【正文】 against inflation ?A safe haven during political or economic upheaval ?Need a storage place 1716 Investing in Precious Metals, Gems, and Collections (continued) ? Can be risky due to price variations ? Gold lower interest rates often result in higher gold prices – Bouillon bars and wafers – Gold bouillon coins – Gold stocks – Gold certificates 1717 Investing in Precious Metals, Gems, and Collections (continued) ? Silver, platinum, palladium and rhodium – Silver prices have fluctuated from $ an ounce in 1932, to over $50 an ounce in early 1980, and then back to less than $ an ounce in June 2022. – The last three are industrial catalysts, used mostly in automobile production – Can be both a hedge against inflation and a safe haven during political or economic upheavals 1718 Investing in Precious Metals, Gems, and Collections (continued) ? Precious Stones – Precious stones like diamonds, sapphires, rubies, and emeralds can be a hedge against inflation – Appeal to investors because of their small size, ease of concealment, inflation hedge, and great durability 1719 Investing in Precious Metals, Gems, and Collections (continued) ? Risks include.. – Not easily turned into cash – Difficult to know if you are getting a good stone – De Beer’s controls 85% of the world’s supply of rough diamonds – Expect to buy at retail and sell at wholesale 1720 Investing in Precious Metals,