Preservation: The U.S. Dollar has been steadily depreciating for the past 97 years. A 1913 dollar has retained only 4 cents of its purchasing power today.
Typical bank instruments such as CD's and money market accounts are simply not keeping up with inflation.
Protection: Geo-political instability in the Middle East and other parts of the world promises to be an ongoing concern. Our National Debt now exceeds $16 trillion and the US budget deficit continues to increase. In addition, the threat of a double dip recession could have a tremendous negative impact on stocks, bonds and mutual funds.
Growth: Gold and silver are up 400% over the last 10 years.
The purchasing power of gold has not diminished since biblical times. According to the Old Testament, during the reign of King Nebuchadnezzar (605 BC - 562 BC), an ounce of gold bought 350 loaves of bread. Today an ounce of gold still buys 350 loaves.