Why do rich people buy gold?

People view gold as a way to transmit and preserve their wealth from one generation to the next. Since ancient times, people have valued the unique properties of the precious metal. Gold doesn't corrode and can melt on a common flame, making it easy to work with and seal it as currency. Precious metals have been a proven source of wealth for thousands of years, and now you can even Buy Gold in IRA accounts to further secure your financial future. In times of instability, many have considered them a safe haven, used to preserve wealth and add security to an otherwise uncertain financial future.

During the four major gold bull markets of the past 50 years, silver has surpassed gold by a wide margin. In each case, silver lagged far behind gold during the early years of the bull market. But in the end, silver's profits surpassed those of gold. Compared to gold mining companies with tens of thousands of employees around the world, gold royalty companies rarely employ more than 50 people.

The impact of inflation cannot be underestimated when it comes to mining operations, which require large quantities of machinery, electricity and personnel.