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Before I was ever
moved to buy any silver, I felt that I needed to own a gun. I was in my
early twenties, just out of college, and I felt that having a gun was the
responsible thing to do. It was a bit scary, because neither my mom nor
dad ever owned guns. But the constitution implies that every able
bodied man should be a part of the militia, and I didn't have any kids to
worry about, and so I felt it was just a responsible and patriotic and adult
thing to do, to own a gun to protect my life, and potentially the lives of
others, rather than spend my first extra bit of income on any
investments. Besides, I reasoned that I could always sell my gun later,
so I didn't feel like I was throwing money away on a useless toy, like a
stereo system. Afterwards, I was proud of my purchase.
The next thing I
did, still before I bought silver, to gain a bit more of that feeling of
safety and security, and to be responsible, I began holding cash at home in a
locked drawer in my desk. I held cash because I knew that the banks
don't even have enough cash on hand to back up all deposits, so I only kept
enough cash in my bank account to pay the bills. Sometimes, I would
take out more cash than I needed, and then re-deposit it, just to make sure
that the banks were honest, and that I could get my cash out, if
needed. I was uneasy that banks often had trouble giving $5000 in cash
to depositors, when I had from $10,000 to $20,000 in my bank account!
Taking money out of
the bank, even your own money, always feels a bit weird. They make you
feel weird about it, too. Propaganda goes back to textbooks in school
that try to teach us that the great depression was to blame on people who stored
cash in their mattress at home, since that reduced the "velocity of
money". (But people should be richer if the velocity of money goes
down, as the value of their money goes up.)
A customer relates
her experience, as follows:
"The first few
times I took $10,000 out from Wells Fargo, it was no problem. This last
time, on June 9th, they only let me take out $5000, and so I had to go to two
branches. And, they acted like I had to order the cash four days in
advance. And, on top of all that, they wanted to know what I was going
to do with my money! It's infuriating!"
"But I've
found that actually buying bullion from the JH MINT is more fun, more
rewarding, and less stressful than doing other things with my money, like
visiting my relatives in Florida, or going to Disneyland. You guys are
in such a nice place, and your parking lot feels so safe, as there is not
much street traffic nearby, and it feels like nobody will know what we are
doing when we are there!" (Jason notes: That's why I picked
my out of the way location! I used to drive 3.5 hours, for years, to
get my bullion!)
"The best part
about buying silver is that you hear so many things that are infuriating, but
you can't do anything about it, like the direction this nation is headed, or
the budget deficit. But buying silver is a process of actually taking
control, it's empowering! Buying silver is somthing you actually can do
something about!"
OK, it's me, Jason
again:
I first bought some
gold and silver soon after I heard what I thought was a "sure
thing" insider tip. I heard a customer at a gunshop say that the
mines could hardly produce gold for the price it was at, which sounded like a
guaranteed way to make money, simply by buying gold.
(In hindsight, he
was right. Furthermore, even though we are in a bull market for gold,
gold mine output is down, because many other costs, such as oil, which is a
large part of mining costs, have risen faster than the price of gold, as oil
has moved up from $10 barrel to over $100, now at just under $92. If
gold had kept pace with oil, gold's price would be $2760 today.)
I remember my first
few trips to my local coin shop, Tebo Coin in Bouler, Colorado. I
bought about ten gold coins, and I ended up selling a few back, but for the
longest time I held onto four different one ounce gold coins for a bit of
diversity, and $400 worth of junk dimes that were so heavy they seemed like
they were going to bust through the two paper bags they were put in when I
bought them.
I had to ask why
there was sales tax on gold, and I had a few other questions, but the dealer
seemed a bit grumpy, yet he also seemed somehow proud of my wise decision, as
I was younger than his typical customers he told me. He seemed a bit
inconvenienced at my questions on how to know how much silver was in the
silver dimes I was buying, and I felt like I just had to trust his math on
it, which I didn't like.
Owning some gold
felt super cool. I knew my dad was rich compared to me, but not even he
had any gold coins. I felt special. Unique.
Responsible.
