I have a few dollars invested in a retirement account that a financial adviser helps me with, but I do not own any gold or silver.
However, I, like many others, am bombarded with solicitations to buy gold and silver as an investment.
The main reason I should do this, the solicitors claim, is to protect my “worthless” dollars from becoming even more worthless in the future.
This seems illogical and implausible. If gold and silver are so much more valuable than my “worthless” currency, why then are these solicitors, who presumably are in possession of these precious, and highly valuable metals, willing to part with them in exchange for my “worthless” dollars?
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And, what are they going to do with the “worthless” dollars they get from me?
Maybe I’ll keep my dollars and avoid paying the commissions associated with buying gold and silver.