Why Should I Buy Precious Metals like Gold and Silver Bullion?
Investing in gold and silver bullion is a novel concept to most people. Throughout human history however, precious metals like gold, silver, platinum and palladium have served numerous purposes from industrial applications to stores of wealth and even the basis for a nation’s currency.
In fact, the United States’ currency was based entirely on gold up until 1913 and remained somewhat linked to gold until 1971. As a result, the nation’s economy as a whole and the value of its currency remained relatively stable.
Historically, precious metals like gold and silver bullion have not suffered the boom and bust cycle prevalent in many other forms of investment. If you own a home or invest in the stock market, you know what we’re talking about here.
And that’s the #1 reason among many others to consider buying gold and silver – stability.
There are a multitude of reasons why precious metals like gold and silver bullion bars and coins, platinum and palladium remain stable while other items fluctuate wildly. First, precious metals have intrinsic value, meaning that they contain something people find value in. Regardless of the general economic condition, people will always find value in precious metals.
Consider investing in American Gold Eagles, the official gold bullion coin of the United States. Gold used in making the Gold Eagles must be mined in the US, according to the Gold Bullion Act of 1985. Each American Gold Eagle is guaranteed for weight, purity and content by the US Government.
Also, many modern industrial processes utilize metals like gold, silver and platinum to manufacture electronics and because their conductivity is unrivaled.