This is why you buy gold and silver

From FXStreet:

You began investing in precious metals because they represent something honest.

Gold and silver are tangible, scarce, and beautiful. People have always recognized them as such. Societies naturally gravitated toward using them as a trusted medium of exchange – money – almost as soon as societies were formed.

Over time civilizations have come and gone. The world has seen constant social upheaval and change.

People from ancient Sumer would not recognize modern society. But they would recognize a gold coin. In fact, some of the coins used in their time have survived to this day. Physical gold and silver have retained the trust and value placed in them thousands of years ago.

Gold and silver do not rely upon the stewardship of any government, thank goodness. They do not require legal tender laws to be deemed valuable in trade. The metals you hold inside your safe are worth something regardless of what happens outside.

Bullion coins, rounds, and bars are also completely off the grid and portable. This potent combination of attributes makes metals unique in the investment world.

Perhaps most importantly, gold and silver shine the light upon what politicians and bankers are doing to the fiat dollar. Relative to an ounce of gold, the dollar has lost some 97% of its value since 1913.

The Federal Reserve System was formed 105 years ago with a mandate to maintain stable prices when measured in dollars.

Instead, officials have worked tirelessly to devalue the currency, booted gold and silver out of the formal monetary system and enabled massive growth in government along with perpetual deficits.

One only needs to look at the gold price to measure just how poorly the central planners have managed their beloved Federal Reserve Note…

Continue reading at FXStreet…

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