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Very few assets evoke as much intrigue and fascination as gold and silver. With the recent sharp rises in their prices capturing headlines and investor attention, it's crucial to recognise the longterm roles of both, not merely as a means to get rich quick, but as a stalwart guardian of wealth preservation.
Concentrating on gold and its appeal, iys allure lies not only in its lustrous appearance, but also in its timeless reputation as a constant store of value. Throughout humam history, civilisations have prized gold for its inherent stability and universal acceptance. Unlike all "fiat" currencies susceptible to inflation and geopolitical turmoil, gold stands as a bastion of reliability—a tangible asset whose worth transcends fleeting market trends and the greed of governments and banks....
While surges in gold prices may indeed yield handsome returns for those smart investors that got in "early", it's essential to approach gold with a mindset of long-term wealth preservation rather than chasing short-term gains. Gold's intrinsic value lies not in speculative fervor but in its ability to serve as a hedge against economic uncertainty, geopolitical termoil and currency devaluation.
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Amidst today's economic volatility and geopolitical tensions, the allure of gold as a safe haven asset has never been more pronounced. As central banks around the world embark on unprecedented monetary stimulus measures and fiscal policies, the appeal of gold as a bulwark against inflation and financial instability remains undiminished.
Gold's utility extends beyond mere investment considerations. The shiny yellow metal serves as a cornerstone, a glimmer of hope for all diversified portfolios, offering protection against systemic risks and providing a sense of security in times of crisis. Whether in the form of physical bullion or gold-backed securities, gold offers investors a time-tested refuge amidst turbulent market conditions.
As we all continue to traverse the complexities of this rapidly evolving global economy, let us not overlook the timeless wisdom inherent in gold's enduring allure. While the allure of soaring gold prices may captivate our attention, let us remember that the true value of gold lies not in ephemeral riches but in its steadfast role as a guardian of wealth preservation—a beacon of stability in an ever-changing world.
And finally, as a wise person once said:
Gold and silver will never make you rich!! But it will stop you from becoming poor.
@welshstacker
If you dont own any precious metals, then why not tell us? As a community we encourage ALL engagements and encourage everyone to take the plunge and own at lease a sinlge ounce of silver or a fraction of gold. If your struggleing to find a safe and secure place to buy, reach out to the community as there is always someone willing to offer their time and advice to help you out.
40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or actifit, and we can keep each other motivated .
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I have heard a lot of talks on saving a precious metal, even Robert Kiyosaki preaches this, but I have a question do people really turn to gold as a safe haven during global or economic crises where food is scare do gold really help?
Good question - we all know you cant eat gold.... we all know you cant drink gold..... but time after time, civilisation after civilisation, gold has proven to be the resource most sort after once the termoil/unrest has subsided. Who ever is left holding the most gold in the end, often ends up being the new superpower.
Who ever holds the gold, holds the power, who ever holds the power dictates the rules.
Sorry friend I do not really get it, the logic you just stated occurs after the war, and food supply returns back to normal, you believe gold will be used for exchange then, just like in the evolution of money.
The question is after a war, the period of plenty comes again do you think Gold will still hold value in our era were technology had gone wide, isn't there a slight chance it will start to using cryptos which are safe and more portable?
If i could tell the future, then id be super rich and not need to worry about anything.
If history has taught us anything it is that GOLD has, was and is the standard everything reverts back to. While I do think crypto(coins) have a place, and that blockchain technology is a fantastic addition and can only benefit himamity, a tangible asset that can be circulated without technology will still be the chosen form of money for most of the planet
Kinda true
"Wealth Preservation" I like that term. It's a good one, especially the last part of it. It's a good reminder that you are protecting what you already have, not necessarily growing more (though lately you maybe are!).
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We may be in for even more gains for our shinies !BBH
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