I know very little about stacking or investing in precious metals. But once in a while I will see someone recommend stocking up on gold or silver. Lin Wood also recommended this so it piqued my interest.
Since I know very little about this stuff, I'm going to do my research before doing anything reckless. But every time I see a question like "should I buy gold or silver?" being asked on reddit or quora or whatever. They always get flooded with the generic "don't buy gold/silver, it's a bad investment blah blah blah".
I always see people telling others to not buy gold or silver but their actions suggest the opposite. If it's so bad, why are there still tons of people out there trading like no problem?
Definitely not. I'm going into this with zero intentions of making gains. This way I don't get greedy and overextend myself. I want to stack as an extra option to protect some of my savings.
I live in Canada and I'm seriously concerned with our current government's reckless behavior of endlessly printing out cash. I thinking of starting small and just buying either a roll of standard maple leafs or some bars in case shit goes crazy with our CAD. Of course I will still have cash sitting in the bank. I'm not treating it as an investment, just as a way to protect some of the cash that I already saved up. I'm seriously worried about the future of Canada's currency lol. But I've been on the fence about it for a while. There's so much misinformation out there I'm getting analysis paralysis.
I have the same questions you have, but it is hard to get a straight answer. Everyone keeps telling me "gold does this, gold does that, not a great investment, blah blah".
I just want a vehicle that I can put my savings into that will hold its value. Simple as that. If the $ goes to zero, I want something that will have value.
I understand that if there is a total destruction of civilization, having trading supplies are a strong position.
It is my opinion, that physical gold and silver have been valued by mankind since the dawn of time and if all goes to hell, they will continue to hold value. I am not offering advice, but I think I am going to use that reasoning to determine what metals I buy.