Message:

<p>[QUOTE=&quot;Azpatriot, post: 1261104, member: 32979&quot;]I have always looked at it this way.</p><p><br /></p><p>2,000 years ago an ounce of gold would buy you a very fine tunic/robe in Rome.</p><p><br /></p><p>2,000 years ago and ounce of silver would buy you a nice dinner.</p><p><br /></p><p>Today an ounce of gold would get you a very fine suit along Savile Row.</p><p><br /></p><p>Today an ounce of silver would buy you a nice dinner (drinks not included of course) at Flemming&#039;s or Morton&#039;s.</p><p><br /></p><p>It&nbsp; has been like this throughout history...sure some big upswings and&nbsp; downswings but over the centuries it does well in keeping up with&nbsp; inflation. I have to whole-heartedly agree with Cloudsweeper that when&nbsp; added as part of a diversified portfolio, it stabilizes it as it is not&nbsp; correlated with traditional markets. Problem is some people look at it&nbsp; as get rich quick and that has never worked in any investment.</p><p><br /></p><p>I&nbsp; went by a local coin dealer to pick up a Panda a few weeks ago, there&nbsp; was a line of women extending out the door, every single one of them had&nbsp; sandwich bags filled with old gold jewelry. It was so bad in fact that&nbsp; the owner yelled out if anyone was there to buy they go to the front of&nbsp; the line. I am cautious right now and only adding very slowly, I have&nbsp; never seen a market that went straight up and maintain that velocity&nbsp; forever. Stocks, Real Estate, Oil....all of them have peaked in the&nbsp; recent decades and then retreated below they&#039;re moving averages...when I&nbsp; see lines of people selling, and the panic merchants hawking my brain&nbsp; tells me to tread softly, not that I dislike PM&#039;s quite the opposite but with a 20+ year time horizon I have some time for patience.[/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