This past Friday, our Chief Operating Officer, Josh McCleary, visited the depository in Wilmington, DE. As a normal operating procedure every six months, a SilverSaver® executive travels to First State Depository to verify every ounce of client holdings and company inventory.
One of the most common questions asked when it comes to the monetary role of gold and silver is, “Why aren’t gold and silver still in circulation?”
When it comes to investing, the passive portfolio wins. Over and over, studies reveal that active “traders” rarely beat the market. In fact, it’s mathematically impossible for the average investor to have above average returns.
One of the most important lessons of the last decade is that cautious, passive investing almost always outperforms risky speculation and attempts of “timing” the market. The investor who is more concerned with security than greed, ironically, generally makes far more money over time.
Economic predictions are notoriously difficult to make, because markets are made out of people and not physical objects. Economics isn’t an exact science — it’s more of an art. Still, when we have a basic understanding of how markets actually operate, we’re usually able to see at least general signs of a major economic event far before it happens.
The dollar is the fundamental pillar of the world financial system. If we want to understand the future of the world economy, then the dollar is where we begin. Unfortunately, when we do understand the dollar, we see the real risks that threaten investors and savers everywhere.