by Harry Richardson, Silver Seek:
I have been saying for a few years now that buying gold and especially silver bullion was a good idea. If you had followed my advice and bought silver two years ago at $50.00 an ounce you could have sold it a few days ago for a shade under $20.00.
To understand why I still stand by my advice, it is important to understand that buying gold and silver bullion should only be partially considered an investment. Instead, it should be viewed primarily as an insurance policy against monetary debasement/collapse. Whilst most of us have house insurance, the fact that our houses didn’t burn to the ground makes that policy a lousy investment. That still doesn’t mean it was a mistake to buy the policy. Over the last two years the cost of a silver insurance policy was steep, but I still believe it was worth the price.
In my last article:
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