What really lures people into precious metal investing is the security that precious metals offer over investment accounts, stocks and bonds, real estate and other investment options. While some argue that metals, like any investment options, have their ups and their downs, nobody has ever made a sensible argument against metals as being amongst the safest possible investment options.
To take a look at the economy as it is, it's certainly no wonder that 2008 saw record numbers of new people getting into precious metal investing. The fact is that we are somewhere around the peak of one of the worst financial crises in history. Many were hoping that having a new president in office would be something of a silver bullet for the American recession but that proved not to be the case. Having new leadership in the White House has only gone to show that there will be no overnight fix for these problems. Rather, it will take effort and perseverance.
If there is a bright side to the recession it is simply that people have become a bit smarter about their finances in light of economic uncertainty. All we can hope is that a lesson has been learned and that the smart money saving and investment measures being used today aren't forgotten the moment the dollar starts gaining some real spending power again.
One common myth the last few years have dispelled was the idea that only rich people can get their hands on metals. Certainly any financially independent person hoping to keep their money safe in times of economic strife would be wise to hold precious metal investments, but it's not true that the option to invest in metals is only open to the incredibly wealthy.
Precious metal investing for bars and bricks, which can be prohibitively expensive when prices are high, isn't the only way to invest in gold, silver and platinum. In fact, the very reason you can buy investment grade coins in various sizes from an ounce to a half ounce to even a tenth of an ounce is that this makes precious metal investing more accessible and more convenient, in other words; open to everyone. There are silver investment grade coins available right now for less than the money you have in your pocket. This is exactly why precious metal investing has come into such popularity as of late, in that you only need spend a few hundred here and there to build on your investment. When you need some extra cash you only need to sell a small portion of your investment to attain it, you needn't cash the entire thing in every single time you need some money.
In short, American investors would be wise to stop worrying and start planning. The dollar will rebound, the stocks will rise again, but it won't be overnight and this won't be the very last financial crisis that the United States or the world at large ever faces. Keep yourself safe, that's what precious metal investing is all about.