“Insurance: An insurance or being insured against loss.” Webster’s New World College Dictionary.”
Insurance is held by just about everyone. Auto insurance, fire insurance, mortgage insurance, health insurance, and insurance against just about anything which could come upon you. Liability insurance of just about any kind is sold by licensed Insurance brokers, which are backed by sufficient funds to meet claims against the insurer. Insurance policies state what is covered, by how many dollars and under what circumstances. Insurance rates are set by actuaries who study potential losses, gains, profits, and resulting rates to be charged the policy holder. All insurance is paid by the insurer to obtain imbursement to the insured, in case of loss. Payments for insurance are usually set by the month or year, and failure to pay, results in cancellation and no coverage, of course.
I have huge insurance coverage on my cars and home because they are valuable, and I do not want to lose them. I have no life insurance, as I am fully covered by my holdings in metals. I have ample health insurance. Is there any insurance which doesn’t require regular payments to keep coverage intact, and at the same time increasing its coverage as it becomes necessary, without rate increases, additional contracts, or contacting a home office or needing an actuary? Is there an insurance, which is viable in any language, regardless of the economic condition of the nation using that language?
The answer is an unqualified YES.
The answer of course, happens to be gold and silver, which Colorado gold supplies at one percent above wholesale cost, and including delivery to you. Gold and silver can be obtained in any language or currency, anywhere on Earth, and if the owner of silver or gold moves, the insurance can be taken with you, and no matter where you move to, the insurance is still valid.
It’s all so very simple and I am astounded that more people in any land or any nation or any language, haven’t wised up to the facts, which cannot be proved to be false or exaggerated.
Gold and silver, are the oldest money in history, going back to Bible times, and they have always been valuable above all other currencies issued by various governments, because they need no ‘backing’ to make them valuable. Why are they valuable? Because they are beautiful, are difficult to discover, mine, mill, smelt, manufacture, and distribute. They will not rust, and are a very compact way to insure yourself against inflation, (currency devaluation, prices going up), and once obtained, there are no taxes or payments to be made, and easily sold if funds are needed for any reason whatever.
As a classic example, I have a client who over the years has purchased many thousand ounces of silver coins and bars, and as the value of the money decreases, inflation, the value of the insurance, automatically goes up, as fast as the value of the money goes down. My client began purchasing silver at $9.00 per ounce, and has continued to purchase it as the money goes down, and the price of everything, including silver, has gone up. He has accumulated over 10,000 ounces of silver. His silver, has a current dollar value of $350,000, which is an insurance policy in dollars, which can be sold, given to his kids with no inheritance taxes, or sold for any purpose needed or desired, just like any other insurance policy. His insurance is not dependent upon the policy issuer having sufficient funds to cover claims, or government approval of the agent. Gold and silver’s value are universal, in any currency, and need no ‘backing’ for approval, buying, selling, giving, transferring, or doing anything with it. It just sits there, not doing anything except going up in a currencies’ value, while still being able to buy anything at current prices.
When I was a kid, gas was a quarter a gallon, and now, it’s about $3.25. It took two silver dimes and a nickel, to by a gallon of gas when I was a kid, and now, two silver dimes and a nickel will still buy a gallon of gas! If I had begun saving silver dimes as a kid, my wealth now, would be very nice in dollars, except the dollar has crashed and the silver and gold’s prices have gone up at the same rate as the dollar’s value has gone down. I started saving my surplus assets in silver and gold, when I first began dealing with them in November of 1977, when silver was $1.25 and gold $250 per ounce. I probably still have some of my original acquisitions. They’ve just sat there, with no monthly payments, no interference from any government, and I can sell or buy more at will, with no reporting to anyone.
When I was a kid, I had never seen a hundred dollar bill. And now I carry a few, just to buy things. I own a Ford Expedition, which has a 25 gallon gas tank, and if I put 20 gallons in it, that would cost about $130.00. 20 gallons when I was a kid would have been $5.00.
Silver and gold are the best insurance against just about any situation
-Don Stott. don@coloradogold.com