Why do people buy gold and silver?

People buy gold and silver because they are known for keeping their value over time, especially during economic uncertainty. These metals are scarce, durable, and easy to store or transport, making them practical investments.

Gold and silver are often seen as safe options to protect wealth from inflation and currency changes. Unlike digital assets, they are tangible and cannot be erased or hacked, offering a sense of security. Additionally, they are easy to buy and sell without needing a third party, providing privacy and flexibility for investors.

Picture of gold bullion bars
Submitted: 14-09-2024
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