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<p>[QUOTE=&quot;medoraman, post: 1840175, member: 26302&quot;]You know what I don&#039;t get? How people continually wish to talk about the disadvantages of fiat currency versus pm. &quot;Money&quot; historically been a medium of exchange and a store of value. I understand that. But in the modern world there is nothing that is both of these things. In the past this was mainly true but that is besides the point. So today you either can temporarily have USD to facilitate trade with a minimum of depreciation risk and exchange fees, OR you can own an asset which will be a store of value. PM might be that asset, but so could hundreds or thousands of other assets. However, any asset will have greater risks of loss and much higher buy/sell fees associated with it, so assets are very bad short term or trade facilitating solutions.</p><p><br /></p><p>So, against this backdrop, we KNOW pm will be higher in terms of nominal dollars in fifty years. How high I have no clue but frankly do not care. What will be important will be how much will pm go up versus other assets, not against the dollar. Leaving your assets in currency we know is the stupidest long term move that you can make. However, this has been true for almost the entire history of the US. So nothing has changed, so any comparison between pm and currency long term is a rather silly, intentionally misleading argument. Its ALWAYS been better to keep your wealth in assets, pm or not, than&nbsp; currency long term. Its a given. This does not, though, mean then that pm is the solution. It may be, or may not.</p><p><br /></p><p>I just thought I would bring that up since I read over and over how pm is better long term to hold than USD. DUH. However, usually the author then uses this obvious logic to &quot;prove&quot; pm should be purchases. The two points have nothing to do with each other. Its like a car salesman saying driving is faster than walking, therefor you should buy my used car. The first part is true, but that does not make the second statement necessarily true.[/QUOTE]</p><p><br /></p>

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