People are buying metals for two reasons:
* Precious metals are a store of value. Over time they retain their value unlike the dollar that has lost 95% of its purchasing power since the Fed was created in 1913.
* Precious metals are MONEY. They have been used as currency for 5,000 years and will continue in that role. Paper has been a historically recent and fraudulent experiment designed to steal from the people.
All I need to know in order to understand that even the Left believes that gold is currency is that our first great socialist president, FDR, stole gold bullion from the American people and made its ownership illegal. The last thing he wanted was for Americans to no longer need phony Federal Reserve notes. Without gold, they had no real alternative.
Yep. I continue to buy junk silver. I don’t plan to ever “sell” it. I plan to spend or “barter” it.
I firmly believe that $50 was/is cheap, compared to where it will be when I start actually using it.
>>Without gold, they had no real alternative.<<
What about silver? It’s real, and it is an alternative.