Comment: Insurance

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Insurance

Think of precious metals as an insurance policy against a currency catastrophe. How else can you protect yourself from a currency collapse?

If the dollar collapses, precious metals will rocket in value. Precious metals offer a way to hedge against foreign exchange risk and capital controls. Additionally, there is no counter party risk.

Think of precious metals as an insurance policy on the loss of value of your personal savings account. You can by insurance for the loss of your life, the loss of your car, the loss of your home. But, you can't buy insurance if the value of your savings account is devalued. Gold and silver offer just such protection.