What we are saying is that many people don't see gold/silver as an investment, but rather as a store of wealth, or a hedge against inflation or a collapse in the value of their currency. Or simply as a way of diversifying their savings, lowering risk by not holding all their savings in a single form. I mean, if you DO make a profit off it, then great. But it's not the main purpose of holding the metal, for many of us. If you purely want to buy and sell metals to make a profit, then you are better off trading silver/gold electronically, rather than physically buying and selling the metal. Less spread between buy and sell and much quicker and easier.
Lets get right to it. If 1 ounce of silver buys you 30 litres of milk today (in Australia you can), then your aim is that that same 1 ounce will buy you 30 litres of milk in 10 or 20 years time. Take that same $30 in cash, which is equivalent to 1 ounce of silver today and will it buy you 30 litres of milk in 2023 or 2033? No, of course not. Hence silver/gold/platinum aims at preserving your purchasing power.
Well done Matthew 26:14 Spot on. The precise answer. You dont need profit. Retaining your wealth due to inflation.
Wasn't that obvious? How do you define profit? In dollars? Or in buying power? I define profit in the latter, and I buy silver instead of a bank savings account, to break even. And I don't name my silver purchases 'investment'. Lol, investing is putting money into machines, tools, ideas, so on. The dead metal I buy will be the same dead metal I sell. This investing? Hell no.
