The “bit-coin” fraud I have already written about, so I won’t further bother you with that scam, other than to remind you that a non-precious metal coin selling for about $7,000 is absurd. They say that it’s good because you can use it without declaring it. Gee Dad, you can do that with gold and silver too, only they have real value.
just suppose, as an example, ten years ago, you saved in U.S. dollars for your retirement. Let’s use $10,000 as a base. According to U.S. government statistics, during that ten year period, from 2008 to today, America has had 19.1% inflation. In other words, during the period from 2008 to 2018, consumer prices in all sectors, would have gone up an average of 19.1%, and your dollar would have lost 19.1% of its value, and now would be worth $8,080. The 19.1% increase is U.S. government statistics. You decide as to their accuracy.
Let’s look at other un-backed paper currencies around the world, for just the last four years. You’ll find that all have performed worse that the U.S. dollar. Australia’s dollar has lost 6.2%, Canadian dollar has lost 3.5%, New Zealand’s dollar has lost 5.7%, U K pound lost 4.9%, and Sweden lost 10.3%, all in just four years. $10,000 in U.S. dollars saved over a ten year period, would have lost 19.1% of value or purchasing price, not counting any taxable interest you might have earned, which was very little. A few banks now are charging you interest to save in them, believe it or not. Not to bore you, but as a kid, gas was 20 cents a gallon, and 12 ounce Pepsi’s were a nickel, and gold was $20.67.
Gold in September 2008, was a bit over $750 per ounce, and as of Friday, as I write this, spot gold is $1202.50, over $100 down in price from earlier this year, and surely it will return and go higher…in my opinion. My point is simply that if you had bought gold ten years ago, you would be ahead now, and if you had saved in a U.S. dollar savings account with interest, you would be behind quite a bit. You couldn’t leave the dollar savings account, or dollars in a bank to your kids if you died, without going through expensive probate, but you could simply tell them where you had it hidden while you were still able to converse, and they could go get it.
Long before I retired, probably seven years ago, I had a really good customer, Harvey, who had made a fortune, believe it or not, buying and selling cemetaries. How he did that I have no idea, but he said that’s how he got it. He bought lots and lots of stuff from me, and he must have taken ill suddenly, as I didn’t hear from him. A year or so later, a woman called me, said she was Harvey’s daughter, and asked me how much inheritance taxes she would owe, since she had recovered all of Harvey’s gold and silver. I asked her if she had inherited his home and property, and she said she had, and that the attorney had asked her if there was anything else. She said no, admitted she had lied, and that was her reason for calling me. I told her that Harvey bought gold and silver (mostly gold) because he figured he might eventually die, and he wanted his metal to go to his daughter with no taxes, and he told her where it was. Harold had paid income taxes on the money he used to buy gold from me, and he couldn’t see his daughter having to pay taxes on stuff he bought after already having paid taxes on that income. If you bought an old sofa for $5 at a yard sale for your dog to sleep on, and you picked up a cushion and found a Krugerrand under it, or you had a metal detector and were perusing a ghost town cabin which had collapsed, and found a gold coin under the wreckage, would you declare it? That actually happened to a customer of mine.
Had you invested your $10,000, ten years ago in any other paper, un-backed currency, which is all of them, you would be even further behind in your retirement, than if you had kept it in U.S. dollars; and even further ahead if you had bought gold with those other fake monies. The U.S. buck is fake money also, even though we use it to follow the ‘legal tender’ law, and it is the best of them in the world. Use it to protect yourself. Brief column? Surely, because it is all so simple. Talk about simplicity; look at Colorado Gold’s three agents, David, Melissa, and Morgen. All three work out of their homes, and have no office rent to pay. We do no advertising, have no employees, and call no one. You call us when you want gold or silver, because when someone calls you, they don’t give a good damn about you. They make a commission on what they sell, (convince you to buy), and usually lie through their teeth, I have heard. I have never called a TV advertiser, as I don’t want them harassing me since they would have my phone number. Hope your Labor Day weekend was fun! Don Stott – 1-888-786-8822