Precious metals, such as gold, silver, platinum, and palladium, have been used as a store of value and a medium of exchange for centuries. Today, they continue to be popular investments, particularly during times of economic uncertainty, as they are perceived as a safe haven asset.
There are several reasons why people may choose to buy precious metals. First, precious metals are a good hedge against inflation, as their value tends to rise when the cost of living increases. Second, precious metals are a relatively stable investment, as their prices are not as volatile as stocks or bonds. Third, precious metals can be easily converted into cash, making them a liquid asset.
