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In economics, scarce (or rare) goods fetch higher prices simply because there are too few of them to go around. Since people around the world are constantly consuming very limited resources of precious metals, their valuation will only increase indefinitely over time as they become harder and harder to obtain or find. From a different economic meaning though precious metals offer a hedge against the currency a country produces. Because of the above mentioned rarity, precious metals have been known for centuries to be money. Like gold and silver for example. Plentiful and lasting. I wrote a white paper that explains this in more detail. You can download it for free here: www.fedupbook.com/whitepaper

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