So how exactly would investing in precious metals help me in the long run?
Helo everyone! I was wondering how would investing is a precious metal like gold or silver help me in the following senario: lets say today I bought $40k worth of silver ($33/ounce). A year from today Silver hits $100/ounce, now my investmentn yielded $121,212. My question is, why should i be very excited at this point, wouldn't everything else cost more as well? My guess is the only benefit is that I don't actually make money, but simply not lose money either. For the sake of the argument, if the silver hit $1500 instead and now my money is almost $1,800,000!! Should I be excited because now I have almost $2 mil or because my money is keeping up with the skyrocket price of everything ese, the most basic necessities of life if you would? You take would be much appreciated!