Two reasons:
1.) Precious metals (gold, silver, platinum, etc.) are tangible. Tangibles are always a safe tool to preserve wealth. Stocks, bonds, treasuries, etc. are valued based upon perception. The perception is that the gubmint, corporations, banks, et al will be able to cover their financial obligations as long as the rest of us are willing ot accept their paper as a “tangible” value or commodity.
2.) Precious metals are real. Paper/fiat currency is not. Paper currency is nothing more than the gubmint’s promise to fulfill a financial obligation to the person(s) holding a worthless piece of paper with a “cool” design. Paper money is worthless! It’s a confidence game. It’s only as valuable as the confidence the holders have in its ficticious worth. Paper money/fiat currency is a con-game.’
FYI...The reason for the drastic drop in the value of precious metals over the past month is due to the big players (i.e.: Goldman Sachs, Georgie “I murdered my fellow Jews” Soros and other big investors) have been divesting themselves of precious metals to keep the value of PMs depressed.
It’s just a monster scam being played out.
Quit listening to the experts on MSNBC and CNN and open your friggin’ eyes.
Thank you