Do Precious Metals Make Sense for You?
Many people say they buy precious metals to have access to physical/tangible exchangeable options in case of an emergency. Some do it for their kids or family, others say they do it as an insurance or hedge. Most would agree it is a good idea to have tangible physical metals available to them when needed.
Diversification and Hedge
Gold and Silver traditionally have an inverse relationship with the dollar and stock markets and thereby allow for portfolio performance when other paper areas, like stocks and bonds, may not. In 2008, as stocks fell by 50%, gold and silver rallied to all-time highs. The world and our markets are volatile today; precious metals make a great hedge.