Inflation Insurance
VS.
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Protect yourself against the ravages of inflation. Purchase silver bullion and store it in 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.
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