Loading ...Your neighbor, a lifelong friend, rushes into your house with his great news. He was rummaging through his grandma’s old trunk in the attic and discovered a note written in 1919 hidden in the trunk lining. The note said “under the third step of the house you will find a tomato can with much value inside”, so quite excitedly, since he still lived in his Grandma’s old house, he rushed to the third step, pried it up, and sure enough, there was a rusty old tin can, and inside was a roll of cash amounting to $1000. He flashes all those bills at you and and laughs at his good luck. That $1000 will probably buy him at least a months worth of groceries, and maybe even a tank of gas too. What a terrific find!!!!!
Then you remember that YOUR grandma and your neighbors grandma were best of lifelong friends, and YOUR grandma also had an old trunk in the attic. So thinking maybe your own grandma had done the same thing you rush to your attic, throw open the trunk, and sure enough, there is a note in the lining explaining: ” My good friend and neighbor just informed me she was going to hide $1000 in cash for whatever heir finds it. The year is 1919 and I will do the same. However, I will take the $1000 cash and buy 50 one ounce gold coins, and hide them under the NE corner stone of the foundation of this house. I know gold will always have value but I’m not so sure about those dollar bills”. So you grab a crowbar and shovel, run to the NE corner stone and start to dig……and sure enough, in an old pint mason jar, there are the gold coins.
knowing nothing about the possible value of those 50 gold coins you take them to your local coin dealer and learn that the gold price is currently VERY depressed, and that is certainly discouraging news……But you ask for a quote anyway, and learn that at this very depressed gold price those 50 one ounce gold coins are worth $56,000, but the coin dealer will be happy to take them off your hands.
After thinking it over for a few minutes you decide you had a very smart old grandma, and you will just hold on to those gold coins. If they are depressed in value now, what might they be worth in the future???????????????
All The Best, and isn’t that why we are all here????………………………….Silverngold