Precious metals are items with intrinsic value as a standalone. Unlike currency notes which can be printed, precious metals are of limited supply. This could be a method of storing resources if from a verified source. Interest rates on stored cash in the bank is of lesser value than 30 years ago. Thus, exploring newer means of storing wealth is justified.

A broad understanding about money is necessary for every citizen of the world. A class in economics cannot give one that. There is widely distributed information online which have summarized the concept about money. A summary video on the concept of money is provided at the end of this post.

See also:

Hidden Secrets of Money – What is Real Money?
Hidden Secrets of Money – Why is There Inflation and Imbalance of Wealth?
Hidden Secrets of Money – The Hidden Truth about Money
Hidden Secrets of Money – How to Make Yours
Hidden Secrets of Money – World Rich List by Country Natural Resource Reserves