Now let’s take a look at the second reason for buying gold and silver. You are concerned about a Financial meltdown.
This is why I invest in silver and gold.
Fiat currency’s all across the globe are at a tipping point.
The United States has long been the worlds reserve currency. Unfortunately, it has embarked on a process of devaluing the currency by printing mind-boggling amounts of money. The printing of money has, throughout history, always been the last resort before a complete collapse of the currency. Knowing this, the government couldn’t simply call it “printing money” so they came up with a fancy name and called it “quantitative easing“. The bottom line is that it doesn’t matter what you call it, it is still money printing that only serves to make our fiat money worth less and less. All you have to do is look at Zimbabwe and Weimer Germany to see this.
All Fiat currencies eventually return to their intrinsic value which is zero.
With this in mind, you should be buying gold and silver and trading your devaluing fiat money for the only true currency that has remained as a true store of value for centuries.
1 ounce of gold 50 years ago would buy you a nice men’s suit. 1 ounce of gold now still buys you a nice men’s suit. That same nice men’s suit 50 years ago cost you around $300 and now it cost you $1200. It takes four times more currency to buy that suit now than it did 50 years ago but it still cost you 1 ounce of gold.
When the fiat currencies melt down across the globe, you will need gold and silver to transact every day activities.