Ladies and gentlemen, I ask you to please humor me as I attempt to tell this … financial parable. For the record, this is ‘fake’ news, but there is a metals market moral at the end of the story.

Imagine if you will, it is the year 1977. Can you see the bell-bottoms and shaggy hair? Imagine three brothers on the day their old Great Uncle Chester is laid to rest. I’m pretty sure at least one of the brothers has mutton chop sideburns.

Great-Uncle Chester leaves each of his nephews $1,000 in cold hard cash. About here we lose track of the brothers for 40 years, it is now 2017 and we meet up with the three brothers to ask them about what ever happened to Great Uncle Chester’s thousand clams.

Little Brother says he used it to put a 20% down payment on a sweet new Camaro right off the lot. He loved that car and drove it for years until his wife made him trade it in for a Dodge Caravan to haul around all the little ones they’d made. The $1,000 is long gone.

Middle Brother took the thousand bucks and stuffed it under his mattress, went off to join the merchant marine, and would spend the next 39 years at sea. When he finally came home to the old family house and lifted his mattress, what did he see? $1,000 in cash, but those thousand dollars could only buy about a fourth of the stuff it could buy back in 1977, when Uncle Chester passed. Little Brother put a down payment on a car; with a thousand bucks in 2017 he couldn’t even pay the taxes on a new car.

Then there was Older Brother. He figured that he would use his thousand bucks to buy 6 ounces of gold, which was $161 an ounce back then and used the change to go see Star Wars with his girlfriend. 40 years later, Older Brother still has those six ounces of gold he bought after Great Uncle Chester’s funeral and today those coins are worth nearly $7,500.

The moral of the story, fast cars are fun but don’t last, cash will never appreciate in value, and, lastly, gold is solid, gold is forever, gold is sound investing.