Silver bought six months before 9/11 at $3.50 oz is now getting $24 oz….and it is in your hand, not a promise to pay or an electron on the screen.
Sure, you can argue paper instruments ( stocks, .gov notes of debt..) returned more….but remember Rule 1: PMs are financial Insurance. Rule 2: If you don’t hold it in your hand, you don’t own it….PM’s have always performed when called upon in times of financial crisis.
I bought some silver in 1983. I still have it. I bought at $16 per oz. Today silver is at $22.51 per ounce.
Repeating -— Silver is an industrial metal that will really plunge in price during a deflation.