Investing in gold and silver has many benefits in growing and securing one’s wealth. Throughout history, money, which generally refers to gold and silver, has gone through a transition where fiat currency has taken its place. Fiat currency is faith-based national currencies which are not backed by anything of value such as gold and silver. All fiat currencies have failed. Since 1971 all of the world currencies are fiat currencies simultaneously.
As some economist forecast a global economic meltdown, they are recommending the acquisition of gold and silver. When economic hard times occur, having some of your investments in gold and silver will most likely increase in value while fiat currency, such as the dollar, will decrease in value. Gold and silver are true money, which is to say they are real money which retains their value and have a history of holding their value. They have been used for over 5000 years.
You can preserve and grow your wealth with gold and silver. During times when wealth transfers occur, investing in gold and silver maintains your wealth. Governments and Central banks have been printing too much paper money which devalues the currency. Gold and silver cannot go bankrupt and default on promises or obligations. They won’t lose their value.
Diversifying your portfolio with gold and silver will ensure a well-rounded plan. Approximately 10% to 20% your total investments should be in the precious metals. Other types of investments such as real estate, bonds, and stocks are volatile and can impose risk.
Supply constraints, which means there is a finite supply of gold and silver, which are made by the cosmos, not by man. There is only a finite amount of both gold and silver on the planet.
Market phycology such as greed and fear will burst an economic bubble which may have taken it decades to build, but only a fraction of the time to bust the bubble. Gold and silver can jump in value during a bubble burst.
Purchasing gold and silver may be expensive, but the long-term investment is well worth the peace of mind that comes with real money.