All things about the media, marketing, business, Japan and other musings by Mike in Tokyo Rogers.
Wednesday, August 14, 2013
The Best Reason Why You Should Own Some Gold and Silver
I am often asked by people, who seem quite skeptical, "Why should I own any gold or silver?"
Here is the best answer I can think of:
Scenario A:
Pirate One finds a treasure map. He searches for years and finally finds the treasure. They dig it up and lo and behold, upon opening it, they find millions and millions of dollars worth of paper money bills, checks, bonds, deeds, etc... from a country that ceased to exist a century ago....
Scenario B:
Pirate Two finds a treasure map. He searches for years and finally finds the treasure. They dig it up and lo and behold, upon opening it, they find millions and millions of dollars worth of diamonds, gold, silver... from a country that ceased to exist a century ago....
Question: Which pirate do you want to be?
Think about it: How many countries have ceased to exist in just the last 70 years? I can't name them all:
Just for fun. Here's a list of countries that have disappeared since 1840 or so (there's gotta be more! In fact, Texas was an independent country until 1845 or so!)
Abyssinia
Austria-Hungary
Basutoland
Bengal
Burma
Catalonia
Champa
Corsica
Czechoslovakia
East Germany
West Germany
East Pakistan
Gran Colombia
Hawaii
Imperial Japan
Fascist Italy
Nazi Germany
New Granada
Newfoundland
Ottoman Empire
Persia
Prussia
Rhodesia
Sikkim
South Vietnam
Southwest Africa
Tibet
Transjordan
Union of Soviet Socialist Republics (USSR)
United Arab Republic
Urjanchai Republic
Western Samoa
Yugoslavia
Zaire
Zanzibar
Tanganyika
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2 comments:
And that doesn't even mention countries which continue to exist, but have devalued their currency out of existence. Imagine a treasure chest full of million-mark notes from 1920.
The Best Reason Why You Should Own Some Gold and Silver, - I guess that isn't obvious to most people, the world has truly gone mad.
... It's also the best reason to own steel and lead. ...And a freakin' bunker.
... Damnit, I'm lacking!
- IndividualAudienceMember
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