For Centuries Bullion (Gold & Silver) have represented financial independence, generational wealth and means of trade/commerce. There is no other asset like it as it provides a universally accepted value WITHOUT counter party risk.
People buy bullion for several reasons, including:
- Investment: Bullion is often seen as a store of value and a hedge against inflation, as it tends to hold its value or even increase in value over time. Some investors buy bullion as a long-term investment or to diversify their investment portfolio.
- Preservation of wealth: Bullion can be a useful tool for preserving wealth, particularly during times of economic or political instability. It can be used as a form of currency in the event of a financial crisis and is often seen as a more stable and secure asset than paper currency.
- Collectability: Bullion can also be collected for its aesthetic value, numismatic value, scarcity and limited production or historical significance. Many bullion coins feature intricate designs or known historical figures, making them a popular choice among collectors.
- Barter and trade: In some cases, bullion can be used for barter and trade, particularly in situations where other forms of currency are not available or are less desirable. People like to have some of their wealth close by incase they need it.
- Private ownership: Owning bullion provides a sense of personal ownership and control over one’s wealth, as it is a tangible asset that can be held and stored privately. Once you own it its yours, it’s not a promise to be yours, you own it, you can hold it, you can hide it, you can give it, you can move it and you can sell it.
Overall, there are many reasons why people buy bullion, and the choice to purchase bullion can depend on a multitude of reason such as personal preference, investment goals, and other individual factors.
