by David Zurbuchen
a safe place (safety deposit boxes should be avoided if possible, as they will be
sealed for probate in the event of their owner's untimely death, resulting in large
inheritance taxes to be paid for by the children).
Silver is perhaps the best insurance policy available today at these incredibly low
prices, since even certain forms of paper-denominated insurance policies can
become worthless in an inflationary environment. Walter Levy, an internationally
known oil consultant, born in Germany, relates this disturbing story:
- “My father was a lawyer, and he had taken out an insurance policy in
1903, and every month he had made the payments faithfully. It was a
twenty - year policy, and when it came due, he cashed it in and bought a
single loaf of bread.”
The Weimer Republic of Germany experienced hyperinflation that reduced the value of
its currency over 200 billion times, so that in a period of about 10 yrs, the German
'mark', originally worth $0.25 US, collapsed to a worthless $0.00000000001 US. I am
not predicting gloom, just offering up one more reason to own silver: the inability to
inflate it.
Silver In Scripture Home
Disclaimer:
*This material is not copyrighted, and I encourage its reproduction as long as my name and website are
mentioned. Make sure you do your own due diligence before investing in any stock or commodity. I am not a
financial advisor.