In my previous article, Being a Good Financial Steward: A Lesson from the Parable of Talents, I encouraged readers to follow the example of the good servants by finding a return on their precious metals. The good servants traded their talents (literally weights in gold and silver) in order to gain more talents.
And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey. Then he that had received the five talents went and traded with the same, and made them other five talents. And likewise he that had received two, he also gained other two.’ Matthew 25:15-17
While it’s not clear what activities were in involved in the trading of these talents, we are confident that the good servants were productive. (Matthew 25:20) Comparing this with the bad servant who simply dug his talent in the ground out of fear readers are given clear examples of both productive and unproductive financial stewardship.
Being Productive by Managing our Metals (Talents)
Today, we can follow the example of the good stewards by literally trading, or managing, our precious metals.
The four primary precious metals sold are gold, silver, platinum, and palladium. All of these metals trade independently from the US dollar, and more importantly they trade independent of each other, see below.
Gold (average nominal return of 6.4% since 1960) – $1,000.00 held in gold since 1960 would be worth approx. $31,500.00 in 2016 Silver (average nominal return of 5.3% since 1960) – $1,000.00 held in silver since 1960 would be worth approx. $18,000.00 in 2016
This post was published at Schiffgold on MAY 22, 2017.