The myth of expensive metals: Why gold and silver are never too late to buy...

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Every time gold or silver hits new highs, the same question comes up: “isn’t it too expensive to buy now?” It’s a fair thought, especially when headlines scream about records being broken and investors rushing in... But here’s the truth: the idea that precious metals can ever be “too expensive” is more myth than reality!!

What people often forget is that the price of gold and silver isn’t shooting up because the metals themselves are suddenly more valuable. The ounce of silver in your hand today is no different to the ounce of silver a hundred years ago. What’s changed is the money used to measure it. Fiat currencies; pounds, dollars, euros etc.. are constantly losing their purchasing power thanks to inflation, government spending, and central banks quietly devaluing over time. When you zoom out, gold and silver aren’t getting pricier; fiat is just buying you less.

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Think about it this way: in Roman times, an ounce of gold could buy a fine toga, belt, and sandals. Today, that same ounce of gold can buy you a decent suit, tie, and shoes. The purchasing power of gold and silver has held firm for thousands of years. Can you say the same for any paper currency?

So, when silver is pushing $50 and gold is soaring past records, it’s not that metals have become “unaffordable.” It’s simply that more people, from average savers to big institutional money, are waking up to the fact that precious metals are the safest parking space for their wealth. In times of war, political instability, or economic turbulence, capital naturally flows to hard assets. Silver and gold just happen to be the oldest, most trusted assets we have.

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@welshstacker, this is a fantastic and timely piece! You've nailed a common misconception about precious metals. The way you've explained the relationship between gold/silver and the eroding value of fiat currency is brilliantly clear and accessible, especially that Roman toga analogy! The visuals really drive the point home.

It's so important for people to understand this, especially with the current economic climate. I'd love to hear what others think - have you all been stacking, and how do you view precious metals in your investment strategy? Thanks for sharing this valuable insight!