The beggar dug into his worn out pouch….

And out came a fist full of silver coins.
This is how a parent of one of my students explained in a witty manner, his present position when he had to pay his daughter’s tuition fee.

Frankly, I did not understand what he was conveying.
He explained to me in a sad voice, that he has dipped into his last savings which are nothing but 21 silver coins each weighing about 10 grams.

This he bought years ago when the gas still selling at 25 cents a gallon. At that time you could take a dollar down to the gas station and buy four gallons for a buck! And he assured me that the same amount of silver still buys four gallons of gas!

With a touch of melancholy he was speaking to me about the misconception people held that the price of essential commodities has gone up over the years and how it is not true.

There was a time our dollar was backed by REAL money, real silver. That just shows that real money like gold and silver holds its value and it is the green paper money that is now worth a lot less.

He was taught by his shrewd father to buy a few pieces of silver or gold here and there during his life journey which he did exactly.

Like so many Americans, he used to depend on Monex for authentic precious metals. They are one of the country’s oldest and largest
Precious metals dealer and has sold over billions of dollars worth of gold, silver and platinum coins.
Their 30 years of experience since 1967, is very valuable for small investors like us.

He took the liberty of advising me to take his word and invest in bullion. Who knows when it will come handy?

Looking at his tragic face, I refused to accept his silver coins as my tuition fee. After all who knows when it will come handy again?