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<p>[QUOTE=&quot;Cherd, post: 1435100, member: 24754&quot;]I think that bullion lovers have lost a bit of prospective on precious metals. They seem to think that it is the only thing that represents solid value in the world, but does it really have inherent value beyond &quot;Oooh, that&#039;s pretty!&quot;</p><p><br /></p><p>Metals were the first materials to be used as currency on a large scale (first materials were actually shells, spices, etc), which established a standardized trade system. But the metal currency represented something different to those people than it does to us today. Back in Ancient Greece or Rome, if you wanted a suit of armor you had to accumulate enough bronze coins to have one forged. Possession of decorative silver and gold items provided a strong delineation between classes, and accumulation of these coins was sought out for the same reason (to make things).</p><p><br /></p><p>The only reason that gold and silver have value is because everyone agrees that they have value (just like our current currency). Precious metals do serve as a great buffer against a small-to-mid scale downturn in an economy. However, if everything really goes to **** worldwide then the value of precious metals will fall along with every other form of currency. The only things in the world that have true inherent value are food, shelter, water, air, and energy. Unfortunately, these are not things that can be hoarded in large amounts over long periods of time.[/QUOTE]</p><p><br /></p>

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