The Stigma of Precious Metal InvestmentLCR Coin
1. Precious Metal Investment Is For Paranoid Survivalists Addressing the most pernicious and damaging myth first – many people associate investing in gold or silver with someone convinced the end is nigh, likely stashing it in an underground bunker in their backyard. With the increased exposure of the stereotypical paranoid doomsayer, mainly thanks to TV and the internet, and popular culture in general, it’s become easier than ever to write off anyone who stockpiles in case of an emergency. The truth here is that the majority of precious metal investments are made in preparation for a very different type of disaster – the financial kind. We have seen, time and again, that global and domestic economical systems are fragile, prone to major fluctuations and outright crashes. Unsure, unusual, or unreliable economies can result from a slew of factors, from changes in technology and culture to large-scale conflict, and your traditional IRA or savings can suddenly be worthless in the event of a major crash. Investing in something like gold ensures you still have options should the worst happen.