Message:

<p>[QUOTE=&quot;-jeffB, post: 3641144, member: 27832&quot;]...aaaand it&#039;s back down to $1497 (down $25 from the level in the article), making its YTD return 16%. Another $25 drop will bring it right into line with the S&amp;P 500, assuming that index itself doesn&#039;t take another hit.</p><p><br /></p><p>The fact is that equities can <i>produce</i> wealth reflecting a company&#039;s productivity, while PMs can only <i>preserve</i> it. Yes, you can speculate in either one, and either one can rise and fall -- but only one has the underlying engine that <i>grows</i> wealth.</p><p><br /></p><p>There&#039;s a place for PMs in a portfolio to protect against short-term market slumps, in cases where you might not be able to wait for the market to recover. But if you&#039;re betting on markets to underperform PMs in the long term, you&#039;re betting squarely and obstinately against history.[/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