Please forgive me if I make this not too lengthy and simplistic, so I’ll first I’ll ask the reader a few questions, which of course, will be self answered, but maybe you have never thought of it in the following examples:
Does my desk pay interest, or merely give me a place in which to write, and give my solarium a nice piece of furniture? It’s a huge eight foot relic, which once belonged to some executive or president of something, and like a couple of Gold Eagles, it cost me $10,000 many years ago, and I love it, but it has paid me no interest.
Does your sofa, bed, dining room table, stove, refrigerator, oven, China, sterling silver eating instruments, vitamins, groceries, or restaurant meals, pay interest, or just make life enjoyable and sustainable?
How about Oriental rugs, wall to wall carpet, an 80” TV, a snow blower or shovel? A John Deere tractor? Hundreds of books? A Mercedes, Jeep, or Ford Expedition? An 85 year old truck, which new cost $400 in 1941, and now is worth probably $30,000? No interest do they pay, but I wouldn’t want to dispose of them.
My kids have paid me no interest, and have cost tens of thousands of dollars and many years to raise, and they’re hugely successful. I love them without them paying me any interest. My wife Bonnie has paid me no interest, but she has made my life extremely enjoyable.
Any Interest received on my clothes, watch, shoes, power tools, wrenches, air compressor, welder, or paints? Nope.
The answer then, as I have written over and over, about nickel Cokes, and nickel Hershey bars, etc., is that they are the same Cokes and Hershey bars, and have paid no interest, and you love them both, but the money has become nearly worthless with which to purchase them. Cokes and Hershey bars have paid no interest, as their prices have escalated.
Do your dollars receive interest, if you save them in a savings account? YES! Probably one percent or thereabouts, which of course on them, you will have to pay a tax, but of the above items, of which I mentioned, there is no tax paid or interest received. The are your possessions, which you bought with by your own funds, and they make your life pleasant, healthy, and life prolonging, without paying or receiving interest on them. They have paid you no interest.
California, and I assume other states, will try to levy a tax on your possessions or wealth. Ha! They don’t know you have gold and silver, If you do. If not, wake up and smell the roses. If you can’t see the ultimate logic of this, go buy yourself a Coke or Hershey bar, and try to get them with a nickel.
Gold and silver pay no interest, but as the dollar loses value, and all prices escalate at the same rate as the dollar collapses, and you pay no interest on gold and silver, as their dollar prices go up, it’s probably the only insurance policy, which just sits there in whatever place you store valuables, I hope a safe, unknown by anyone but yourself, and those to whom you inform, that you have something for them when you die. No interest payments, no interest received, no taxes, no necessity of checking their value as you check your stocks or dollar investments. Boring? Maybe, but you could feel ever so worry free, peaceful, and happy, knowing you are safe. Join us! You’ll never regret it.
-Don Stott don@coloradogold.com