Precious metals have real and intrinsic value because they can be used in a vast array of useful and/or desirable products, from chemical compounds and solutions, medical products and devices, dentistry, integrated circuits, time pieces, currency and collector coinage, jewelry, architecture, furniture, artwork, catalytic converters, solar panels, hydrogen production, zero-emission fuel cells, a store of financial and economic value, and more.
Precious metals have never been worth zero and have exhibited a relatively steady growth in monetary value.
Now, I know your platform is about freedom of choice, and I agree with you, but the choices that are made are what make the difference.
With precious metals, the value is what you say it is to you. Although gold and silver have taken a significant hit in the past month, my investment in numismatically graded and low mintage coins continues to appreciate. With a lower spot price, I continue to buy where the opportunities exist and where frightened investors want to bail because they don't know the value of what they have. Collector coins are destined to appreciate because mintage is fixed by year, collectors hoard coins, taking them out of the market more or less permanently, thus reducing supply vis-a-vis increasing demand, so Voila!
The value of bitcoin is based on what someone else says it. With a 50% tumble and a trillion $ market cap loss, I would not consider an investment therein, but the foolish gamblers who sit at the poker table in Vegas thinking they will win it back will continue to dump their money in crypto thinking it will go back to $126K and beyond. Meanwhile, it could go to $30K or $10K or $Enron-K.
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