$150 for a Hershey Bar? (Video)

I like chocolate. In fact, I like it a lot.

That said, I sure wouldn’t pay $150 for a chocolate bar.

But apparently a lot of Americans value chocolate about that much, or they simply don’t understand the value of precious metals.

A few weeks ago, Mark Dice tried – and failed – to sell a 10-ounce bar of silver bullion worth more than $150 at today’s price, for 10 bucks.

Since nobody wanted to buy silver at such a deep discount, Dice tried to simply give the silver away. Last week, Dice recorded people facing the choice between a free, 10-ounce silver bar or a chocolate Hershey Bar. Every person took the chocolate.

Dice approached random people in Encinitas, California, and told them, “Today is your lucky day! You’ve won a free 10 ounce silver bar, or a free Hershey’s king size chocolate bar.” Most people didn’t even hesitate. One man said, “The Hershey Bar, you can eat it. You can’t eat a silver bar.”

To adapt an old saying, “Give a man a chocolate bar and he eats for a day. Give a man a bar of silver or gold and he can buy a whole bunch of chocolate bars.”

This illustrates the consumer driven nature of the United States today. Most Americans don’t save. They want to spend it now, buy it now and use it now. Chocolate is better than silver because it tastes so good and I can enjoy it in the moment.

But what about the future?

Wealth can disappear in an instant, just like that king size bar of chocolate. But precious metals not only last forever, they also historically retain their value, even in the face of currency debasement and central bank driven bubbles.

Valcambi CombiBars are known as gold “chocolate bars” because they can be easily be broken into 1 gram squares for barter or gifting. They may not satisfy your sweet tooth, but they will last you more than a day.

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