Life is full of chances one must take, just to live. Did I pick the right mate? Did I buy the correct car, home, neighborhood, job, town or city in which to live? Correct doctor, insurance, church, friend, and on it goes. The one thing we MUST do as we get older, and that is save or plan for retirement. Smart people always think to the future, and survive nicely. Dummies never even think or consider their future, and old age is not at all pleasant for them. I am not a dummy, and have planned for my future. Hell, I’m 84, and am glad I did! What did I do? Never had a share of stock, annuity, or even a savings account. When I had money, throughout my long life, at least till I reached 50 or so, I spent it on whatever I wished. I have had 105 cars in my life, and have traveled all 50 states, the UK, Scotland, Italy, and lots of places. Had a ball! But when I got involved in precious metals, I began to think sensibly.
The most common thing people do, is start a savings account. Fine, and savings accounts pay 1% interest, or even less. A year ago, July, 2017, gold was $1214.40, and silver was $15.68. Add 1% to gold and you get $1226.54. Add 1% to silver and you get $15.83. I’m writing this on Saturday, July 7, 2018, and market close on Friday for silver was $16.11, and gold was $1256.30. Both up about 3% over the year, not the 1% of a savings account, and no deductions with metals. Just an example, and one can go back to gold’s $20.67, and silver a couple of bucks an ounce, if you choose. I am not going to check stocks, because we deal in ‘precious’ metals, and please note the word ‘precious!’
Doing something out of the ordinary is difficult for everyone. Throughout our lives, we have always done things in a certain way, be it table manners, driving habits, sleeping, and everything we do. Catholics rarely change, and neither do Protestants. We love the music we were raised with, or listened to as a child. I love bluegrass, classical, and big band, and that’s because that was what I loved as I grew up. Heavy metal, rap, and what I call junk which kids listen to now a days, I cannot understand why. There’s no harmony, love, or any of the 40’s music’s content. Sinatra, Goodman, and big band artists, always sang and wrote about love. “Blue orchids only bloom in your eyes,” as an example. Hear any tender words about a girl or guy in modern music? Nope. You can have it.
Saving in gold and silver, rather than dollars is a really strange idea to 99% of people. They’re used to dollars, savings accounts, annuities, etc. “I have 10% of my retirement in precious metals,” is very common. You have saved 10% in historic money, which can’t go to zero, as have all un-backed currencies in history? Yup. Congratulations, but not me. For the average person to change music likes, religions, favorite car brands, restaurants, etc, simply is inconvenient, and requires a total remake of the outlook. It isn’t easy to change any habit, and I have never smoked, but I have read that nicotine is the most addictive drug on earth. If I smoked all my life and realized that it is an invitation to lung cancer, I would stop and get over my addiction. My Dad started smoking at age 15. He died of lung cancer at age 63. He then stopped. I got tired of being a bit overweight and lost 45 pounds a couple of years ago. I have kept it off, and I am sure it is good for my health. Not meaning to lecture, but it seems to me that a smart thing to do is to save in historic money, not un-backed currency paying 1% interest. You decide, and if it would require radical change in your habits and thinking, it’s up to you. Remember, you can leave any remaining metals after you die, to your kids with no inheritance taxes!
As an aside, and I am not preaching, but if you look up Joshua 24:15, and substitute ‘save’ for ‘serve’ and ‘precious metals’ for ‘God’ or ‘Lord,’ sort of anyway, you will get the picture! Don Stott 1-888-786-8822.