by JL Yastine
The Sovereign Investor
I get this question all the time from people: Why should I bother owning physical gold or any other precious metal like silver or platinum?
What’s my answer? I tell them owning precious metals is an insurance policy, plain and simple. And with central banks doing what they do best — dropping interest rates down to zero and putting the money printing presses into overdrive — boy, do we need some insurance these days.
Think about it. Let’s use another kind of wealth protection — fire insurance — as an example.