People buy gold and silver for a variety of reasons, but some of the most common reasons include:

1. Store of Value: Gold and silver have been used as a store of value for centuries because they are durable, scarce, and easily divisible. As a result, they are often seen as a hedge against inflation and a way to preserve wealth.
2. Portfolio Diversification: Many investors include gold and silver in their portfolios as a way to diversify their holdings and reduce risk. This is because gold and silver often have a low correlation to other asset classes, such as stocks and bonds, and can provide a hedge against market volatility.
3. Safe Haven Asset: During times of economic uncertainty or political instability, investors may turn to gold and silver as a safe haven asset. This is because they are seen as a tangible and reliable store of value that can hold up during times of crisis.
4. Industrial Demand: Gold and silver are also used in a variety of industrial applications, such as electronics and jewelry manufacturing. As a result, their prices can be influenced by changes in industrial demand.
5. Currency: In some cases, gold and silver are used as currency. This is because they have been accepted as a form of payment in the past and are still accepted in some parts of the world.
6. Legacy Wealth: Gold and silver can be passed down as an inheritance or bequeathed to beneficiaries through a will. This can be an effective way to transfer wealth across generations, as gold has been a reliable store of value over time. However, it's important to ensure that the gold is properly stored and secured to prevent loss or theft.
7. Privacy: Purchasing physical gold and silver can be a private transaction, as it is not typically reported to any government agency. This means that the purchase and ownership of gold can be kept confidential.

In summary gold has been considered a store of value and a hedge against inflation for centuries. Historically, gold has retained its value over time, unlike paper currencies that can be devalued by inflation or other economic factors. Therefore, it is not surprising that smart investors choose to include gold and silver in their portfolio as a way to diversify their holdings and protect against economic uncertainty.

Diversification is key in any investment portfolio, and including gold and silver can be a prudent strategy to hedge against inflation, currency devaluation and maintain legacy wealth.

LCR Coin is here to help you every step of the way should you choose to add gold or silver to your portfolio.