I didn't realize
how long I'd have to wait until gold prices would start going up. At
first, gold prices continued to go down, and I was losing a bit of money on
the gold that I held, but it didn't bother me too much to lose 5-10% on an
investment that seemed like a sure thing.
I also felt a bit
foolish because I had to pay the sales tax when I bought my gold, and you
don't get that back when you sell the gold. An investor friend thought
there should not be any sales tax on gold, and he's probably right, but he
didn't know the law.
I thought that gold
was probably a better investment than ever, but, not wanting to wait for gold
prices to go up, or not knowing how long I would have to wait for gold to go
up, I became impatient.
I wanted to have
more money to be able to buy more gold, so I began looking for other
investments. I put $5000 into a penny stock that made a sugar
substitute from an herb in the Amazon, that was supposedly sold short more
stock than was issued, and might be likely to go up a lot in a short
squeeze. Later, I was lucky to get about $4000 out of it before the
company went bankrupt! I then put $2500 into a small actively
day-traded forex trading fund that was earning a steady 50% per year. I
later took out about $3200 less than a year later, and I was very lucky then
too, as that fund was later revealed to be a ponzi scheme!
In hindsight, I
should have stuck with gold and silver!
Cody Roberts, who
works with me at the JH MINT, relates his story:
I first bought
silver in Sept 2008. When I bought silver for the first time I was very
excited to be buying the silver. I had studied and I was fairly sure I was
doing the right thing at the right time. However at the same time I was very
nervous about my world. I was a civil engineer and knew that the housing
bubble collapse was coming and the banks were already failing starting with
Bear Sterns. Liberal Barack Obama was on the path to become president while
our “conservative” president Bush was just signed the Banking
relief package, which provided no relief or comfort top my fears. I started
to stockpile food in 5 gallon buckets. I bought gas cans and had them always
filled. I took our all my IRA savings with penalties and went into silver to
protect me from what I was feeling which was impending doom in both my
employment and my investments. One month later my company was downsizing
dramatically and the company IRA plan was down about 50%, joy to me my silver
was already up very much.
(Jason says:
As an aside, for people with 401k's or IRA's. If you are retired, or if
you quit your job, you can roll your 401k into an IRA with no penalty.
You can use any brokerage, but many people open IRA's with a broker called
tdameritrade.com for convenience. Once you have an IRA, your choice are
not limited as they are in a company 401k. You can buy anything, any
stock you want, and much more. I recommend, as short term moves, CEF or
PSLV, both bullion funds. CEF holds 50 oz. of silver for every 1 oz. of
gold, and has about 97% of assets in silver and gold. PSLV is a silver
only fund, run by guys many in the metals industry trust. After that,
you can take it a step further, and gain more control if you open up an IRA
with checkbookira.com. They will let you be your own custodian of our
own IRA, and you can actually buy physical silver Eagles and store them in
your own IRA approved vault, with no penalty!)
OK, it's back to
Jason's story again:
I convinced my dad
to buy some gold and silver, far more than I had bought. He wisely
avoided the forex trading scam, as he didn't understand it. He did
understand how cool and awesome it was to hold gold coins in your
hands. He loved how heavy they were, how real they felt, and how they
would warm up in his hands. He remarked how the gold coins were like
they were a thousand times better than the most awesome stone he ever found
and kept for a rock collection. They were unique. Special.
Super cool.
My dad had a funny
realization that he, being way more wealthy than me, did not have more gold
than me. In fact, he had none. I think he felt like I had shown him up
or something in some sort of competition.
And so, my dad
wanted to just buy my gold from me! No sir, get your own! Ah, another
one up for me!
So my dad asked me
to look for a dealer where he could buy some, and we decided on mail order
from one of the largest dealers in the USA, Investment Rarities. (Hint,
our prices at jhmint.com are usually lower than theirs!) They delivered,
in about two weeks or so. We also deliver in about 2-4 days!
