It’s all so common. People might say, as an example: “I bought gold @ $900, and now look! It’s $1900! I’ve made a thousand dollars an ounce.” True, you have made $1,000 an ounce, but is that profit more truthful or useful in value? Or have you made a profit of $1,000 an ounce in ever decreasing value dollars, but not in real, actual value? No, but keep on doing it, which is fighting government caused inflation by your own actions, because government will never even admit to true inflation. Those who have their surplus dollars in savings accounts, CD’s, or annuities, haven’t done at all well. All they have is a small dollar profit (loss in purchasing power) in paper money, which will continue to do poorly.
As an aside, I refuse to predict the future, because anything can happen an hour from now; however, if the Biden program continues with $6 trillion being inserted into the dollar supply, not just gold and silver, but everything else will do the same, and that is go up in dollar purchase prices. Biden is trying, in his first 100 days, to spend more than half of what Obama spent in eight years. Priced milk and gas recently?
Therefore, saving in dollars, is storing your water in a leaky bucket. Is gold more of an inflation hedge at $1900, than it was at $900? No, it just costs more in paper dollars, as does everything else. I will still purchase about the same items at $1900 gold as I did at $900 gold, but you have saved in a tangible, not an item backed by “The Full Faith and Credit of the Federal Government.” An ounce of gold has always bought a good men’s suit, and a couple of silver dimes has always bought a gallon of gas. They still will. Gold and silver are self-backed inflation hedges and real money, in all nations. Simple?
35 years ago, I wrote a book titled, “I Hold These Truths.” Re-printed three times, and I no longer even have it in my computer. It’s my opinion on 98 different things, in small, compact chapters. Here’s one, and I am certain many will disagree. Titled “Male Superiority,” Chapter 37.
“Males are NOT the superior sex. We are stronger, and our bodies are more physically adept at athletics. We are more logical than females, and as a result, often make better CEO’s and scientists. We are more innovative and even capable of more original thought perhaps, but what a nuisance to society! Other than strength and logic, is there any other thing which makes a male superior to a female? Not on your life!
“Who commits 90% of the crime? Which is the violent sex? Isn’t it males that get into bar fights, and usually are the robbers, burglars, and blackmailers? Who beats their wives and kids? Which sex is usually the graffiti ‘artist?’ Who robs the banks and is uncompromising and impatient? Males 90% of the time.
“Men and boys are the chronically insecure fools who do all sorts of ‘macho’ things to make themselves feel adequate. Males do most of the insane driving, especially in their teens. Rarely do you see a girl driving like a maniac, endangering everyone’s life on the highways and streets. Ever see a woman try to outrun a cop or speeding train? Drunken brawls and preposterous motorcycle riding? Usually males.
“Sexual hang ups, requiring the services of prostitutes with chains, coffins, and other types of bric-a-brac? Males. Braggarts, inhabitants of penitentiaries? Males, 100 to 1. Look at the most wanted flyers in any post office. Which kids give teachers the most grief and are chronic truants? Males. Crooked politician, muggers, insane egomaniacs, the liked of Hitler and Stalin? Males. Mafia thugs and murderers? You know the answer.” Only my opinion!.
-Don Stott (don@coloradogold.com )