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<p>[QUOTE="medoraman, post: 4300566, member: 26302"]To defend PM's a little, gold, the most basic PM play, has held up better than almost any other asset class. It retained your purchase power mainly. Silver, platinum and palladium have always been more of an industrial metal.</p><p><br /></p><p>I think the value of PM will come when all of these devalued dollars start floating around causing asset appreciation. The US government could probably not afford normal interest rates on their debt anymore, or Europe, so central banks will have to continue ultra low interest rates. That, combined with extra dollars, I do think could lead to a spike in a couple of years of PM prices again.</p><p><br /></p><p>Btw [USER=90102]@TheFinn[/USER] I do think I stumbled on to our primary disagreement. We really are both right since the more I think about it, classic "money" no longer exists. Nothing on earth is a store of value and medium of exchange due to modern inflationary societies and fiat currency. So, knowing "money" is dead clarifies the issue for me.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4300566, member: 26302"]To defend PM's a little, gold, the most basic PM play, has held up better than almost any other asset class. It retained your purchase power mainly. Silver, platinum and palladium have always been more of an industrial metal. I think the value of PM will come when all of these devalued dollars start floating around causing asset appreciation. The US government could probably not afford normal interest rates on their debt anymore, or Europe, so central banks will have to continue ultra low interest rates. That, combined with extra dollars, I do think could lead to a spike in a couple of years of PM prices again. Btw [USER=90102]@TheFinn[/USER] I do think I stumbled on to our primary disagreement. We really are both right since the more I think about it, classic "money" no longer exists. Nothing on earth is a store of value and medium of exchange due to modern inflationary societies and fiat currency. So, knowing "money" is dead clarifies the issue for me.[/QUOTE]
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