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<p>[QUOTE=&quot;medoraman, post: 1089452, member: 26302&quot;]Just because a person believes the price is somewhat high does not negate the reason they may have bought in the first place. I bought originally because of 1, believing silver was fundamentally undervalued, but have held it as a hedge to my other holding. Even if silver goes does its not a lot of my portfolio, but having it there does diminish my risk ratio.</p><p><br /></p><p>The other thing you are not taking into account by solely concentrating on the PM price is the dollar value. Silver can stay all day at 20 Euros per ounce, but that does not mean it might go up dramatically in dollar terms. Having som PM holdings helps currency risk in a portfolio as well. I do not want to be just a millionaire if it takes $500 to buy a loaf of bread, right? This wouldn&#039;t be a &quot;calamity&quot;, as many currency have dramatic revaluations, but I just protect some of my holdings against that. I also invest in foreign equities for the same reason. Never put everything just in one currency basket.[/QUOTE]</p><p><br /></p>

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