It was shocking to
get a package worth $10,000 in the mail, delivered incorrectly. It was
sent registered, insured, signature required, but we live on a training route
at the post office, and our house was the last delivery of the day for the
newbies, and so, the post office goofed, and they put the package into our
mail box out on the street! And we lived next to St. Anthony's Church
in the Bay area, that gives out free food to homeless people who wander by
our box! We were outraged at the post office, not the dealer, and I
marched on into the post office demanding to see the head guy to tell him
about his horrible goof, and how I never signed for it, and that if it was
lost, they would be on the hook for the $10,000 loss! I chewed him out
good, showed him the gold, and he was very apologetic. It felt kind of
oddly powerful that a government official would take such an angry complaint,
and be so apologetic and thankful, but there you go. The power of gold!
It took a few years
of hard work, discussions, arguments, and persistence to get my dad fully
into gold, and then, later silver. He went through many of the same
emotions I did. Before he bought, he had concerns over whether it was
real. He had concerns that the advertisers were telling the truth of
the supply and demand factors. He finally realized that the government
was lying far more than the dealers. The supply and demand numbers for
silver were so positive for silver, it was almost impossible to believe the
numbers!
At first after
buying, my father felt a bit of elation over how easy it was to get it.
And he felt that he would be able to rest easy from more of my convincing
talk. "Don't confuse me with the facts, boy" he'd
half-jokingly say when he wanted to shut me up. Oh how wrong he
was. I only pestered him to buy more silver!
So, we next had the
usual problem. Where were we supposed to put it? For a while, we
began piling the silver up in the bedroom closet. We had two places, a
hidden cubby above the door, way out of easy reach for a usual in/out thief,
and second, underneath the dirty underwear! Next, we got a sold wooden
door for the closet, with a dead bolt on it. Later, we got some custom
built large gun vaults with sold steel shelving inside, designed to hold all
the weight so we would not have to just stack it so high that it would crush
itself all down. After getting vaults, it felt a lot more safe and
secure to have the bullion all locked down, all safe and secure. We
covered the vaults with tarps, and simply kept them in the garage. That
was enough for my dad. He discussed having cabinets built around the
vaults, but never went through with his plan.
Eventually, I had
cabinets built around my vaults, and I think that's the best way to go, after
you bolt them down. After all, a thief cannot steal what he doesn't
know is there.
At one point, I had
a lot of silver, so much, I split it up, in case of theft. I split the
silver into two piles, and I had some stored in another location, on property
not registered in my name, but on property I could have access to at any
time. And yes, in cabinets in vaults, bolted down. After all, as
a writer who advocated ownership of silver and gold, I would not want the
majority of my stash around where I lived, just in case a reader of my
newsletter decided to hunt me down.
The only silver
that's ever been stolen from me was that which I put into the trust of other
men. Do you see now, why I advocate personal responsibility, and
personal ownership?
Get silver and
gold, while they are available. Take responsibility for yourself.
Like me, you will be glad you did. Having silver safely stored will
give you peace of mind.
But the only real peace,
I have found, lies in trusting God, not in gold. But until our Lord
Yeshua (Jesus) Messiah (Christ) returns, guns and gold and silver will have
to do.
Jason Hommel
Silver Stock
Report
I strongly advise you
to take possession of real gold and silver, at anywhere near
today's price, while you still can. The fundamentals
indicate rising prices for decades to come.
Follow me on facebook I
have 3500 friends, and I hear there is a limit of 5000!
http://www.facebook.com/jason.hommel
Or Youtube!
http://www.youtube.com/user/bibleprophesy
JH MINT & Coin Shop, Grass Valley, CA
Minimum order $5000,
USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank
holidays. (Also Closed from Dec. 25th to Jan 1st)
www.jhmint.com
(530) 273-8175
Kerri handles internet phone orders:
kerri.jhmint@yahoo.com
(530) 273-8822
If we can't fill your
needs, or if our phone lines are too busy, try my mom's shop, located in
Sacramento, CA:
www.momssilvershop.com
(916) 481-5656
mom@momssilvershop.com
You can also buy and
sell silver at auction, online, for only a 1% fee, at:
www.oneoverspot.com
In Portland, Oregon, a new bullion shop opens up, and needs customers!
http://www.goldsilversupply.com/
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