Thoughts on Wearable Wealth
Are you familiar with wearable wealth? With all the options there are for transferring your assets into precious metals, it may be surprising to learn wearable wealth, or wearing solid gold and other precious metals, can be a good investment for several reasons:
Portable: Wearable wealth is highly portable, which makes it easy to transport and use as a form of currency or trade in the event of an economic crisis or collapse. Unlike other forms of investment, such as real estate or stocks, wearable wealth can be easily carried and traded without the need for complex legal or financial processes.
Tangible: Precious metals such as gold and silver have been used as a store of value for centuries due to their inherent value and scarcity. Unlike fiat currency, which can be printed at will by governments, precious metals have a limited supply and cannot be replicated. This tangible nature makes wearable wealth an asset that can hold its value over time.
Durable: Precious metals are highly durable and can last for hundreds or even thousands of years without degrading or losing their value! This makes for a long-term investment that can be passed down from generation to generation.
Inflation hedge: Precious metal assets such as wearable wealth have historically served as an inflation hedge, meaning that their value tends to increase as the value of fiat currency decreases due to inflation. This makes them a valuable asset to hold in times of economic uncertainty or when the value of fiat currency is under pressure, much as it is now.
Jewelry value: Wearable wealth can also have additional value beyond its intrinsic value as a precious metal. Gold and other precious metals are commonly used in jewelry, which can increase their value due to their aesthetic appeal and cultural significance.
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