The "insurance" is that silver and gold never go bankrupt. So, unless you're investing in contracts, there is a fairly well defined downside risk.
I'm personally not very enamored of bullion. But I can see the attraction.
During the Carter Administration, the money supply increased by about 51% and helped lead to rampant inflation. The current stimulus package promises to leave that increase far, far behind. Heaven only knows what kind of inflation that may lead to.
Now, unless you believe that the current crew in D.C. are capable managers who can react quickly in the event of untoward events, you may be wanting to put your assets into a safe haven. Gold and, to a lesser degree, silver have always been considered as safe havens during times of economic uncertainty.
But, since you used "
" I'll have to assume you have a better place to shelter assets.
Do you care to share, or would you like to remain simply a sarcastic nay sayer?
Must use Buy It Now and PayPal.
)
)
)
)
)
