In times of economic uncertainty, it can be useful to re-learn why precious metals remain to be one of the best alternative investment options. If you haven’t watched Mike Maloney’s series on the Hidden Secrets of Money, don’t forget to bookmark this free resource. From learning about the differences between currency and money to understanding why precious metals have outperformed fiat currency throughout human history, there is a lot of good information. This blog aims to provide a summary as an introduction to the topic as our team believes precious metals are a great alternative investment option.
Precious metals, such as gold and silver, have been considered valuable and desirable for thousands of years. They have been used as currency, jewelry, and industrial purposes. In today’s modern economy, they continue to hold a significant place as a store of value and a safe haven asset. Renowned precious metals expert Mike Maloney agrees and shares education on why precious metals are one of the most stable forms of money.
One of the primary reasons why precious metals are considered a stable form of money is their scarcity. Unlike fiat currency, which can be printed in unlimited quantities, the supply of gold and silver is limited. The amount of gold and silver that can be mined is finite, and the production of these metals is not easily increased. This scarcity makes precious metals a valuable asset that holds its worth over time.
Another reason why precious metals are considered stable is their use over the ages. Throughout history, gold and silver have been used as a store of value, a medium of exchange, and a unit of account. They have been a part of the global economy for thousands of years, and their value has remained relatively stable. This long history gives investors confidence that gold and silver will continue to hold their value in the future.
Precious metals also offer protection against inflation. When the value of fiat currency decreases due to inflation, the value of gold and silver tends to increase. This is because the supply of precious metals cannot be easily increased, unlike fiat currency. As a result, investors often turn to gold and silver as a hedge against inflation.
Credit: Women Who Money
Another advantage of investing in precious metals is their portability. Gold and silver are highly portable and can be easily stored and transported. This makes them an ideal asset for investors who need to quickly move their wealth to another location or who want to keep their wealth in a secure location.
As Mike Maloney explains in his series, precious metals are highly liquid. This means that they can be quickly bought and sold without a significant impact on their price. Gold and silver are traded on global markets, and their prices are widely recognized and accepted. This liquidity makes them an ideal asset for investors who want to quickly access their wealth.
Finally, precious metals are considered a safe haven asset. In times of economic uncertainty or market volatility, investors often turn to gold and silver as safe places to store their wealth. This is because precious metals have historically held their value during times of economic turmoil. As a result, investors often turn to gold and silver as a way to protect their wealth during times of uncertainty.
In conclusion, precious metals are one of the most stable forms of money. They offer many advantages, including scarcity, history, protection against inflation, portability, liquidity, and safety. Mike Maloney’s expertise in the precious metals industry confirms the value and importance of investing in these assets. While investing in precious metals may not be suitable for every investor, they can be a valuable addition to a well-diversified portfolio.
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