Why do we buy gold and silver?

• “Gold and silver have survived every monetary crisis.”
•  “Precious metals are for the preserving of the purchasing power of the rand, not to make money.”
•  “The case for silver and gold is solid, it is a hedge against inflation.”
•  “Krugerrands are the world’s most popular bullion coins, the gold coin attracts no vat.”
• Krugerrands in 2005 sold for less than R3 000, today it  sells for R37 000.” (12 x increase).
•  “Silver Krugerrands did not exist in 2005. A silver coin would have cost more or less R100, today it sells for just less than R700.” (7 x increase).
•  “Precious metals give what no other paper asset does, it offers no counter party risk with ownership.”

Article courtesy of David Melvill
Real money specialist / “Goud- en silwerspesialis”