Over the years, I’ve always suggested saving in tangible silver and gold. I’ve done it myself, and have never had a savings account or IRA. Using the ‘technical charts’ on the web site, it is easy to see why. I did it before the charts and still do, because it simply makes sense not to store water in a leaky bucket, which all un-backed paper currencies are, and this includes ALL OF THEM. Besides, when I die, there may be some gold and silver left, and kids get it, with no inheritance taxes. Everything we own is in a trust, so there will be no taxes on those either. But let’s go to our web site’s technical charts.
The chart on gold shows that it you had bought gold a year ago, you would have made 28.5%, which is a bit better than a savings account of less than 1%. Had you invested in gold ten years ago, you would have made 79% or close to 8% a year. Fair? You say the stock markets and gold markets have their ups and downs, and so what? All markets do that. I’m saying that it you bought gold at the chart’s low and sold it today, with no buying and selling, you would have done 28.5% in a year, or 79% over ten years.
Go to silver and consult the technical charts. Had you bought silver a year ago, you would have gained 61%, and over ten years, 400%. Ah! But you say, silver went up 50% in a month in 2011, and then went down again a month later! I agree, it did, and there are some explanations for it, but had you bought silver at its peak, you would, even today, be taking a ‘bath.’ Why did it spike up suddenly? There are several reasons, and who knows if any are correct. First of all, Kodak was quickly becoming a fossil, and no one was buying film any longer, which required lots of silver, and could have caused silver futures to take a hit, long or short. I understand that the huge Kodak buildings in Rochester New York are indeed sitting empty. Also, Obama was president, and that was always good for guns, gold and silver, just as it will be if Trump doesn’t win in November, and I think he will. I think Republicans will keep the White House and Senate, and hopefully even the House.
I am in the third Colorado Congressional district, and a 33 year old restaurant owner who is a loyal Trump, 2nd Amendment, etc. supporter, beat to pieces a ten year middle the road Republican, and if this is a sign, other smart, similar candidates might allow us to take the house. She’s beautiful, smart, has four sons and a husband, met Trump at Mt. Rushmore, and he loves her. She wears a real Glock on her belt at all times, and her waitresses in her restaurant in Rifle Colorado do also. Her restaurant is named “Shooters” and the walls are full of great stuff and a life size photo of Trump prominently displayed as you enter. Great food, and a great gal. Want to help her? I’ve given her $200 so far. Send her a check made out to Lauren Boebart, at Shooters, Rifle Colorado. Other things may have had a hand in silver’s shooting up quickly and down just as fast. Solar collectors were the on-going thing, and they take silver. I don’t know, but it did happen, and I can’t change history.
A lady called me yesterday. Her husband bought a lot of gold and silver from me a few years ago, and he died in February. She wanted to know how to sell it, as she was considering a new car. Is her old car bad? No, she just figured that since she could have all this money if she sold, she could buy a new car. She’s 78, and I gave her the economics 101 lecture, which she needs. She may sell anyway, as it’s up to her, but to sell one’s gold and silver to buy a new car if you don’t need it? Dumb, dumb, dumb. Hey gal, pay everyone you owe, take a vacation, and settle down! Leave it to your kids or church when you die! Unfortunately, men seem to die before their wives, and after doing as they should have done, namely saving surplus assets in metals, they die and the wife either knows nothing about them and what they’re worth, or she thinks she’d better sell. Why? Hey guys, be sure to educate your spouses on economics before you die. PLEASE! Over the years, I would estimate that 95% of metals buyers from me have been male.
I’m beginning to think that the Coronavirus thing is really a scam designed to make everyone do as government or governors say, whether it makes sense or not. All these supposed deaths, are far lower than normal flu deaths every year, first of all, and secondly, the damned masks make breathing more difficult and are actually injurious to many. I tried one on, and it makes breathing a lot more difficult, even if you weren’t breathing in what you are exhaling, which the body no longer wants, or it wouldn’t be trying to get rid of it. I’m sick of hearing about all the cases of it, and why didn’t they go on continuously about the regular year after year flu? Isn’t this virus a variation of the ‘regular’ flu? I’ve never taken a flu shot and certainly won’t for this one if a vaccine ever comes on the scene. “Yessir, yessir, three bags full,” is what this virus is all about, and please do not buy anything made in China, who not only neglected stopping it from circulating around the world, but invented it in the first place! They lie, lie, lie about everything, now saying that their economy is doing great. And pigs fly. I won’t bore you any longer.
-Don Stott
don@coloradogold.com