The other thing that is inevitable is inflation, so the bias in change is always upward over the long run.
Sure, I think you can look at the long term graphs and see an upward bias, but are you making money? Adjust your dollars for the inflation, then answer that. But even that, "too much money chasing too few goods," is going to vary. It's going to vary in rate, slow down, speed up, go up for a spell, then down. And really, when I use the term "must," I'm referring simply to that fact. And it doesn't matter what market you're in. Indeed, there are investors even who bet on the price of bread. Markets fluctuate. That's their nature. They run in cycles. And all I'm saying we can really count on is, sooner or later, they're going to swing in the opposite direction.
I still think I'd rather hold gold and silver (precious metals) than $$$ to hedge that inflation factor. :kewl:
I'd have to agree with you. Bullion in the long run may even do better than high proof and/or mint state coins, though we don't really know what the prices of metals will go to. But, money in the bank is losing big time to inflation now, based on the fictitious government inflation numbers.
Gotta keep those sunglasses on for this post. Don't want the others to recognize that it's me that's buying up all the gold and silver I can find . . . Lol. :kewl: