Why Now Gold and Silver Precious Metals?

John Exter was an American economist and a member of the Board of Governors of the United States Federal Reserve System. Exter is known for creating Exter's Pyramid - useful for visualizing the organization of asset classes in terms of risk and size. When the credit system is expanding most money flows to the top of the pyramid - the increasingly speculative and illiquid investments. When the credit system comes under pressure and debt cannot be repaid, the items at the top of the pyramid get sold and money flows towards the bottom.

First published here: Why Now Gold and Silver Precious Metals?