Buying gold and silver never really goes out of style. In fact, over the past few years, buying gold and silver as an investment strategy has gotten very popular. Do the recent declines in the price of both mean that buying these metals is about to lose its popularity? Hardly. In fact, buying gold and silver right now makes more sense than it did when the market was at its peak.
It’s Not New
If you were to take a look at the way people were purchasing gold and talking about gold and silver in the past few years, you’d almost think it was a new thing. Buying gold and silver was touted as the only way you could protect yourself against an imaginary threat of hyperinflation and other disasters. In reality, buying gold and silver is a much more respected, established and sensible investment option than the types of people who ran around like the sky was falling would have you believe.