I simply asked about investing in PM's and mentioned some of my reasoning behind it. Do you find his advice as accurate or is he just blowing steam? What is he getting at?
What are you trying to accomplish?
First off there are only three (or perhaps four) precious metals that are traded - gold, silver, platinum and possibly palladium. Copper is not a precious metal ($3/lb) so anybody who is telling you that copper is a precious metal is an idiot and not worth lstening to for more than time of day. Buying any other metal besides these is deeply nuts unless you are a pro buying an enormous pile.
Second, all of these are wildly volatile investments. Buying them as your primary investment is nuts.
Third, buying them "long-term" is just stupid - they have been going down steadily in value for 1000 years. The recent blip up is a blip unless you believe that a 1000 year trend has reversed for some whacko reason (all the reasons are wacko - like Armaggedon is going to happen and kids with bags of silver are going to save the day).
Edit: If you really want to make money, you will bet me that you know more about economics or economic history than me. I'll bet $1000 at 100:1 odds. If you think the US is anything like Weimar,then you know nothing and shouldn't be managing your own money. Ditto for Greece. Neither of those countries was remotely in control of their own money - Greece because it was a small insignificant country with an external currency and Weimar because of the wildly oppressive treaty of Versailles that let them keep nothing. Inflation is very healthy if kept at a reasonable level. US inflation is very light and healthy. The Fed has a $3T balance sheet. $3Trillion. That's $3,000,000,000,0000. That is wildly different from Greece or Weimar where their central banks had nothing. If you don't know how the size of a central bank's balance sheet affects their ability to control inflation better go read up.
In the meantime - about that bet? Let's do it - you could make some good money if you knew something.