Why Gold & Silver Remain the Ultimate Insurance in Troubled Times

Bitcoin’s recent rise has led to a flurry of articles citing how it is set to replace gold as the key reserve asset. But in times of extreme uncertainty, gold remains the ultimate form of insurance in these troubled times. Today, we take a look at this argument, so let’s dive on in.

Now this channel provides global macro insights and champions the importance of sound money in a world gone crazy so please do consider subscribing. Gold’s historic pedigree over thousands of years remains unquestioned. It’s easily explained and understood as a premium store of value. But recently, the divergence between gold and bitcoin prices has fuelled a huge debate arguing that bitcoin is the new gold. But, as I have discussed previously in this video on riding the gold and silver bull, such declines as we have seen for gold recently are nothing out of the ordinary. Indeed, the last run to 2011 saw pullbacks occurring from May to June of 2006 at 23%, March through to October 2008 of a whopping 35%. February to April 2009 of 14%. November through to Feb 2010 of 15%, June to July of 2010 of 9%. And two further pullbacks in 2011 before attaining that all time high in September of that year.
And so let’s explore five key reasons I still see gold as the ultimate form of insurance.