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Why You Should Consider Owning Precious Metals
And some helpful tips if you plan to do so.
Last year, I decided to finally purchase gold and silver bullion. Not because I thought the apocalypse was imminent. Or because I thought the economy was collapsing. Gold and silver bugs have long been lumped in with bunker-building doomsayers and economic Chicken Littles. I’m neither of those things. Even if civilization were to collapse, you wouldn’t want to be holding gold and silver anyway. In a post-apocalyptic society, things like food, water, clothing, bullets, gas, and oil represent far great currency than the yellow metal and its gray counterpart. You only need to look at places like Venezuela to see that.
No, it was curiosity and interest, and the desire to diversify my investments. I’ve been in stocks and options for years now. Two years ago, I got into cryptocurrency and DeFi. But last year, I finally made the plunge into the precious metals asset class.
Since then, I’ve accumulated what you might call a good “starter kit” of silver and gold, and the experience has been rewarding and fulfilling.
But why “invest” in gold and silver?
Firstly, it’s not an investment. It’s not even an “inflation hedge,” as gold is often touted as by the late-night infomercials. For something to truly be an inflation hedge, it…
