Comment: I view metals as

(See in situ)

In reply to comment: I don't know if I speak for (see in situ)

I view metals as

I view metals as insurance ramicio. I was a financial advisor for 20 years and we had to use the "Prudent Man Rule" for investing which relies on what "they" call the "risk free asset," the dollar or Treasuries.

This is primarily based on Modern Portfolio Theory which is where we get the term: risk free asset.

But are the dollar and treasuries truly risk free? Obviously not as one loses purchasing power over the long term by holding them.

The only solution to this is to hedge, or insure one's portfolio with gold. This has been proven to reduce volatility yet buying gold is mocked by CNBC and many financial advisors who have been wrong about gold 12 years straight.

While one can trade with ETFs as an investment strategy, owning physical gold gives one peace of mind similar to car/home/health insurance. You hope you never use it, but it's there if you need it, and it doesn't hurt that it benefits a portfolio with added purchasing power.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!