I've thought about buying gold, but I decided it was not worth the aggrivation. You take a loss buying it, you take a loss selling it, and while you hold it there is no assurance it will go up in value, so you may very well take a loss holding it. The last time there was hysterical gold buying, the price of gold crashed shortly after.
Silver, I have never considered buying. Nobody cares about silver. Gold is the only metal that has a mystique. In a doomsday scenario, nobody is going to want your worn-old old silver coins for their silver content.
silver has a lot of industrial uses.
Don't forget...Gold was made illegal to own by the Demorats in 1933 and more than likely will be again when SHTF.
And precious metals are actually inflated. It's how they keep prices low.
They buy and sell gold and silver that they created out of thin air and only exists in paper.
Hugely fraudulent but hey. Who can hold them accountable?
Doesn't basel iii make some effort to remedy that?
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