laughable. The fact that dollars used to be backed by gold, and aren’t now, is an indication of how far down politicians have gone, and taken their constituencies with them. Paper money, welfare, huge bureaucracies, and handouts, are where we are now, not the America our Founders designed.
What then, can go to zero? Nothing tangible. Nothing physical. An old worn out tire? No, because a cement manufacturer may burn it to make cement. Worn out railroad ties are sold to people to use as garden borders. Waste motor oil is re-refined and re-used, or used to keep the dust down on gravel roads. Broken bottles are re-cycled. Plastic pop bottles are being made into railroad ties and park benches. Worn out computers have precious metals in them. No tangible thing can go to zero. Close maybe, but not to zero, because all tangible things have physical materials in them which can be re-used. Manure is used as fertilizer, and paper is used to make more paper. Sawdust is used in stables and to make pellets for home heating. Scrap metal is melted down and re-formed into new things. Worn out asphalt on roads, is re-cycled into new asphalt. On it goes. Why advertise that gold cannot go to zero? I have no idea.
This morning, as I was finishing this, the History Channel had a two hour piece on Ft. Knox, and all the elaborate security systems in place. I don’t think there’s an ounce of gold in Ft. Knox, but the piece said that “America’s wealth is stored in Ft. Knox.” Gold of course. Also it was said that a ’hundred billion dollars in gold is stored there.” A hundred billion dollars worth of gold? With a three trillion dollar deficit this year alone, and a hundred trillion dollar unfunded debt? A hundred billion dollar stash sounds like peanuts to me, but the basic fact of mythical gold being valuable and requiring elaborate security systems to guard “America’s wealth,” shows what real wealth is, and not paper money.
We don’t spend a penny advertising. Not a dime. We never call anyone either. Our web site site is looked at daily by hundreds of thousands of people around the world, and my columns are avidly read my tens of thousands. If someone calls you, they have something to sell you which will make them an extra commission, bonus, or other reward. If you call someone, you want something a purveyor has to offer. If you go to a grocery store, you go to buy something because you need it or want it. The grocery store doesn’t call you! Be aware of gold and silver hucksters who call you, as they all do. They sit in their little cubicles, and try to make a living pushing on you what the boss orders.
Why are we the only company which has all the prices in plain view on our web site? Because we are honest and have nothing to hide. We don’t want you to call us to find out what a Gold Eagle’s price is, so we can try to sell you something else, or mark up the price. No, we are not shysters and have a Better Business Bureau rating of “A.” One of the largest gold and silver dealers, which has been around for decades, as a BBB rating of “F.”
This started out about going to zero, and I seem to have wandered. To tell people that precious metals, which have been true money for thousands of years, can’t go to zero, is so absurd, that I am surprised any company would advertise that way. Not advertising is quite common in all fields. Millions of shops and businesses don’t advertise, but prosper on goodwill, reputation, price, location, decoration, friendliness, honesty, dependability, etc. We don’t need expensive advertising, which would have to be tacked on to our prices. All advertising, in any field, is paid for by customers. A full page ad by a car dealer? Buyers of cars pay for it, and it’s the same with all advertising. Bulk mail, radio and TV? Same thing.
Oh yes! As a classic example of the crud that is on the internet, did you notice that there wasn’t a “bank holiday,” like the morons predicted would happen on August 26th? Glenn Beck, yesterday, said that he has a feeling that a ’terrible event’ is going to happen, and that when it does, the government will clamp down on ever more freedoms. Can’t ague with that one. The un-constitutional ’Patriot Act,’ put in place after the inside job of 9/11, took a lot of freedoms away and enlarged government. Another inside job ’incident,’ would take even more freedoms and enlarge government ever more. We need to get the big government albatross from around our collective necks before it chokes us to death. Call, write, or e-mail your Senator or Representative, and don’t let them vote away our nation. Protect yourself and try to get away from the big cities.