Negative interest? Never heard of it? Sounds strange? A negative interest rate at a bank or institution, means simply that there is a charge for you to deposit your dollars in such a place. You get no interest, and you have to pay for the privilege.
It’s already happening in a few places in the world. Last week, an article in the Journal (Wall Street) indicated it could happen here, and noted that the IRS rules would have to change, etc. I guess so! There’s one thing for sure, and that no matter what happens to paper money, Bit-coin, bonds, stocks, CD’s or any un-backed piece of paper or brass coin, gold and silver will always be here and be real money everywhere.
While gold and silver pay no interest, a quick look at gold prices over the last ten years, as shown by the ‘technical charts’ on our web site, at 3% interest from the ten year low of $1052, gold would still be below its current price, and believe me, it’s at a low price now and is a great opportunity for a purchase. A ‘lsquo;deposit’ of gold, by transferring your dollars into gold, over the past ten years, would have given you a 3% interest rate. The gold would be in your hands or safe, be able to leave to your offspring with no inheritance tax, and just think of the feeling of utter safety by knowing that you have real historic money in your possession, rather than checking the interest rate at your bank, which has been at 1% of less for many years. Can’t afford the 7 ounce minimum without paying the $25 ‘small order charge,’ (which is levied by our supplier not us), then pay the $25 and get a couple of ounces.
Bit-coins
I wouldn’t mention them again, except for a story I heard on NPR a week or so ago, and contrary to the pledge than Bit-coins were a stable number, and is responsible for their high price, (which is absurd, because it is worth a few cents anyway and backed by nothing), is a lie. According to NPR, Bit-coins are being produced by the thousands every day in certain places around the world by nations who are trying to do business with each other without having to suffer Trump’s levies or tariffs. Bit-coins are then having their supply increased by thousands every day, and those new ones will obviously get into every place on earth, including the U.S. I’ve never figured out why anyone would get involved in a coin with fake or no value, just because it can be traded. Gold and silver can be traded, and they have historic, universal, and actual value!
Now on the market, are Santa hats and tee shirts with the inscription “Impeach Santa.” A democrat moron this morning said that they can impeach Trump over and over again, as often as they choose. At the Rush Limbaugh store on the internet, there are a lot of things for sale, but nowhere is it said that any of them are ‘Made in the USA,’ as all Trump hats and things are labeled. Had a customer come here and get some gold last week, and he had a cap on for something or other, and he remarked that he wished he had a Trump hat. I happened to have an extra, gave it to him, and boy was he pleased. Hope you remembered to fly your flag Saturday, which was Pearl Harbor Day. Just finished reading a book titled, “The Burma Road,” which I found at a yard sale, and it is great. I now know all about four star general ‘Vinegar Joe Stilwell,’ the details about the Road, and It gave details about how the Japs treated their prisoners. I give no horrid details, but it re-enforced by resolve not to ever buy anything from them or China, although China was our ally in WW II. It isn’t now!
-Don Stott
don@coloradogold.com