I’ve been writing columns, and dealing in metals for 48 years, and I have observed that 99% of our business, is from politically conservative, generally Republican, intelligent, people, who realize that the dollar is backed by nothing, and while it has not reached the level of the German Reichsmark after WW I, when it went from a U.S. silver quarter, to utter, total, worthlessness.
The U.S. silver quarter, is now worth about $8.00 and if you had ever saved a mint condition one, as much as $50.00. The Jefferson Nickel, which ceased production in 2003, today, can go for $10.00 in a mint state (MS) condition, and even a worn one, is worth about a dollar. I’ve been collecting them for years, when I find one in change, I save it. I have a huge bag of them. Do it yourself!
My question is, why are Democrats so stupid, as not to realize that the phrase “prices going up?” is just another way of saying, ”dollars going down?” Why have Democrats, ignored the indisputable, unarguable, plainly visible fact, that saving in dollars, is a slow way of going broke? Broke? Of course! Think about it. Suppose you saved dollars over the last ten years. Would you have less physical ‘money?’ No. Only its value. ‘Money,’ being something you physically use, to buy things. To put into plain English, suppose, over the last ten years, you had a savings account, and you have placed all your surplus dollars into it. You’d still have the same number of dollars, but they probably would buy maybe 15% less, than they would have bought, ten years ago. Are you with me? Had you placed your surplus dollars into a savings account, you’d still have the same number of dollars, but they would have now bought you 15% less things.
The situation with dollars, has gone on throughout history, in all nations, and with all paper currencies. They all, eventually, go to zero purchasing power, but trillions of them have been printed. “The more of anything there is, the less they will be worth.”- “Stott’s Law.” This includes all currencies, water in the desert, antiques, or any physical thing.
If you have gotten this far, you will easily recognize also the fact, that prices of anything, in the last ten years, have increased, or to put it another way, in the last ten years, the ‘dollar has gone down,’ as I said in the second paragraph above, it is the same as, ‘prices have gone up.’
Had you placed your surplus dollars in gold, your gold would have gone from $1,049 per ounce, to $3,085 per ounce, and had you died, your gold would easily be left to your heirs with no inheritance taxes. If you hadn’t died, and you wanted to cash out your gold, and you had bought it from Colorado Gold, we would charge you nothing but a $25 flat fee. You would simply have to ship it to Las Vegas, Nevada, and when it got there, we would send you a check. Since no one knew you had it, and you had not given your social Security Number to anyone, the gold you have placed in a safe place, would have been a payment free, anonymous, wonderful, beautiful, insurance policy, which no one knew about, other than you and your family.
Had you done the same with silver, your silver, over a ten year period, would have gone from $11.95 to $34.55. I’m no mathematician, but I think it’s about 30% increase each. However, silver and gold have a few differences, which I will now point out to you.
THIS APPLIES TO BOTH SILVER AND GOLD. Keep away from Numismatics, or ‘rare’ coins and bars, as those who sell them, are usually just like used car salesmen. No ‘rare’ silver or gold coin, unless it has been professionally graded by PCGS, (Professional Coin Grading Service), should ever, ever be considered. Period.
There’s a lot more silver in the ground than gold, and that’s why there is such a price difference. Three, one ounce gold coins, weigh three ounces, and are equal in price and value, to 270 ounces of silver.
Silver can tarnish over a long period of time, so I suggest that you buy silver in 20 ounce tubes, which are factory sealed, and will rarely show tarnish, even after 15 years. Gold will never tarnish.
You get more metals per dollars, in silver, than you get with gold.
If it ever comes to the point where the dollar finally gives up the ghost totally, you can barter with silver, far easier than with gold, because it is 1/89th the price.
Silver therefore, requires a lot more storage space than gold. I believe every one, or family, should have at least a couple hundred ounces of silver, in one ounce or less weights, and from a well known mint, with which, Colorado Gold deals. Colorado Gold, has always had an A+ Better Business Bureau rating.
We are the most reliable and most reasonable outfit to deal with, because we waste no money on advertising, office managers, employees, or for that matter, office rents. We work out of our individual homes. We deal with the largest, most reliable and oldest wholesaler in the world, they know each one of us personally, and we have been through their offices and storage facilities, many times. They know our voices when we call. We do right at $100 million in business every year, and we enjoy it immensely! Next week, maybe I’ll explain about the Democrats! Please pass this on to them, for their own benefit!
-Don Stott. don@coloradogold.com