(The next columns will be sort of a radio show, with people asking me questions, and me answering them. We are getting so many new customers, that they will be pretty basic, and excellent for readers to to forward to people they may know, who are either skeptical or ignorant. “PC” will stand for Potential Customer)
PC. “My friend Sally told me I should buy gold and silver. I’ve never done it, and she didn’t really explain it too well. Why should I?
Don “I guess the question I should ask you, is, “Do you think the prices of lettuce, tomatoes, tires, cars, books, lumber, and the like will be going down”?
PC “I doubt it. It seems like everything I want to buy, seems to be more expensive than the last time I bought them. Is that inflation? What causes it?”
Don “By dictionary definition, ’inflation is prices going up, and is caused by an increase in the money supply.’ The money supply is increasing, because politicians can’t control their spending, refuse to balance their budget, and the currency supply is increasing to pay the bills they create, without the permission of the citizenry. We haven’t voted for spending a trillion dollars more than is taken in with taxes, and neither Republicans nor Democrats pay attention to us. They know that by crazy spending, they are literally buying votes.”
PC “What does that have to do with gold and silver?”
Don “Gold and silver are self backed, and cannot be reproduced on a printing press. The ores have to be discovered, mined, milled, smelted, and manufactured into coins and bars, and distributed to would be consumers.. Gold and silver require huge amounts of capital and machinery to manufacture. For centuries, man has dreamed of discovering gold and silver in the earth in quantities to make them rich, and 99.9% of them have failed. Gold and silver have been real money for thousands of years, in all civilizations. Even in the Bible, gold and silver are what was used for money and value. Gold and silver stand on their own, and need no paper guarantees or government backing or approval to be value and real money.”
PC “If I buy gold and silver, what do I do with them? Trade them or barter with them?”
Don “That is a common misconception. If you go to a grocery store, gas station, or even a farmer, and offer a silver coin for merchandise, they will undoubtedly tell you that they have to buy their merchandise, fertilizer, and fuel with dollars, or whatever currency we may have. They can’t pay their bills, write checks, or wire in gold and silver. You need to convert your gold and silver into dollars when you need them, and we charge nothing for the conversion if you bought the gold and silver from us.”
PC “Why should I buy from you? There are lots of ads on TV advertising gold and silver.”
Don “I understand hat Gold Line has an advertising budget of $20 million a year. Who do you think pays for those ads? Their customers! I’ve been doing this since November of 1977, and have watched these firms come and go, along with their terrible ratings from the Better Business Bureau. We do no advertising of any kind, other than word of mouth, and my columns, which works out just fine. A few years ago, I was so busy, that I was going to shut the whole thing down and retire a third time. Then, I remembered my son David, who is in Wisconsin. I called him and told him to quit his job, (He’s an electronic engineer by degree), come out here and learn how to do this. He did, and is doing very well. We got so busy again, that I called my daughter Melissa, who has a masters in historic restoration. She was restoring all those grand mansions on the Hudson River. She lives in upstate New York, and is doing fine. I wanted someone to fill out the Pacific time slot, and called Morgen, my daughter-in-law, who is in Texas, (don’t mess with Texas!), and she is now doing fine. All in the family. We all work out of our homes, have no employees, and pay no rent. No wonder we are cheaper!
PC “What is the advantage of gold and silver over a savings account or CD?”
Don “Savings accounts are denominated in dollars, which are decreasing in value, because the printing presses are running day and night. The point of gold and silver, is to get out of decreasing value dollars, and into real, historic, tangible money. All tangible items are going up in dollar prices, because the dollar is losing value. When I was a kid, Hershey Bars were a nickel and a 12 ounce Pepsi was also a nickel. Same Hershey Bars and Pepsi, bought with the same dollars, but the dollar has lost that much value. In the last 75 years, the dollar has lost about 90% of its purchasing power, thanks to politicians. You have to get out of dollars, and into a tangible thing to keep from being decapitalized. Gold and silver are easily bought and sold, are beautiful and easy to store. They’re real money, and have been for thousands of years.”
PC “Where do I store them?”
Don “Where no one would think of looking! I had a customer once, who said that he used Old Spice stick deodorant, and that empty tube would hold 30 Krugerrands, and no one would think of looking in his medicine cabinet. Keep it in a bank safety deposit box, buy a safe, store it in the attic, or any place you can think of, which no one would consider looking. I have people who bury them in their yard or on their land, make a map and forward it to their kids if they die. I have a safe.”
PC How does it work when I want to buy?”
Don “It’s ever so simple. Merely go to our web site (coloradogold.com), decide what you want, and call one of us. We’ll then buy it for you from our supplier (A-Mark, probably the largest distributor in the world, who buys directly from the various mints), lock in the price and give you a trade number, which means the price has been locked in. Send us a check, which takes but a couple of days to clear, and we order it shipped to you by registered, insured mail.”
PC “That does sound simple!” How do I know it’s real gold and silver, and not counterfeit?”
Don “I have never seen a fake bullion coin or bar. Believe it or not, right this minute in China, they are making thousands of fake numismatic coins, out of real gold, but they are not real antique coins. Our gold and silver comes straight from the various mints. It’s profitable to make fake numismatics stuff, as it is profitable to make fake antique anything, but there would be no profit in making a fake 2013 Ford. There would be a lot of profit in making a brand new Model A Ford. Bullion coins and bars are so close to the spot price, that it would be pointless in making them. Recently, there have been fake large gold bars, but they were so poor and obvious, that they were quickly discovered. You’ll get the real thing from the mints and us.”
PC “Do they ever get lost in the mail?”
Don “I’ve been doing this since November., 1977, and the mail has never lost one yet. It’s the registration that counts. When a parcel is registered, the last person handling it has to sign for it, so that person is responsible, down through the chain. they are never lost or stolen, because they are registered, as well as insured. The mail does take a long time on occasion, if the package gets shipped to the wrong post office, but they are never lost or stolen. You’ll always get your order.”