Why is gold valuable?
“In light of the deep recession caused by the coronavirus pandemic, the world’s most powerful central banks have responded in two ways: with a combination of quantitative easing – essentially money printing – and lowering interest rates (to sometimes even negative rates). The combination of these two monetary actions could possibly lead to inflation. As a result, many people seek gold as a more reliable store of value than normally stable paper currencies.”
USAGOLD note: Solid overview for first-time investors. This article lays out the reasons why gold is a valuable alternative to currency-based savings.
Repost from 8-27-2020