I will not be publishing a regular daily today, but I do have one article that I want all of you to read carefully. Ted Butler’s article, below, on silver is very insightful. Also, pay attention to Eric Sprott’s comments which follow the Butler article. I own more silver (in dollars as well as in ounces) than gold. I own many times more silver mining shares than gold mining shares. Silver is the place to be now, before the price really gets away from you.
As you know, I did not write on Thursday due to a death in the family. I will be back on schedule on Monday.
My brother Steven passed away on Wednesday afternoon. It was unexpected. My parents are deceased and my brother is gone now too and I am the only one left from the last two generations. Death of someone close to you has a way of reminding all of us of our mortality. My brother was just 62, rather young to die by today’s standards. While going through some of his papers, at his house yesterday, it surprised me to find out that he had never listed a beneficiary on his life insurance policy or his 401K at Honeywell, where he was in management. He did not have a will. As comedian Richard Prior said to the congregation, in his role as a black preacher giving a eulogy – “And death came as a surprise to his ass.” (No disrespect meant to Steven – he would probably have gotten a kick out of the Richard Prior quote as he was a fan of Richards.) No one expects it, but death comes to us all.
My brother and I were not close for the last 35 years, and he was not a “blood” relative. Both of us were adopted – from different progenitors. We were not much alike except that both of us had a passion for music. My genetic mother was a musician in an all-girl band in the 40s and I spend much of my free time (at least a few hours every day) listening to blues, jazz and rock and roll – plus a bit of classical too. He was, for many years, a part-time rock and roll drummer and played around town on weekends. He had a collection of CDs than must number in the thousands. I will cull through them and take those that I do not have and like. Life is not eternal but music lives on!
He probably died from a massive heart attack or stroke. He was very overweight and smoked two packs of cigarettes a day. He had diabetes. He died alone. He was single. He had no children and few close friends. Long ago, he distanced himself from our family. He was a loner.
His death reminded me just how blessed I am to have an incredible wife, two loving children and five adoring grandchildren. We should all count our blessings in hugs and kisses, not in ounces of gold and silver. Unless I missed something, Steven did not take any of his money or CDs along with him when he passed on.
Get your finances in order! Make sure you have a will and that your insurance and retirement plans all have a beneficiary. Honestly, I do not think my brother would be happy knowing that I, as the only living family member, will inherit all of his earthly possessions. He just never got around to “taking care of business.” But that is what happens when you leave things to chance and think that you will live forever.
Hug your wife and kids and especially your grandchildren. Live each day as if it were your last. Tomorrow is not guaranteed. Take this advice from a died-in-the-wool existentialist – ME. I have always lived my life that way and to this day list Camus and Sartre as the most important authors I read while in college.
And especially, I want to thank the hundreds of my readers who took the time to send me their condolences. I am touched. I am humbled and I appreciate the time you took to drop me a few kind words.
There is a real “connection” between many of us. It is not by accident. I sleep well each night, knowing that Andy and I have helped so many of you to increase your wealth, and to learn the truth about what is happening to our country and our currency. We live in interesting times and they will get even more interesting in the next few years. I hope to be around for a long time to offer you my perspective on what is happening and what we can do to at least feather our own nests. We all will need all the help we can get.
P.S. Some of you may get a kick out of this, and if you knew me, you would just shake your head and say “yeh, that’s David all right.” At the funeral home, Susan and I spoke to the rabbi who will preside over the services at the cemetery on Friday. He is 75 years old, from London and quite a character. He actually lived less than two blocks from my previous house (five and a half years ago we built a new home and moved) but we never met him. He commented that he knew our house and had seen Susan many times in the neighborhood. He always thought that she was beautiful and told his wife about her, but said that she had nothing to worry about. He then proceeded to give Susan a big hug! He asked me what I did for a living. I told him, and told him why it is so important to own gold and silver now. By the end of the conversation he told me he was selling his AT&T stock that he owned for 30 years, and would be calling me in a few days for recommendations on what to buy. Yes, I can’t keep my passion for my industry in check, not even to the rabbi while going over details of my brother’s funeral.
Like the wise old rabbi said “Before you are 60 you are considered crazy – after 60 you are considered eccentric. I am eccentric.” And so he was, and most definitely, so am I. Always have been and always will be.