I must have heard that a hundred times over the last 43 years that I have been dealing with gold and silver. “It’s just a pretty metal. I want dollars with which I can buy things. It’s the strongest currency in the world. If the economy crashes, I will need dollars to buy food with and stay alive, not gold.” “I want a savings account in a bank with good old U.S. dollars in it, so I can draw out my savings and use them if needed.” An on it goes. It’s a very common expression for the probably 90% of the world’s populace who are non-thinking, mouth-breathing, non-reading people, who always seem to be the ones hurt most when things go badly. Ever realize that a bank’s FDIC insurance has about a nickel on hand for every $100 worth of insurance?
So you non-thinkers, consider this: You can’t buy anything with a stock, and as a matter of fact, if you buy stocks, you will never even get the physical stocks you bought. Your purchase will be a computer entry in some far-away place. Try to get physical stocks if you buy some. Not by the hair of your chinny-chin chin. There are those who love stocks and bonds, who will sometimes buy “munis,” which are bonds issued by municipalities and usually have no tax consequences. Why? Because they are really pretty shaky, as any financial newspaper or the Journal (Wall Street) will explain, because cities and towns are in dire circumstances, and their ‘munis’ may become worthless. No, you couldn’t buy food with a mini, stock, or bond either. You’d have to SELL those paper items to get the dollars they represent, and it would take time for the transaction to be completed with the dollars in your hand, as opposed to selling a gold coin, which can be in an instant.
Try this one which is pretty common: “I don’t need gold, I have real estate and rentals which give me an income, which I can sell if need be, so don’t try to sell me gold.” (See next paragraph about ‘trying.’) Ever try to collect rent from someone who has lost their job, which unfortunately happens to be quite common now? Or try to sell a piece of real estate quickly, with a bad economy, without paying a commission, and seemingly a pile of papers an Inch thick to sign and swear to? Ever try to own real estate without paying taxes on it or insuring it? (Gold and silver require no property taxes or insurance). Or: “I have a few antique cars which go up in value every year, and my home is filled with antique furniture. I’m OK.” Me? I’ve got a 79 year old truck, and my house is filled with antique furniture, but I’d be kidding myself or you reader, if I told you that they’d be easy to sell. They wouldn’t be; they’re just for my pleasure, not to sell to buy food. Besides: You’d have to SELL the antiques, real estate, stocks, and bonds to get your ‘good old U.S. dollars,’ just like you’d have to sell gold or silver. If you had a savings account, that would be quick and simple, but it would be in dollars, which will continue their slide or purchasing power, as they have for the last 90 years, unless the laws of economics and history are false. I won’t bore you the fact that my Dad bought a new Plymouth in 1940 for $650, and a Coke was a nickel when I was young. The buck has lost 95% of its purchasing power in the last 90 years. As all currencies lose value, and in history, all have, the price of gold and silver have gone up at virtually the same ratio as have the currencies failed.
As an aside, I have told my kids to NEVER call anyone! There’s nothing more irritating and aggravating than to have some ‘salesman sam’ calling you with supposed bargains in anything, including gold and silver. If someone wants to protect themselves with gold and silver, they can call us. We won’t call them. When someone calls you with an effort to sell you something, it is the caller who is frantically trying to make a living by telling you all sorts of lies and propaganda about whatever they are selling, true or not, and usually not. That caller bothered you for his benefit, not yours! If you have thought it through, and decided what you want, you will call a purveyor of that item, who has a competitive price, and of course check with their Better Business Bureau rating first. (Ours has been A+ for over 40 years.)
Gold and silver require no taxes, insurance, or legal turmoil to buy or sell. They’re compact, universally desired and wanted, and can be sold singly or multiply, as opposed to real estate, or stocks. Ever try to sell a single stock? So, we continue to work out of our individual homes, with no employees and no advertising, as I did, when I started in November of 1977. I just bought a box of 500 copper Eagles, just for the fun of it ($250), and I love them. Would be a great gift of a tube of 20 to someone. Carry one in your pocket as insurance against the virus? OK, except I carry a silver coin as protection, if it is any ‘insurance,’ in my pocket. Hey, with a single coin at less than a buck, I think the copper eagles are fun.
Is China Drowning?
I think so. The entire would is becoming anti-Chinese, since their bungling, lying, communist virus has cost the world literally trillions of dollars and hundreds of thousands of lives. Will the U.S. economy recover completely? I hope so, but it’s got an awfully slow start if it is to happen. Just imagine the chain reaction of a restaurant, barber shop, school, or even a funeral home being forced to close or not allow admissions. Theatres are closed, and it seems as though even in my town of 19,000, every thing I want to do, I can’t, thanks to that Chinese virus. I really think China is at the end of the well-known rope, just as the former Union of Soviet Socialist Republics (USSR) was, in December of 1991, when it ceased to exist. Literally! The Soviets were the terror of the world, gobbling up nations and forcing enslavement to Soviet communism. The ‘Cold War” was costing free nations, and especially the U.S., trillions of dollars, and you know what? They went bust first, and ceased to exist. Suddenly, the USSR ceased to exist. They were bankrupt. They had been running on force, propaganda, and lies for decades, but the laws of economics caught up with them. The Berlin Wall came tumbling down, East Germany’s communists were free to go to West Germany, and partake of freedom. Hundreds of millions were unharnessed from communism…suddenly and quickly.
Believe me, the so-called Chinese economy is so filled with lies and fake figures, that the entire thing could, and I think will, crumble. The fake statistics, throwing basically worthless money around the world to buy friendship will go away like fog on a sunny day. The Chinese theft of the free world’s patents, inventions, films, music, and all that free, inventive minds have come up with, developed, and had stolen; will come down on China like a load of bricks. China is incapable of invention and free thought. They are muzzled as a dog on a leash, and like other socialistic and communistic states in the past, have devolved into slavery and bankruptcy, surrounded by empty clouds purporting to be beauty, but are ugly and empty. The world en masse has had a belly full of China and its nasty, deliberate, theft of our prosperity and wealth. We’ll have no more of it, and will build our own factories again, and our shining freedom and Constitution will cause bitter weeping and moaning by the Chinese. They brought it on themselves, and their originating the virus was possibly the trigger of the suicidal gun which is killing them. I have never wished for anything more than for the Chinese empire to cease to exist as did the Soviet one… and they are so similar, that their demise is to me, as sure as the sun rising in the morning.
Don Stott
don@coloradogold.com