The Sprott Physical Silver Trust has announced a secondary offering to buy $75 million worth of silver. (link) To be expected, PSLV shares took a sharp dive on Friday, frustrating some. One commenter on The Wall St For Main St YouTube channel noted, “I will double down but this offering killed my return for the year in the PSLV.” The frustration is understandable.
im lays out some of the newer reasons to hold gold. Primarily, it is immune to electronic attacks on the financial system, which look like they are becoming a new, and powerful, tactic in warfare. He also points out that GLD and other ETFs, Paper gold, unallocated gold accounts, etc aren't really gold. He is advising holding gold as an insurance policy against economic turmoil. (i.e. when it becomes clear that you need the physical metal, you won't be able to get it. Your position will be closed out for cash, and the entire purpose of holding gold will be defeated.)
This book is not about investing or speculating in gold. It's about holding something that has held value for 5,000 years that the government cannot print more of, apply negative interest rates to, or simply bail-in a struggling bank with.
So go out an get a little safe, stash some gold, and hope you never need it (but, as Jim points out, it looks like you will in the near term).