Anonymous

07 Jun 2019

∙

Why does no one talk about precious metals when it comes to financial literacy?

I’ve started my journey in financial literacy last year. Still learning and very thankful for the contributors here on Seedly. Along the way, I found out about physical gold and silver commodities and was attracted to its safety and “undervalueness”. I’m surprised how little the number of people talk about PMs. I've now started my journey on stacking metals as a form of savings. You can follow my album on @silver.fortress (ig)

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Colby Adkins

11 Jan 2024

@Dordle People can alternatively choose to retain PM, which is normally inversely associated to USD, and ride the wave.

Reply

Save

Hariz Arthur Maloy

07 Jun 2019

Independent Financial Advisor at Promiseland Independent

PMs/Commodities are a good asset to own. But storage is never easy.

They hold value and adjust for inflation, but that's about it.

You can't get rich from owning gold, silver, or platinum. You can stay rich by holding them instead.

And usually in the anticipation of a recession and a weakening dollar, people can choose to hold PM instead as they are usually inversely correlated to USD and ride the wave.

Reply

Save

View 1 replies

Billy

03 Jun 2019

Development & Acquisitions Manager at Real Estate Private Equity

In addition from what Hariz mentioned, commodities don't offer dividednds / recurring income but mor...

Write your thoughts

Related Posts

What do you think needs to be done more to support financial literacy in Singapore? I think for one, there has been more talk about financial literacy today than it was in the past. What's next?

Why no one here talks about investments in precious metals? Is it an undervalued commodity?

What advice would u give to someone who comes from a lower income family background than one who comes from more affluent background towards achieving financial goals?

What financial advice do you usually receive but often disagree with? Colleagues often come together during lunch to talk about random stuff in their lives and often, bad advice is given (imo)

Has any parent tried the KidSave Goal / Squirrel Treehouse to teach your children about financial literacy? What's a good age to start teaching your kids financial literacy?

Related Posts

What do you think needs to be done more to support financial literacy in Singapore? I think for one, there has been more talk about financial literacy today than it was in the past. What's next?

Why no one here talks about investments in precious metals? Is it an undervalued commodity?

What advice would u give to someone who comes from a lower income family background than one who comes from more affluent background towards achieving financial goals?

What financial advice do you usually receive but often disagree with? Colleagues often come together during lunch to talk about random stuff in their lives and often, bad advice is given (imo)

Has any parent tried the KidSave Goal / Squirrel Treehouse to teach your children about financial literacy? What's a good age to start teaching your kids financial literacy?