June 19, 2013
The two reasons gold and silver increase in value are:
- Long-Term Inflation – While the correlation between measured inflation and the price of gold isn’t perfect, over the long term (30+ years) it comes pretty close.
- Uncertainly Risk – Examples are: the solvency of sovereign nations, or the chance of going to war. Meaning you will need to use gold and silver to barter for goods.
To put it simply — gold and silver are a store of wealth.
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