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<p>[QUOTE="myownprivy, post: 4245605, member: 84588"]You've asked an interesting question: are precious metals a thing of the past</p><p>But you haven't really explained in any convincing way while you wonder if it's a thing of the past. </p><p>Therefore, there's not much to go on to have a discussion.</p><p><br /></p><p><br /></p><p>I simply don't have enough information at my fingertips to go into any depth as to whether they are or are not a thing of the past. </p><p><br /></p><p>Anecdotally we can observe many bullion websites and many internet discussion groups with vibrant memberships. That seems to suggest widespread interest in PMs.</p><p><br /></p><p>We can also observe further economic development around the world that increases demand for gold and silver from more people than ever before, as more people desire gold and silver jewelry and bullion. (China and India)</p><p><br /></p><p>However, we can also observe that financial institutions in the United States are offering no fee investment options in the market that never existed to the masses before. Gold and silver at one point function as a low barrier to entry "investment" for the working class. But if everybody from the rich to the poor, to the education to the uneducated, to old and the young, and blue collar and white collar have equal access to investing in the market, perhaps that will decrease interest in PMs in the United States?</p><p><br /></p><p>The wedding industry shows us that more and more people are buying nonprecious metal rings. And high quality inexpensive nonprecious metal jewelry is prevalent in everyday wear. Does this indicate PMs are going the way of the dodo? Maybe.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 4245605, member: 84588"]You've asked an interesting question: are precious metals a thing of the past But you haven't really explained in any convincing way while you wonder if it's a thing of the past. Therefore, there's not much to go on to have a discussion. I simply don't have enough information at my fingertips to go into any depth as to whether they are or are not a thing of the past. Anecdotally we can observe many bullion websites and many internet discussion groups with vibrant memberships. That seems to suggest widespread interest in PMs. We can also observe further economic development around the world that increases demand for gold and silver from more people than ever before, as more people desire gold and silver jewelry and bullion. (China and India) However, we can also observe that financial institutions in the United States are offering no fee investment options in the market that never existed to the masses before. Gold and silver at one point function as a low barrier to entry "investment" for the working class. But if everybody from the rich to the poor, to the education to the uneducated, to old and the young, and blue collar and white collar have equal access to investing in the market, perhaps that will decrease interest in PMs in the United States? The wedding industry shows us that more and more people are buying nonprecious metal rings. And high quality inexpensive nonprecious metal jewelry is prevalent in everyday wear. Does this indicate PMs are going the way of the dodo? Maybe.[/QUOTE]
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