The United States is experiencing a structural decline in the purchasing power of the dollar, making precious metals a superior long-term hold compared to fiat-denominated assets like Treasuries.

“I would suggest that the purchasing power of your savings and mine is declining at about 8% compounded. And the arithmetic problem there is if you're saving at fiat denominated instruments, let's say the US 10-year Treasury, the world's benchmark security, you're getting 4.6 paid 4.6, pardon me, in ”