by Dr. Jeffrey Lewis, Gold Seek:
The mainstream financial media touts a variety of ?anti-inflation? investments that can be used to protect wealth against the ravages of inflation. These typically range from buying commodities like oil and coal to more sophisticated instruments like inflation-protected treasuries and annuities.
While such investments may appear to be inflation-proof on paper, none of these investment vehicles have the solid intrinsic value of gold, silver or any of the other precious metals.
Intrinsic Value is Everlasting
Intrinsic value does not mean that the product may have value for some time, or even for a long time. Instead, intrinsic value signifies that the item has value forever.
Unlike the steadily declining value of intrinsically worthless paper fiat currency, the worth of an item with true intrinsic value remains relatively unchanged over time and is roughly worth the same amount today as it was thousands of years ago.
Gold and silver are some of the few products with intrinsic value, which would also include necessities of life such as food and shelter. Furthermore, these metals have been in demand for thousands of years for their natural beauty and use in jewelry.
Read More @ GoldSeek.com
Source: http://sgtreport.com/2012/07/defining-intrinsic-value-in-precious-metals-investing/
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