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The precious metals are simple. This is the only asset class that doesn’t depend on something else for its value. Stocks depend on a company’s profit, at least that’s how it was supposed to be. Bonds depend on a coupon payment. Apartments need rent-paying tenants. The precious metals need nothing. It’s pure, unadulterated wealth. In the previous article, we already covered the topics for the record high stock market with the real earnings low in a decade at the very same time, also the bad perspectives for the government bonds and the globally synchronized debasement for all the fiat currencies. Let’s also not forget what happened with the mortgage and rent payments in the last economic crisis from 2008-2009.
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That’s why governments and central banks hate precious metals – at least in a public capacity. The precious metals tell the truth about value. They expose the games that the governments play with the value of the fiat currencies. The officials can create limitless amounts of the latter. Politicians think every sign of pain deserves a bailout. They’ve done it for years. The pace and scale only increase. They’ll never stop.
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The precious metals on the other hand don’t answer to any decree. As covered in the link below the politicians can take it away from people but they can’t order an increase in production:
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Hold onto your guns... and your silver.
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Having that in mind buying 10 bars of KCM 2000 fine silver doesn’t look like such a bad idea at all: 1 Kg KCM Fine Silver Bar 999.9
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