7 benefits of owning gold and silver
Did you ever ask yourself, as an individual or as an investor, why you should own gold or silver? You should look around you to discover is happening in the world: governments have too much debts which is impossible to pay back anymore, inflation is looming, currencies all over the world are losing value, banks need massive amounts of money to survive.
In your daily life: did you compare the amount of money you paid for a full tank at the gas station, let’s say 3 years ago, compared to today? Did you do the same exercise or for a full shopping cart in the grocery store?
Let’s be honest with each other, something bad is going on here. And governments don’t want you to know, they pretend all is fine. Their role should be to tell the people the truth and protect the masses, right? They are not, unfortunately. So you need to rely on other sources to learn what really is going on.
Anyway, let’s have a look at some reasons why you should own physical gold and silver :
- You can protect your savings against the currency devaluations.
- You can protect your purchasing power as inflation is steadily rising.
- You can protect yourself should a severe banking crisis occur, should one of the big banks collaps for example.
- You can protect your portfolio and wealth if an economic crisis in China, the US or Europe occurs. Even if an economic crisis would result in (temporary) deflation, you would be relatively better off with gold than being in paper money or paper assets.
- You can protect yourself against the uncontrolled actions of governments, who have excessive debts and try to solve it with huge money printing. Trying to solve the problem of too much debt by creating even more debt is really strange. Anyway someone has to pay the bill … you better be sure it’s not you.
- You have no counterparty risk with gold and silver (contrary to paper assets where there is always a counterparty risk involved)
- You should own gold and silver because the trend is your friend. Look at thes 7 charts that prove we are in a major wealth cycle in gold and silver. What is more easy than being invested in the trend ?
Are you convinced of the benefits gold and silver? Then proceed by reading our 7 tips to increase your wealth with gold and silver. If you are ready to invest in precious metals, then have a look at the trusted companies we’ve selected for you where you can buy gold or buy silver.
Author: Desk of GoldSilverWorlds.com
Date: February 2012, updated September 2012
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