/biz/ - Business & Finance

>>51320473
Then you're buying precious metals for the wrong reason, friend. Read about the US banking and monetary system. There is a premium and interest owed on every single one of your paper dollars. The word "dollar" actually means silver, it's the english definitive of the "thaler" which literally means silver coin. This is what dollars were throughout US history, silver coins. Over time we switched to a more representative system of money, paper money you could redeem for a silver dollar whenever you wanted. The paper was a receipt for real money. Eventually people were convinced that the paper bills themselves were money and the bond between them was removed.
You are taking your government issue credits and exchanging them for real money. All of your ancestors considered silver money. And the exchange rate is getting better in your favor. You should feel great
If you're just buying to turn around and sell in a few years for a little profit when the prices go up, you're not in this for the right reason. You're still thinking of things in terms of fiat.