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<p>[QUOTE=&quot;Cloudsweeper99, post: 1597396, member: 3011&quot;]I don&#039;t think of it as steering people away from bullion, and I own it myself.&nbsp; What bothers me are the situations where young or presumably young folks come in here and indicate that they plan to buy as much silver or gold as they can and hold it forever as their first and maybe only investment.&nbsp; That is their financial plan.&nbsp; Before anyone seriously invests in bullion, they should make sure that all of the other basics are covered, so I just point that out to make sure they are in a position to put significant money into PMS.&nbsp; Gold and silver have been in a tremendous bull market for the past decade.&nbsp; So stop and think.&nbsp; How likely is it that the next decade will match the last?&nbsp; How likely is a significant drop?&nbsp; How likely is it that stocks or real estate will do better.&nbsp; When you buy PMs now, are you buying low to sell high, or is it already high?&nbsp; What is your exit plan?&nbsp; What if it is confiscated?&nbsp; Where will you keep the stuff for 40 years?&nbsp; Is it insured?&nbsp; Can you afford to lose half or more of your cost, and perhaps a lot more from the eventual top if you never sell?</p><p><br /></p><p>I was a screaming bull on silver in particular when it was below $10, and was actually criticized for it.&nbsp; Probably one of the reasons there IS a bullion section on Cointalk is because I was such a pest about it <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />.&nbsp; You can go back and look it up.&nbsp; I&#039;m more cautious now that it is up multiples in price, and a different mindset is needed to invest in it.</p><p><br /></p><p>That&#039;s all.[/QUOTE]</p><p><br /></p>

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