SOURCE
Throughout all of history, inflation has been the silent thief of wealth. Governments and rulers have offten leaned on it as an easy way to reduce debts and fund ambitions. In the Roman Empire, coins were clipped and debased until their silver content was barely recognisable. Centuries later, kings would “re-value” curency to stretch their treasuries further, while in modern times, central banks simply create money digitally. The result is always the same: the purchasing power of every day people is eroded, sometimes so gradually that it goes unnoticed until it’s too late.
Gold and silver are different. They resist this manipulation. They can’t be printed, conjured, or devalued with the stroke of a pen. They’ve stood the test of time as stores of value preciseley because their worth comes from their scarcity, their utility, and the trust that humanity has placed in them for thousands of years. In a world where most assets are tied to government policy, interest rates, or fragile markets, precious metals remain outside the system, immune to the corrosive effects of inflation.
SOURCE
For stackers, this isn’t just about wealth preservation; it’s about independence. Holding silver and gold is a way of stepping outside the rules of a rigged game. It’s a quiet rebellion against the endless cycle of printing and devaluation. When currencies fall apart, whether suddenly, like in hyperinflationary episodes, or slowly, through decades of erosion, gold and silver retain their power to buy food, shelter, and security.
My take is slightly different, but your version is fine…
I've long been drawn to the idea of owning gold and silver, but I really am not attracted to holding the physical metal. I toyed with buying non-descript sovereigns, but instead I opted for Invesco Physical Gold and Invesco Physical Silver funds in my ISA...now before you blow a fuse and tell me I own nothing but paper records...I will say the silver and gold is in a JP Morgan vault in London..I know..that probably doesn't help calm you down much :-)
My logic, is that if we get to the stage where I need to rely on physical gold to meet my needs, well, maybe shotgun shells will be a better currency then...and at that point it is game over and my most precious items will be my Shovel, Sprong and Billhook.
Invesco funds doing well atm tho :-) , now I just need more BTC
Never going to judge anyones decisions. What works best for me might not be the best solution for someone else. The reason why i advocate holding physical so much is mostly due to keeping the governments sticky fingers away from any profits. Physical, while not completely untraceable, gives an individual the best chance of remaining anonymous and staying under the radar.
If the shit really did hit the proverbial fan; food and bullets would be top of my list too.
We all need more BTC!! 😀
I had a friend who had a jewellery shop,a little pokey , dusty place in WC1 yrs ago, he had loads of very basic sovs at great prices, he was a big proponent of British Sovereigns for the simple reason that you could authenticate their gold value very easily with medieval tech. One known sov, a pan balance and a callipers. He reckoned ingots were less easy to shift in "dire circumstances" as they needed specialist tech to properly verify. That was when I came close to buying some sovs...they were $85 each at the time
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Counter argument.., the government loves you and gold is an archaic relic.
OMG!! Ive never looked at it that way before... youve goven me a whole new perspective