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Gold and Silver - The Ultimate Refuge
Although derided as useless by those with a vested interest in preserving the privileges accorded those who steal wealth and gain power via a fiat monetary system, gold and silver have historically served as a refuge when such a counterfeit system is threatened with degradation or collapse. Our mirage of a money system is facing a challenge to its viability right now. Should the Feds irredeemable paper scraps experience further loss of purchasing power, or global repudiation, gold and silver holdings will come through such a debacle intact and still be in possession of intrinsic value tradable for goods and services globally.
Given that we are hurtling headlong into what the Chinese would call "interesting times," it makes sense to grab hold of something that has been here before and has consistently come out intact - physical gold and silver.
Chris Blasi is President of Neptune Global Holdings LLC