Can you get rich owning gold and silver?

A sentence you will often hear regarding gold and silver, is that they are only good for wealth preservation, and not for wealth creation. Unlike a stock or a bond, they don’t have a yield, and therefore you shouldn’t expect to get rich by owning them. During normal times that is certainly the case. But we are not living through normal times. Since 2020 inflation has erupted, with an intensity we haven’t seen since the 1970s. The increasing levels of debt across the world, and the lack of willingness among politicians to rein them in, suggest that this inflation is only going to get worse. As a matter of fact, we are at risk of experiencing a global hyperinflation, and the collapse of major currencies. I argue that in this specific environment, owning gold and silver can actually make you rich, and in this video I’ll explain why.

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Music:
Rise (Cinematic Inspirational) by MichaelSchullerMusic
https://linktr.ee/michaelschullermusic
https://freemusicarchive.org/music/michael-schuller/cinematic-inspirational-music/rise-cinematic-inspirational/
licensed under an Attribution-NonCommercial 4.0 International License:
https://creativecommons.org/licenses/by-nc/4.0/

#gold #silver #inflation #frenchrevolution #hyperinflation #rich