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oh and silver have survived whenever you have bad times you know all the old peasants like me we have some gold under the bed we have some silver in the closet because we know when things go really bad we need something to protect ourselves and gold and silver have always done that the disparity between gold and silver during a recession or a depression is explained by different levels of industrial use gold is relatively Less in demand for industrial applications compared to the many uses of silver during a recession the decline in demand for Industrial Metals mitigates the positive impact that a recession could have on the price of silver demand continues to rise from Safe Haven investors but Falls as manufacturers buy less silver for their products therefore recessions and movements in the U.S markets have a greater positive impact on gold than on Silver gold and silver are safeguards against Bad Economic Times its value often Rises during recessions as the value of currencies such as the U.S dollar declines when a recession looms it's a good time to buy gold gold prices tend to rise when stock markets crash but if you buy gold before that happens you can buy it at a lower price for a solid return on your investment gold also offers an important way to diversify your portfolio and reduce your overall Financial Risk at all times it stabilizes portfolios as gold prices tend to offset stock prices in today's video we will tell you as Jim Rogers says that anyone can get rich by buying gold and silver during a recession but before we get into the video make sure you subscribe to our Channel and press that Bell icon to never miss an update in a crisis gold and silver can help you they have always done it because people know that it is a way of protecting themselves for now gold is close to its all-time high silver is down more than 50 percent from its all-time high on historical basis silver is much cheaper than gold now maybe it will always be cheaper people should worry about the dollar the US dollar has been the world's Reserve currency for several decades but history shows that no currency lasts forever as the world's primary Reserve currency or medium of exchange the dollar has been at the top for a long time the United States is the largest debtor nation in the history of the world and that makes people think that they should not use this currency anymore or use it as much these people have huge debts this is going to end badly one way or another for basic reasons people are worried and have started to worry more about the use of the United States dollar many people around the world are looking for something to compete with the United States dollar they haven't found it yet but a lot of people are looking and that is driving more and more people away from the United States nothing lasted like the number one coin forever everything changed over and over again and it will not be good for us or our children or with a country of the United States when we move away from the dollar gold and silver survived whatever you have bad times most of us have gold under the bed we have silver in the closet because we know that when things get really bad we need something to protect us and gold and silver have done that always and that is why now we can see more and more people hoarding gold and silver we must have both but if a great opportunity arises we have to be smart enough to buy more gold and silver if we are buying either today it would be silver as silver has historically been much cheaper than gold in the 1970s we had for various reasons mainly excessive printing of money we had severe inflation and the price of gold rose for these reasons but then again most of us know that historically gold and silver save us when prices go too high and that's why a lot of people were buying and selling gold and silver at that time now it's happening again the price of gold is near its all-time high because a lot of people are watching what's going on whether it's the Russians or the Chinese it doesn't matter everyone knows that we have serious problems later and one way to protect yourself is to own gold and silver because in crisis they have always increased and that is why many people own gold and silver so if they can go down a lot be smart to buy more of it whether we like it or not when there's a crisis gold helps you silver helps you they always have because people know that that's a way to protect yourself yeah that's all for today let us know your views in the comment section below and don't forget to like this video before leaving thanks for watching
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