Bill’s Commentary:

“Anybody remember this gem?”

Bill’s Commentary:

“Oops!”

Please take all the time you need….. 

Bill’s Commentary:

“But Wolfgang, they keep telling me you cannot eat gold or silver? Bill”

Bill,

If people just understood one simple fact, they’d be lining up out the door to purchase physical silver and gold.

That fact is that precious metals are fungible.

We live in, and have always lived in, an inflationary environment.  America can’t live without inflation (case in point: the Fed is looking to achieve 2% inflation.  Not zero % but 2%.) So anyone with cash will always lose money.

Now we can protect ourselves by purchasing things now instead of later.  However, many of our daily needs are perishable.  You can’t load up and store meats, produce,  dairy products, etc. So what can you do?

Buy gold and silver. They keep up with inflation and can always be traded for perishable goods. You’ll never be at the mercy of having to pay higher and higher prices.  Even for non perishable items like car insurance, home insurance, medical insurance, autos, etc. 

There’s an old story that, throughout history, an ounce of gold could always dress a man in the finest garments from head to toe. The same applies for perishable foodstuffs. 

Now I understand why people like Jim Rogers, when questioned as to when he’ll sell his precious metals, says NEVER!

Wolfgang

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