Central banks are buying them and so should you — precious metals
Investment idea #2
In the first part of this series on investment ideas, I told you about my rotation into the dollar. However, I expect the dollar to lose its strength within the next year or even months. So how do I protect myself from depreciating currencies? This is where tangible assets can show their strength. These include the classic investment metals gold, silver, platinum, and palladium, and these are what this article is about.
The yellow shiny stuff called gold
I’m probably a gold bug. I think gold is beautiful. It shines, it has value, and gold doesn’t lose that value in the long run. It hasn’t for thousands of years. Gold has been seen as something valuable in all cultures around the world since the beginning of its discovery. Whether you travel to the most remote places in the world or live in our highly technological world, gold has value everywhere. Therefore, gold should also be viewed not as a short-term investment that will bring you quick profits, but as a long-term investment to preserve your wealth. In Germany, for example, there is also no tax on profits from gold sales made after a one-year holding period.
Gold has several advantages. First, it has always served as asset protection, especially…
