What were your original reasons for acquiring gold & silver?
If you are like us, it was because of the weakening financial condition in America, and your knowledge of history. What happens when a government spends as if there is no tomorrow, with no concern for the future? What happens when the printing presses of any nation crank out worthless paper fiat currency around the clock? What happens when those nations, who purchase America’s bonds, one day wake up and say, “no more!”?
There is an old adage that says, “He spends like a drunken sailor.” Well, even a sailor stops spending when he runs out of money – but this government does not. The end of the modern Roman Empire draws near…
Consider the following from a recent post on the internet…
Had you acquired a 100 ounce bar of physical gold on December 31, 1999, your total out-lay would have been $29,025.00. The value of that same gold bar today would be approximately $132,800.00. That could easily pay off a mortgage, provide for a child’s college education, or buy a great many other items that would change the lives of most people reading these words. More than a 4-fold rise in the value of any asset over the course of seventeen years would be considered a winner. You will never hear anything like this on mainstream media, as they are too busy reminding you of how great those blips-on-a-screen are performing…
Over the past years many Pirates of the precious metals/’Rare Coin’ industry have gone out of business, including some of the biggest names in the industry. Some because they were poorly collateralized, others due to fraudulent schemes dealing with their clients’ money (using YOUR money to pay for someone elses’ 90 day old order). Some companies just disappeared due to lack of funding, or customers who just no longer believed in the vendor’s message, while still others will be spending time behind bars – but in many cases – the customer’s will not get their money returned – nor receive their gold or silver.
Through all of this – Kettle Moraine, Ltd. has held firm with it’s policies and we are still here. Some of you knew us when we also represented other firms while on the air. Once we ceased to broadcast for those networks – their precious metals ‘commitments’ faded away. We remain…
My former associate, Robby Noel and I go back over two decades together – and many of you know us, as you began purchasing precious metals from us back in the mid to late 1990’s, while others continued to support our endeavors on the air. Many have continued to do business with us, because of our long-standing relationship with you. We like to think that it is because you trust us. You may not have thought about this, but we were helping people prepare before any of these current run of alternative networks and “purveyors” even existed.
Today, Robby is retired and living with his family in South Africa, and although we still stay in touch – his daily counsel is missed – but what has changed?
Some of you began to purchase gold in 2001 when it was as low as $250.00 and silver was in the low $4.00 range. Through 2010 we all witnessed both of these metals grow to fabulous levels, and since then – we have all witnessed the retreat. I believe that many of our clients are still well ahead of the curve, but what of the future? We are often asked, “What do you think that gold and silver are going to do in the future?”
The answer is more pointed than that; “What do you think that the dollar is going to do in the future?” That answer has never changed.
Today, we continue to face government manipulated figures in unemployment, underemployment, inflation and more. Based upon our current population, we have the largest number of unemployed that this nation has ever seen, with no meaningful jobs in site – only a compendium of part time jobs. Our children and grandchildren are graduating college, with $100,000 debts and no prospect for real work. Our taxes continue to increase, and the cost of food has surpassed the government’s mis-stated inflation figures. So now we can sup on chemically engineered GMO foods, with little or no nutritional value – and Lord knows how much poison… and where does it all end?
Back to our original question, “What were your original reasons for acquiring gold and silver?”
For most of us, we understood the importance of “saving for a rainy day.” For many people in America, that rainy day has come, as during the past few years, we have had to assist many of our clients with liquidation of some of their “goods.” Folks have lost their homes, or their extended families have had to move back in with them, or they have had to replace engines in older vehicles, or have had medical emergencies, and on at least two occasions – clients had a major tax-burden to be met. But the original reasons they acquired precious metals from Robby, myself and many others, was to prepare for that proverbial rainy day. When the need came about – they had their financial umbrella to fall back on, and in most cases – we have been there for them.
Remember, you can’t eat gold, so there is no reason to have gold in your portfolio, because unless your portfolio is filled with digestible items, you are going to lose. Unless, of course, you did in fact acquire some gold in the late 1990’s or early 2000’s. Then you know that while you can’t eat gold, there is always a market for gold, anywhere in the world. This means you can convert your gold in to the local currency wherever you decide to have dinner.
And so, what does the future hold in America? Probably much like the past – with the exception that it is going to get much worse before it gets better – and we welcome the opportunity to continue to be a part of your planning; whether you are buying, selling or trading – or if you just want give us a call and say hello from time to time – as Kettle Moraine, Ltd. is still among the Premier dealers in all things gold, silver and platinum as well as specialists in the field of Precious Metals IRA’s – and Kettle Moraine, LTD. is here to assist with a liquidation if needed. Whether we are on the air or not – we continue to serve our clients – in the strictest of privacy.
Thank you for sharing your valuable time with us through this post, and we hope to hear from you soon.
Jeffrey Bennett, President
Kettle Moraine, LTD. (Est. 1996)
Morgana Precious Metals
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Kettle Moraine, Ltd.
P.O. Box 579
Litchfield Park, AZ 85340
623 – 327 – 1778