Message:

<p>[QUOTE=&quot;Blaubart, post: 1661746, member: 37498&quot;]Agreed.&nbsp; ...and here&#039;s yet another way to look at it:</p><p><br /></p><p>I don&#039;t think of my PM stash as an investment so much as insurance.</p><p><br /></p><p>I also have car insurance.&nbsp; Does that mean I want to get in an accident?&nbsp; Nope!</p><p>I also have homeowners&#039; insurance.&nbsp; Does that mean I want my house to burn down?&nbsp; Absolutely not!</p><p>I have medical insurance.&nbsp; Does that mean I want to go to the ER?&nbsp; Not if I can avoid it!</p><p>I also have life insurance.&nbsp; Does that mean I want to die prematurely?&nbsp; Heck no!</p><p><br /></p><p>I do not spend a large portion of my income on insurance.&nbsp; My employer pays for virtually all of my medical and life insurance.&nbsp; My car and homeowners&#039; insurance account for less than 3% of my income.&nbsp; Likewise, my PM purchases account for a small portion of my income and once I accumulate a comfortable pile, I will probably not use any of my income to maintain it.&nbsp; I&#039;ll probably just trade between gold and silver depending on where the gold/silver ratio is to grow my pile.&nbsp; Also, we have not changed my automatic contributions to my IRA, my wife&#039;s IRA, my childrens&#039; college savings accounts, or our brokerage account.</p><p><br /></p><p>What does the paragraph above mean?&nbsp; That my PM purchases are not harming the economy.&nbsp; I am not abandoning ship on the dollar.&nbsp; I have MUCH more money that is dependent upon the US economy than I have in PM.</p><p><br /></p><p>So what I have to wonder, and what I sometimes take offense with, is why is it that a person who buys PM for the purpose of being prepared is often assumed to want the economy to fail?&nbsp; And why is it when a person even speaks of being prepared, they are often assigned the derogatory label of being a &quot;prepper&quot;?&nbsp; Since when is being prepared a bad thing?</p><p><br /></p><p>ETA: Keep in mind that predictions of the economy failing are not the same as wanting it to fail.&nbsp; There are quite a few people who believe our economy can&#039;t continue the way it&#039;s headed without failing.&nbsp; But, that doesn&#039;t mean we can&#039;t change where it&#039;s headed, or that we want it to fail...[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in