I postponed writing this till Sunday afternoon, on the chance that something important would come up to make it worthwhile Monday. Nothing so far, so I’ll title this with a very common question all four of us get asked over and over again.
“Will it go up?”
The answer is just as obvious to me as maybe, ‘are two and two four?’ But the question will continue to be asked, and the answer is always the same, with modifications, depend on which one of us you ask.
As a kid, (I’ll be 91 in less than a month, so you figure the time!), growing up in my Dad’s drug store, Hershey bars were a nickel, as were the phone booths in the hall in back of the store. So were Coca Colas, and I well remember the Pepsi jingle one could hear on the radio then.
“Pepsi Cola hits the spot.
Twelve full ounces, that’s a lot.
Twice as much for a nickel too
Pepsi Cola is the drink for you.”
Did it go up? Hot dogs were invented at Coney Island, over a hundred years ago, but when I was a kid, they were a dime. Did they go up? I was buying gas for under a quarter a gallon. And, almost 20 years later, I was paying 35 cents a gallon. Did it go up?
IN 1933, My Dad bought the house I grew up in, at 1811 Kenyon St. N.W. In Washing to D.C., for $3300. Nice house with six bedrooms, three floors and full basement. Over 2600 square feet. Today, it would go for $1,600,000.
I could go to Sidwell Friends School, on a bus and transfer to a streetcar, for 1.5 cents, using a ‘school ticket,’ which you could buy a book of 50 for 75 cents. Regular fare was a dime, with free transfers.
When I started dealing in metals, in November, 1977, gold was $250, and silver $1.25. A couple year later, I thought it might never go to $400, I was so impatient. I’ve still got a sign in a metal case with a glass window which used to be on the box office window of my Lansdowne Theatre in suburban Philly, which says, “Adults 75 cents.” I raised it to a dollar when I played Goldfinger a few months later, because it was so popular, and the film rental was so high, that was the only way I could make a profit.
My Dad bought a 40 acre ‘retirement farm’ in Southern Md. 45 miles from D.C. in 1949, for $9500. It had a large home, and two barns. That farm today, would be priced at million dollars, and probably more, were it for sale today, I am sure.
Go to our web site, (coloradogold.com), and click on ‘Technical Charts,” and the first number on gold for a year is “low, $1990.95 and high $2785.56.” Go to Silver, and the first price is “Low $22.05, and high is $34.85. As I write this, our web site is closed, since it is Sunday, but the last prices on Friday, were Silver -$30.59, and gold -$2703.76.
Will they go up, since when you may be reading this, Donald Trump may be, or soon will be, our 47th President? I have no idea. Maybe metals prices will go down, because everyone is so lyrical about his presidency, and he may change the Gulf-of-Mexico, to the Gulf-of- America, buy Greenland, stop the Ukraine outrage, and force Putin to pay for damages out of the $300 billion Russia has had sequestered, because of starting the war. Will mortgages go below 7%, as they are now, which is more than double they were when Trump was the 45th? I have no idea what Monday, or a year from Monday will bring under Trump. The hundreds of ‘financial Advisors,’ all think they are brilliant, and have convinced millions that they are so smart, that they know what the future brings, and they will give you profit, (after their fees of course).
We do know, that in all of recorded history, all monies in all nations, have eventually gone to zero, and that the only way people have protected themselves, in all nations, at all times, in all monies, throughout history, against inflation, is gold and silver, which are self-backed, and not dependent on any government. (The ‘Buck,’ has already lost over 95% of its value in the last hundred years). We charge 1% above our cost, delivered to you, from the largest distributor in the world. Since we do a large volume, and pay no fees for advertising, offices, bureaucrats, or other nonsense, it works for you and us. We’ve been doing this since 1977, which his 48 years, and always with an A+ rating from the Better Business Bureau.This is paragraph is our advertising. Go Trump!
-Don Stott. don@coloradogold.com