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[–] 3 pts (edited )

It's hard to say, really.

Historically, they have been a valuable inflation hedge and they seem to be doing ok at the moment.

But both the gold and the silver markets have been so heavily manipulated for so long that who knows if they will be able to break out of the artificially low spot prices that they've been at for years. The goldbug investors like Peter Schiff have been pushing gold for years but you could have made a better return in a lot of other places. Gold has been basically flat relative to the S&P and other markets.

And maybe cryptos really will displace PMs as a new "gold standard". Who knows?

Also, gold and silver don't pay dividends and like another said, you pay a premium to buy and you sell at a discount, so it's purely price speculation to invest in them.

However, Russia, China and other countries not aligned with the West have been increasing their gold holdings for the last several years now. So if the US dollar ever loses its global reserve status, gold might replace it after all, especially if the second-largest economy (China) leads a movement to a gold-backed yuan as a new global reserve currency.

So, basically, I dunno. I have gold and silver and have for many years now, but I'm not adding to those positions nor selling. I'm just holding them while I build a cash position to take advantage of future opportunities. The markets are too volatile right now to make a good investment decision.