Friday, May 27, 2011

Millionaire Wellington Burt Should've Bought Gold!

Wellington R. Burt was a lumber baron from Saginaw, MI who died in 1919, leaving a fortune then valued at $90 million dollars. At the time, he was one of the eight richest men in the USA. What makes him even more interesting is that he stipulated in his will that his estate should not be distributed until 21 years after his last grandchild had died!

Recently, a Michigan probate court finally settled his estate, and will divide an estimated $100 million dollars among a dozen of his relatives. Obviously, money like that is a godsend for anyone, but I have to wonder just where his money had been parked that it's value in US Dollars has virtually stood still. Did they throw it all into some low interest passbook savings account?

I like to imagine, however, what would've happened if he'd converted his entire wealth into gold shortly before his death. At $20 per ounce he could have purchased 4.5 million ounces of the shiny, yellow metal! At a price of $1500 an ounce today, his estate would now be worth 6.75 BILLION USD! A substantially larger sum of money for his heirs to split.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below): 


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